Middle east real estate market outlook sample report

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TABLE OF CONTENTS

1. The Middle East Real Estate Market Introduction

2. The Middle East Real Estate Market Size, 2005 – 2010

2.1. By Supply, 2005-2010

3. The Middle East Real Estate Market Segmentation

3.1. By Residential, Office, Retail and Hotel Supply in GLA Thousand Square Meter, 2005-2010

3.2. By Geography

4. Middle East Real Estate Future Outlook

4.1. Middle East Real Estate Future Projections, 2011-2013

4.2. Cause and Effect Relationship between Dependent and Independent Factors Prevailing in Middle East Real Estate Market

5. Saudi Arabia Real Estate Market Introduction

5.1. Saudi Arabia Real Estate Market Size, 2007-2010

5.1.1. By Revenue, 2007-2010

5.1.2. By Supply, 2005-2010

5.2. Saudi Arabia Real Estate Market Segmentation on the Basis of Supply, 2005-2010

5.2.1. By Residential, Office, Retail and Hotel, 2005-2010

5.3. Saudi Arabia Real Estate Market Trends and Developments

5.4. Saudi Arabia Real Estate Market SWOT Analysis

Strengths

Weaknesses

Opportunity

Threats

5.5. Saudi Arabia Real Estate Market Competitive Landscape

5.5.1. Saudi Arabia Real Estate Market Developers' Market Share, 2010

5.6. Saudi Arabia Real Estate Market Future Outlook

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5.6.1. Saudi Arabia Real Estate Market Future Projections, 2011-2013

5.7. Major Saudi Arabia Real Estate Developers Profiles

5.7.1. Dar Al Arkan Real Estate Development Company

Company Overview

Financial Performance

5.7.2. Saudi Real Estate Company

Company Overview


5.7.3. Saudi Hotels and Resort Areas Company

Company Overview


5.7.4. Makkah Construction and Development Company

Company Overview


5.7.5. Taiba Holding

Company Overview


5.7.6. Arriyadh Development Company

Company Overview


5.8. Saudi Arabia Macro Economic And Industry Factors: Historical and Projections

5.8.1. Population, 2005-2013

5.8.2. Gross Domestic Product, 2005-2013

5.8.3. Number of Tourists, 2005-2010

5.8.4. Inflation, 2005-2013

5.8.5. Real Estate Finance, 2007-2010

6. Egypt Real Estate Market Introduction

6.1. Egypt Real Estate Market Size, 2005-2010

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6.1.1. By Revenue, 2005-2010

6.1.2. By Supply, 2005-2010

6.2. Egypt Real Estate Market Segmentation on the Basis of Supply, 2005-2010


6.3. Egypt Real Estate Market Trends and Developments

6.4. Egypt Real Estate Market SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

6.5. Egypt Real Estate Market Competitive Landscape

6.5.1. Egypt Real Estate Market Developers’ Market Share, 2010

6.6. Egypt Real Estate Market Future Outlook

6.6.1. Egypt Real Estate Market Future Projections, 2011-2013

6.7. Major Egypt Real Estate Developers Profiles

6.7.1. Talaat Moustafa Group Holding (TMG)

Company Overview


6.7.2. Palm Hills Developments (PHD)

Company Overview


6.7.3. Nasr City Housing & Development

Company Overview


6.7.4. Six of October Development and Investment Company (SODIC)

Company Overview


6.7.5. Orascom Hotels & Development

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Company Overview


6.7.6. Heliopolis Housing

Company Overview


6.7.7. United Housing & Development

Company Overview


6.8. Egypt Macro Economic and Industry Factors: Historical and Projections

6.8.1. Population, 2005-2013


6.8.3. Number of Tourists

6.8.4. Inflation, 2005-2013

6.8.5. Housing Mortgage Finance

7. Jordan Real Estate Market Introduction

7.1. Jordan Real Estate Market Size, 2005-2010

7.1.1. By Revenue, 2005-2010

7.1.2. By Supply, 2005-2010

7.2. Jordan Real Estate Market Segmentation on the Basis of Supply, 2005-2010


7.3. Jordan Real Estate Market Trends and Developments

7.4. Jordan Real Estate Market SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

7.5. Jordan Real Estate Market Competitive Landscape

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7.5.1. Jordan Real Estate Market Developers’ Market Share, 2010

