Although real estate market has proven to be a safe bet for individuals and corporations against the turbulent atmosphere, the sector’s resilience is challenged by many difficulties across the development landscape. The market remains split with different dynamics at opposite ends of the spectrum. Increasing prices in the upper end of the market and growing appetite for flipping properties that could pose as an early warning sign of a bubble forming.

Real estate sector in the region is seen to witness calmness due to COVID-19 impacts. The industry’s deceleration mode is partially reflected by the stifled demand, on the background of the weak consumer purchasing power in the sales slowdown.

Furthermore, the construction & real estate industry has always been very exposed to external factors. Key trends influencing the market underpinned by supply and demand imbalance, changes in market competition, construction materials & land prices, macroeconomy and financing alternatives. Leading developers throughout the sector are confronting the need for change by innovating their business models, redefining their value proposition and harnessing the power of data and technology.