Is it wise to invest in Middle East?

By: Abdelrahman


The Middle East is mainly known for political struggles, tensions, and civil wars, but have you ever expected that it is one of the most attractive real estate investment hubs around the world.
Yeah, many megacities emerged as real estate traction points like Dubai, Abu Dhabi, in addition to Qatar and Bahrain which are small independent states located on the Persian Gulf. Markets in these areas are stirring as construction process is picking up the pace to develop urbanity. Now many high rise towers and skyscrapers are scattered around these cities standing side by side to form a unique skyline view. You can check the available apartments for rent in Bahrain from this link.
The developing economies in GCC region lured many young professionals from all around the world, especially Asian countries, to go search for jobs and stay there. This added to the property boom as demand increased on apartments and residential units and encouraged investors to launch more commercial and residential projects to sustain nationals' and expats' rising demand for homes.
Mostly, all GCC states are safe, they are politically and economically stable, and they are a bit detached from the strifes in Iraq, Syria, and Yemen.
Future still holds more development, Dubai is now focusing on progressing its infrastructure to hold the new Expo 2020 event, Qatar also is laying down the foundations for hosting the coming World Cup in 2022.
The market is now vibrant and open to new opportunities. The Kingdom of Saudi Arabia is the region's new player expected to join the ranks of real estate powers in the region. As a part of its economic development policy, Saudi Arabia launched the scheme of a new mega-city to take place north-west the kingdom adjacent to Jordan's borders. Saudi Arabia is planning to reduce its dependence on oil and boost other economic factors to increase their contribution to its total GDP. Bahrain is seen as a rising power too, it is very ambitious and boasts very fruitful real estate investment opportunities. By the turn of the century, Bahrain approved a new law that enables foreigners from buying in a freehold area. It earmarked some certain districts mostly sea reclaimed like Juffair, Seef, Reef Island, and Durrat Al Bahrain. In a matter of 5 years, Bahrain is expected to be very attractive real estate investment destination.

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