Property. New projects mushroom in the Gulf region

Featured image of the article Property. New projects mushroom in the Gulf region
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13 December 2021 à 14h21

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3 minutes

Publication: 13 December 2021 à 14h21

Reading time: 3 minutes

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Publication

13 December 2021 à 14h21

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Publication: 13 December 2021 à 14h21

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Whilst the Central Bank forecasts a GDP of 2.1% in 2021 and 4.2% in 2022 for the United Arab Emirates, the property market is catching up. In the first half of 2021, Dubai’s hotels returned to an occupancy rate of 62%, which favored consumer spending. “Qatar, which was lagging behind in retail, has become one of the most active emirates with huge investments in shopping malls in the last month,” Driss Iziki, Cegid’s Chief Operating Officer for the Middle East and Africa, told Mind Retail. After

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