Published: 9th September 2013
The new EMEA Report, released this week from Cushman and Wakefield, has shown a considerable increase in demand for property in the Middle East in comparison with the same period for 2010. Mike Atwell, Head of Middle East Operations for Cushmand and Wakefield, went on to say "We still see an appetite for investment in our core markets of Saudi Arabia, the UAE and Qatar. However demand for product is restricted to prime buildings in established locations, leased to strong covenant tenants for lease lengths in excess of five years."
The report, which showed a 15% increase in foreign property investments in the Middle East is more good news for the region, which is slowly showing signs of stabilising after the turbulence of recent years. The report is yet more good news for the Middle East property sector, who also saw extensions is residency permits in Dubai being announced this week. Whilst the region may well be some way from a full recovery, it certainly seems as though the Middle East property market is now heading in the right direction.