Middle east property investors look to saudi and egypt

Middle East investors are buying real estate again but they are looking at affordable housing projects in Saudi Arabia and hotel developments in Egypt, rather than Dubai.

Indeed, Dubai is still struggling to attract both domestic and overseas property buyers as confidence in the emirate’s real estate market remains low.

International property consultants Colliers International says that investors plan to put a larger proportion of their funds into real estate assets in the coming 12 months, with low cost housing in Saudi Arabia among the top picks.

Some 70% of investors polled by the brokerage said they were likely to increase their real estate holdings, with two thirds reporting target returns in the region of 15 to 20%.

Source: PropertyWire.com