There’s a long list of reasons to invest in the real estate market of the Middle East; it is a booming market. Given its extensive energy resources and a rapidly growing population, billions of dollars have been invested in the region, making it globally one of the fastest-growing real estate markets.
The Middle East and its geographical position is an excellent way to serve Europe, Africa and Asian markets. Countries like Dubai, Kuwait and Turkey have become hot destinations for investment in real estate due to its rapidly growing economies.
Kuwait has signalled that it is becoming more open to foreign investment. Its Vision 2035 program includes various mega projects, including the building of a multipurpose industrial city to the tune of USD 6.6 billion. Kuwait’s tax framework makes it an attractive target for foreign investment, with benefits like income tax holidays and customs-free equipment importation, the country is hoping to attract more foreign investment.
Dubai is now considered as an international city on the global stage with New York, London, Paris and Tokyo, and is leading the development of the UAE leisure market together with Abu Dhabi. The next few years will see a transformation of the UAE’s leisure and entertainment offering.