As the dust settles on a bustling year for the real estate sector in the Gulf Cooperation Council (GCC), experts from CBRE have crunched the numbers to provide an in-depth overview of how the sector fared. A round up of the key findings across the main segments of residential, offices, retail, hotels, and industrial logistics.
Residential
Across all markets except for Bahrain and Khobar, the average sales price of residential property rose further, with Dubai (even touted one of the world’s hottest) and Abu Dhabi the standout markets.
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