Whatever the percentage of stagnation in the real estate market, there is another scales in the balance that works to adjust its balance is the increasing growth of the population, which means increasing demand for the residential and commercial sector represented in the retail sector more specifically, and recent studies indicate that real estate expansion continues to accommodate the increase in population in the Gulf countries, as the latest statistics indicate that the population of the Gulf reached 57 million people, while reports showed that the Gulf countries will witness the construction of real estate and tourism projects costing more than 20 billion dollars by the next four years.

While reports showed that the Gulf countries will witness the construction of real estate and tourism projects costing more than 20 billion dollars by the next four years.

Optimism for 2016

Although the supply of commercial and residential real estate does not match the demand, the high demand for residential and commercial real estate, shopping, hospitality, healthcare, entertainment and infrastructure in the Gulf countries heralds an upcoming recovery in the real estate market, especially in light of the strong population growth in the Gulf countries and the large influx of expatriate workers, and the large projects that are nominated in the news daily, all these factors make 2016 a year that absorbs many successes and achievements that serve the interest of the real estate and economic movement.

The year 2016 will be a year of successes and achievements that serve the interest of the real estate and economic movement.

Dubai thrives on Expo 2020

<The upcoming World Expo in Dubai in 2020 looks set to generate unprecedented activity in the construction market and will contribute significantly to the economic development of the Gulf states as a whole, It is expected that major real estate companies will devote their activities to take advantage of the event to market the largest number of their mega projects that will be completed or near completion in 2020, the date of the start of “Expo Dubai”, and this supports the idea of an increase in real estate construction by up to 60 percent over the next seven years - as reports say - to accommodate population growth, which increases at a compound annual rate of 5.2 %.

820 million dollars. 20 million tourists

Dubai plans to implement a plan to achieve AED 300 billion (about 820 million dollars) from the tourism sector and attract 20 million tourists in line with its strategic vision for 2020, so investments in hospitality and retail real estate are one of the top priorities for the government.”

He added that investments in hospitality and retail real estate are expected to be among the top priorities for the government. Dubai's hotel sector is expected to grow by 42 percent by 2017 to reach 91,000 hotel rooms, while the retail sector is estimated to grow by 24 percent in 2017 to reach 2.85 million square meters.

Dubai's retail sector is estimated to grow by 24 percent in 2017 to reach 2.85 million square meters.