7.6. Jordan Real Estate Market Future Outlook

7.6.1. Jordan Real Estate Market Future Projections, 2011-2013

7.6.1.1. Residential, Office, Retail, Hotel Projected Supply, 2011-2013

7.7. Major Jordan Real Estate Developers Profiles

7.7.1. Zara Investment Holdings

Company Overview


7.7.2. Investors & Eastern Arab for Industrial & Real Estate Investment (IEAI)

Company Overview


7.7.3. Union Land Development Company (ULDC)

Company Overview


7.7.4. Specialized Investment Compounds Company PLC (SPIC)

Company Overview


7.7.5. Taameer Jordan Holdings (TAMR)

Company Overview


7.7.6. Jordan Dubai Properties (REIN)

Company Overview


7.7.7. Real Estate Development Company (REDV)

Company Overview


7.8. Jordan Macro Economic and Industry Factors: Historical and Projections

7.8.1. Population, 2005-2013

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7.8.4. Inflation, 2005-2013

8. UAE Real Estate Market Introduction

8.1. UAE Real Estate Market Size, 2005-2010

8.1.1. By Revenue, 2005-2010

8.1.2. By Supply, 2005-2010

8.2. UAE Real Estate Market Segmentation on the Basis of Supply, 2005-2010

8.2.1. By Abu Dhabi, Dubai and Northern Emirates, 2005-2010


8.3. Dubai Real Estate Market Introduction

8.3.1. Dubai Real Estate Market Size by Supply, 2005-2010

8.3.2. Dubai Real Estate Market Segmentation by Residential, Office, Retail and Hotel, 2005-2010

8.4. Abu Dhabi Real Estate Market Introduction

8.4.1. Abu Dhabi Estate Market Size By Supply, 2005-2010

8.4.2. Abu Dhabi Real Estate Market Segmentation by Residential, Office, Retail and Hotel, 2005-2010

8.5. Northern Emirates Real Estate Market Introduction

8.5.1. Northern Emirates Real Estate Market Supply, 2005-2010

8.5.2. The Northern Emirates Market Segmentation by Residential, Office, Retail and Hotel, 2005-2010

8.6. UAE Real Estate Market Trends and Developments

8.7. UAE Real Estate Market SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

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8.8. The UAE Real Estate Market Competitive Landscape

