Real Estate in Numbers

THIS WEEK'S NUMBER: 565

The growth in the GCC retail real estate market since 2000 when a whopping 16.35 million square meters of Gross Leasable Area (GLA) are estimated to be completed by 2010.


This tremendous growth, making the GCC area the fastest growing retail real estate market in the world according to a report recently published by top three global property service consultants Colliers International, is fuelled by UAE and Saudi Arabia with 44% and 30% respectively of the GLA by the end of the decade.

Article seen in Real Estate & Investment Middle East July issue.

Picture courtesy Omniyat Properties illustrating the retail space in one of the projects to watch - the Gemini in Business Bay.