Salem, M R A S K K R R A (2009) The gcc real estate markets: An initial investigation into their attractiveness to global real estate investors. In: Dainty, A R J (ed.) Proceedings of 25th Annual ARCOM Conference, 7-9 September 2009, Nottingham, UK.
Abstract
As globalisation of investments increases, global real estate investors might have to consider other emerging markets apart from those of East Asia, Latin America and Eastern Europe. There is, therefore, the need to start developing a better understanding of other markets like those of the Gulf Cooperation Council (GCC) in the Middle Eastern region. And as a first step, this paper aims to explore the key cross-border barriers and the attractiveness of such real estate markets to global real estate investors. The paper is part of an ongoing research project investigating investment decision-making and strategies adopted by global real estate investors when venturing into emerging markets, particularly, the GCC region. Primary data collected through interviews with practitioners in the real estate industry in Europe, specifically the UK and Luxemburg, as part of a pilot study and secondary data are presented and discussed. The analysis shows that global real estate investors are determined to invest in different attractive parts of the region particularly, Saudi Arabia. However, the decision to invest in the region is affected by various factors like lack of transparency, difficulties associated with finding appropriate local partners and lack of knowledge about the local GCC property markets.
| Item Type: | Conference Paper (Paper) |
|---|---|
| Uncontrolled Keywords: | global real estate investors; gcc real estate markets |
| Index terms: | interview, investment decision-making, real estate, transparency, globalization, investigation, Asia, strategy, markets, Gulf cooperation council, property market, secondary data, investor, Saudi Arabia, practitioner, emerging market, Europe |
| Subjects: | Geography, data collection methods, practitioner, economic factors, sociology, physical geography and landforms, real estate economics, institutional frameworks, regions and continents, professional development, economic analysis, cognitive psychology, management |
| Topics: | Stakeholder Management, Research Practice, Roles and Professions, International Construction, Information Management, Geographical Context, Urban Studies, Business Strategy, Governance |
| Descriptive scope: | 4 PCEA |
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