8.8.1. The UAE Real Estate Market Developers’ Market Share, 2010

8.9. UAE Real Estate Market Future Outlook

8.9.1. UAE Real Estate Market Future Projections, 2011-2013

8.9.1.1. Residential, Office, Retail, Hotel Projected Supply, 2011-2013

8.10. Major UAE Real Estate Developers Profiles

8.10.1. Dubai Holdings

Company Overview


8.10.2. Emaar Properties

Company Overview


8.10.3. Sorouh Real Estate Company

Company Overview


8.10.4. Union Properties

Company Overview


8.10.5. Aldar Properties

Company Overview


8.10.6. Deyaar Holding

Company Overview


8.11. UAE Macro-Economic and Industry Factors: Historical and Projections

8.11.1. Population, 2005-2013


8.11.3. Number of Tourists Arrivals

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8.11.4. Real Estate Finance

8.11.5. Inflation, 2005-2013

9. Oman Real Estate Market Introduction

9.1. Oman Real Estate Market Size, 2005-2010

9.1.1. By Revenue, 2005-2010

9.1.2. By Supply, 2005-2010

9.2. Oman Real Estate Market Segmentation on the Basis of Supply, 2005-2010


9.3. Oman Real Estate Market Trends and Developments

9.4. Oman Real Estate Market SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

9.5. Oman Real Estate Market Future Outlook

9.5.1. Oman Real Estate Market Future Projections, 2011-2013

9.5.1.1. By Residential, Office, Retail, Hotel Projected Supply, 2011-2013

9.6. Oman Real Estate Market Developers Profiles

9.6.1. Al Khonji Real Estate & Development

Company Overview

9.6.2. Al Madina Real Estate Company

Company Overview

9.6.3. Sahara Hospitality Company

Company Overview


9.7. Oman Macro Economic And Industry Factors: Historical and Projections

9.7.1. Population, 2005-2013

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9.1.3. Inflation, 2005-2013

10. Kuwait Real Estate Market Introduction

10.1. Kuwait Real Estate Market Size, 2005-2010

10.1.1. By Revenue, 2005-2010

10.1.2. By Supply, 2005-2010

10.2. Kuwait Real Estate Market Transactions, 2007-2010

10.3. Kuwait Real Estate Market Segmentation on the Basis of Supply, 2005-2010


10.4. Kuwait Real Estate Market Trends and Developments

10.5. Kuwait Real Estate Market SWOT Analysis

Strengths

Weaknesses

Opportunities

Threats

10.6. Kuwait Real Estate Market Competitive Landscape

10.6.1. Kuwait Real Estate Market Developers’ Market Share, 2010

10.7. Kuwait Real Estate Market Future Outlook

10.7.1. Kuwait Real Estate Market Future Projections, 2011-2013


10.8. Major Kuwait Real Estate Developers Profiles

10.8.1. Salhia Real Estate

Company Overview


10.8.2. Mabanee

Company Overview

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10.8.3. United Real Estate Company

Company Overview


10.8.4. Commercial Real Estate

Company Overview


10.8.5. Tamdeen Real Estate Company

Company Overview


10.8.6. National Real Estate Company

Company Overview


10.9. Kuwait Macro Economic and Industry Factors: Historical and Projections

10.9.1. Population, 2005-2013



10.9.4. Inflation, 2005-2013

10.9.5. Housing Finance, 2007-2010

11. Qatar Real Estate Market Introduction

11.1. Qatar Real Estate Market Size, 2005-2010

11.1.1. By Revenue, 2005-2010

11.1.2. By Supply, 2005-2010

11.2. Qatar Real Estate Market Segmentation on the Basis of Supply, 2005-2010


11.3. Qatar Real Estate Market Trends and Developments

11.4. Qatar Real Estate Market SWOT Analysis

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Strengths

Weaknesses

Opportunities

Threats

11.5. Qatar Real Estate Market Competitive Landscape

11.5.1. Qatar Real Estate Market Developers’ Market, 2010

11.6. Qatar Real Estate Market Future Outlook

11.6.1. Qatar Real Estate Market Future Projections, 2011-2013


11.7. Major Qatar Real Estate Developers Profiles

11.7.1. United Development Company

Company Overview


11.7.2. Barwa Real Estate Company

Company Overview


11.7.3. Ezdan Real Estate

Company Overview


11.8. Qatar Macro Economic and Industry Factors: Historical and Projections

11.8.1. Population, 2005-2013



11.8.4. Inflation, 2005-2013

11.8.5. Real Estate Finance

12. Appendix

12.1. Market Definition

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12.2. Abbreviations

12.3. Research Methodology

Data Collection Methods

Approach

12.4. Disclaimer

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LIST OF FIGURES

Figure 1: Middle East Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 2: Middle East Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 3: Middle East Real Estate Market Segmentation by UAE, Saudi Arabia, Kuwait, Jordan, Qatar, Oman and Egypt in Percentage, 2005-2010

Figure 4: Saudi Arabia Real Estate Market Size by Revenue in USD Million, 2007-2010

Figure 5 : Saudi Arabia Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 6: Saudi Arabia Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 7: Saudi Arabia Real Estate Market Projected Supply in GLA Thousand Square Meter, 2011-2013

Figure 8: Dar Al Arkan Real Estate Development Company Total Revenue in USD Million. 2007-2010

Figure 9: Saudi Real Estate Company Total Revenue in USD Million, 2007-2010

Figure 10: Saudi Hotels and Resort Areas Company Total Revenue in USD Million, 2007-2010

