The corporate real estate industry is rapidly expanding, presenting numerous opportunities for growth and development. Commercial real estate is a key player in fostering a thriving market across the region.
real estate provides a backbone for industry growth
The real estate market in the GCC region is poised for another remarkable period, primarily driven by increasing demand from ultra-high-net-worth individuals and commercial property sales.
In the United Arab Emirates alone the property market generates and impressive percentage of the country’s GDP, with an upwards trend thanks to a rise in commercial rentals and property purchasing power. It’s this growth that furthers fuels the infrastructure around a competitive start-up ecosystem, within an already established and flourishing sector.
Incorporating green technologies, renewable energy sources, and eco-conscious designs into real estate projects is a trend that start-ups are now responding to, and something EIGHTClouds is harnessing in its portfolio.