MENA INVESTORS EYE UAE PROPERTY MARKET
A survey by property advisory firm Jones Lang LaSalle showed that the UAE’s residential market was still the number one pick for investors from the MENA region. According to the latest Real Estate Investor Sentiment survey, 97 percent of respondents were keen on investing in the UAE’s real estate sector mainly owing to the country’s political and economic stability and market transparency. The survey also showed that 61 percent of investors in the GCC are seeking to invest in Saudi Arabia, up from 38 percent last year, while 9 out of 10 Middle Eastern investors are considering international markets for investment. According to the survey, the most popular international market was Europe, particularly the UK. The survey also showed growing interest in the US, with 47 percent of respondents eager to invest in the market, up from 24 per cent in 2013.