Figure 11: Makkah Construction and Development Company Total Revenue in USD Million, 2007-2010

Figure 12: Taiba Holding Total Revenue in USD Million, 2007-2010

Figure 13: Arriyadh Development Company Total Revenue in USD Million, 2007-2010

Figure 14: Population in Million, 2005-2013

Figure 15: Gross Domestic Product in USD Million, 2005-2013

Figure 16: Total Number of Tourist Arrivals in Million, 2005-2010

Figure 17: Inflation in Percentage, 2005-2013

Figure 18: Real Estate Finance in USD Million, 2007-2010

Figure 19: Egypt Real Estate Market Size by Revenue in USD Million, 2005-2010

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Figure 20: Egypt Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 21: Egypt Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 22: Egypt Real Estate Market Projections on the Basis of Supply in GLA Thousand Square Meter, 2011-2013

Figure 23: TMG Total Revenue in USD Million, 2008-2010

Figure 24: PHD Total Revenue in USD Million, 2008-2010

Figure 25: Nasr City Housing Total Revenue in USD Million, 2008-2010

Figure 26: SODIC Total Revenue in USD Million, 2008-2010

Figure 27: Orascom Hotels & Development Total Revenue in USD Million, 2008-2010

Figure 28: Heliopolis Housing Total Revenue in USD Million, 2008-2010

Figure 29: United Housing & Development Total Revenue in USD Million, 2008-2010



Figure 32: Total Number of Tourists in Million, 2005-2010


Figure 34: Jordan Real Estate Market Size in USD Million, 2005-2010

Figure 35: Jordan Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 36: Jordan Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 37: Jordan Real Estate Market Projections on the Basis of Supply in GLA Thousand Square Meter, 2011-2013

Figure 38: Zara Investment Holdings Total Revenue in USD Million, 2006-2010

Figure 39: Investors & Eastern Arab for Industrial and Real Estate Investment Total Revenue in USD Million, 2006-2010

Figure 40: Union Land Development Company Total Revenue in USD Million, 2006-2010

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Figure 41: Specialized Investment Compounds Company PLC Total Revenue in USD Million, 2006-2010

Figure 42: Taameer Jordan Holdings Total Revenue in USD Million, 2006-2010

Figure 43: Jordan Dubai Properties Total Revenue in USD Million, 2006-2010

Figure 44: Real Estate Development Company Total Revenue in USD Million, 2006-2010



Figure 47: Total Number of Tourists Arrivals in Million, 2005-2010


Figure 49: UAE Real Estate Market Size in USD Million, 2005-2010

Figure 50: The UAE Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 51: UAE Real Estate Market Segmentation by Abu Dhabi, Dubai and Northern Emirates, in Percentage, 2005-2010

Figure 52: UAE Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 53: Dubai Real Estate Market Supply in GLA Thousand Square Meter, 2005-2010

Figure 54: Dubai Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 55: The Abu Dhabi Real Estate Market Supply in GLA Thousand Square Meter, 2005-2010

Figure 56: Abu Dhabi Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 57: Northern Emirates Real Estate Market Supply in GLA Thousand Square Meter, 2005-2010

Figure 58: The Northern Emirates Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 59: UAE Real Estate Market Projection by Supply in GLA Thousand Square Meter, 2011-2013

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Figure 60: Dubai Holdings Total Revenue in USD Million, 2006-2010

Figure 61: Emaar Properties Total Revenue in USD Million, 2006-2010

Figure 62: Sorouh Real Estate Company’s Total Revenue in USD Million, 2006-2010

Figure 63: Union Properties Total Revenue in USD Million, 2006-2010

Figure 64: Aldar Properties Total Revenue in USD Million, 2006-2010

Figure 65: Deyaar Holding Total Revenue in USD Million, 2006-2010




Figure 69: Oman Real Estate Market Size in USD Million, 2005-2010

Figure 70: Oman Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 71: Oman Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 72: Oman Real Estate Market Projections on the Basis of Supply in GLA Thousand Square Meter, 2011-2013

