April 20, 2021

Real estate projects in Gulf region to hit $20bn

real estate

A study released in Dubai has indicated that the Gulf region will accommodate the construction of real estate and tourist projects at a cost of more than $20bn in the next four years.

With the latest statistics indicating that the Gulf’s population has reached 57 million, the ongoing real estate expansion will continue to accommodate population growth. According to the study, the real estate and construction market in the Gulf is still going through a very positive growth period.

The research firm that conducted the study, Capital, stated that strong population growth in the Gulf is contributing to the high demand for residential and commercial properties, including shopping, hospitality, recreation and healthcare facilities.

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