Figure 73: Sahara Hospitality Company Total Revenue in USD Million, 2006-2010





Figure 78: Kuwait Real Estate Market Size in USD Million, 2005-2010

Figure 79: Kuwait Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 80: Kuwait Real Estate Market Transactions in Units and Value in USD Million, 2007-2010

Figure 81: Kuwait Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in Percentage, 2005-2010

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Figure 82: Kuwait Real Estate Market Projections on the Basis of Supply in GLA Thousand Square Meter, 2011-2013

Figure 83: Salhia Real Estate Total Revenue in USD Million, 2008-2010

Figure 84: Mabanee Total Revenue in USD Million, 2008-2010

Figure 85: United Real Estate Total Revenue in USD Million, 2008-2010

Figure 86: Commercial Real Estate Total Revenue in USD Million, 2008-2010

Figure 87: Tamdeen Real Estate Total Revenue in USD Million, 2008-2010

Figure 88: National Real Estate Total Revenue in USD Million, 2008-2010





Figure 93: Housing Finance in USD Million, 2007-2010

Figure 94: Qatar Real Estate Market Size in USD Million, 2005-2010

Figure 95: Qatar Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

Figure 96: Qatar Real Estate Market Segmentation by Residential, Office, Retail, Hotel on the Basis of Supply in Percentage, 2005-2010

Figure 97: Qatar Real Estate Market Projections on the Basis of Supply in GLA Thousand Square Meter, 2011-2013

Figure 98: United Development Company Total Revenue in USD Million, 2007-2010

Figure 99: Barwa Real Estate Company Total Revenue in USD Million, 2007-2010

Figure 100: Ezdan Real Estate Total Revenue in USD Million, 2007-2010





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LIST OF TABLES

Table 1: Middle East Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 2: Middle East Residential and Hotel Real Estate Market Supply in Units in Thousand and Rooms in Thousands, 2005-2010

Table 3: Middle East Real Estate Market projections by Supply in GLA Thousand Square Meter, 2011-2013

Table 4: Cause and Effect Relationship Analysis between Industry Factors and Expected industry Prospects of Middle East Real Estate Market

Table 5: Saudi Arabia Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 6: Saudi Arabia Residential in Units in Thousand and Hotel Rooms in Thousand, 2005-2010

Table 7: Saudi Arabia Real Estate Market Developers’ Market Share in Percentage, 2010

Table 8: Saudi Arabia Real Estate Market Developers’ Total Revenue in USD Million, 2007-2010

Table 9: Saudi Arabia Real Estate Market Projected Supply by Residential, Office, Retail and Hotel in GLA Thousand Square Meter, 2011-2013

Table 10: Saudi Arabia Residential and Hotel Real Estate Market Projected Supply in Units in Thousand and Rooms in Thousands, 2011-2013

Table 11: Real Estate Projects by Dar Al Arkan Real Estate Development Company, 2011

Table 12: Real Estate Projects by Saudi Real Estate Company, 2011

Table 13: Real Estate Projects by Makkah Construction and Development Company, 2011

Table 14: Real Estate Projects by Arriyadh Development Company, 2011

Table 15: Egypt Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand, 2005-2010

Table 16: Egypt Residential Supply in Units and Hotel Rooms in Thousands, 2005-2010

Table 17: Egypt Real Estate Market Developers’ Market Share in Percentage, 2010

Table 18: Egypt Real Estate Market Developers’ Total Revenue in USD Million, 2010

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Table 19: Egypt Real Estate Market Projections on the Basis of Supply by Residential, Office, Retail and Hotel in GLA Thousand Square Meter, 2011-2013

Table 20: Egypt Residential Projected Supply in Units and Hotel Rooms in Thousand, 2011-2013

Table 21: Jordan Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand, 2005-2010

Table 22: Jordan Residential Units and Hotel Rooms in Thousands, 2005-2010

Table 23: Jordan Real Estate Market Developers’ Market Share in Percentage, 2010

Table 24: Jordan Real Estate Market Developers’ Total Revenue in USD Million, 2010

Table 25: Jordan Real Estate Market Projections on the Basis of Supply by Residential, Office, Retail and Hotel in GLA Thousand Square Meter, 2011-2013

Table 26: Jordan Residential and Hotel Real Estate Market Projected Supply in Units in Thousand and Rooms in Thousands, 2011-2013

Table 27: UAE Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 28: United Arab Emirates Residential Units and Hotel Rooms Supply in Units in Thousand, 2005-2010

Table 29: Dubai Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 30: Dubai Real Estate Residential Supply in Units in Thousand and Hotel Rooms in Thousands, 2005-2010

Table 31: Abu Dhabi Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 32: Abu Dhabi Residential Supply in Units in Thousand and Hotel Rooms in Thousands, 2005-2010

Table 33: Northern Emirates Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 34: Northern Emirates Residential and Hotel Supply in Units in Thousand and Rooms in Thousand, 2005-2010

Table 35: The UAE Real Estate Market Developers’ Total Revenue in Percentage, 2010

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Table 36: The UAE Real Estate Market Developers’ Total Revenue in USD Million, 2010

Table 37: UAE Real Estate Market Projected Supply in GLA Thousand Square Meter, 2011-2013

Table 38: UAE Real Estate Market Projected Supply in GLA Thousand Square Meter, 2011-2013

Table 39: UAE Residential Real Estate Market Projected Supply in Units in Thousand, 2011-2013

Table 40: UAE Hotel Real Estate Market Projected Supply in Rooms in Thousand, 2011-2013

Table 41: Real Estate Projects by Emaar Properties, 2011

Table 42: Real Estate Projects by Sorouh Real Estate Company, 2011

Table 43: Real Estate Projects by Union Properties, 2011

Table 44: Oman Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 45: Oman Residential Supply in Units and Hotel Rooms in Thousands, 2005-2010

Table 46: Oman Real Estate Market Projections on The Basis of Supply by Residential, Office, Retail and Hotel in GLA Thousand Square Meter, 2011-2013

Table 47: Oman Residential and Hotel Real Estate Market Projected Supply in Units in Thousand and Rooms in Thousands, 2011-2013

Table 48: Real Estate Projects by Sahara Hospitality Company

Table 49: Kuwait Real Estate Market Transactions by Residential and Commercial Market in Units, 2007-2010

Table 50: Kuwait Real Estate Market Transactions by Residential and Commercial Market in USD Million, 2007-2010

Table 51: Kuwait Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand Square Meter, 2005-2010

Table 52: Kuwait Residential and Hotel Supply in Units in Thousand and Rooms in Thousands, 2005-2010

Table 53: Kuwait Real Estate Market Developers’ Market Share in Percentage, 2010

Table 54: Kuwait Real Estate Market Developers’ Market Share in USD Million, 2010

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Table 55: Kuwait Real Estate Market Projections on the Basis of Supply by Residential, Office, Retail and Hotel in GLA Thousand Square Meter, 2011-2013

Table 56: Kuwait Residential and Hotel Real Estate Market Projected Supply in Units in Thousand and Rooms in Thousands, 2011-2013

Table 57: Real Estate Projects by Commercial Real Estate Company (Altijaria), 2011

Table 58: Qatar Real Estate Market Segmentation by Residential, Office, Retail and Hotel on the Basis of Supply in GLA Thousand, 2005-2010

Table 59: Qatar Residential and Hotel Supply in Units in Thousand and Rooms in Thousands, 2005-2010

Table 60: Qatar Real Estate Market Developers’ Market Share in Percentage, 2010

Table 61: Qatar Real Estate Market Developers’ Revenue in USD Million, 2010

Table 62: Qatar Real Estate Market Projections on The Basis of Supply by Residential, Office, Retail and Hotel in GLA Thousand Square Meter, 2011-2013

Table 63: Qatar Residential and Hotel Real Estate Market Projected Supply in Units in Thousand and Rooms in Thousands, 2011-2013

Table 64: Real Estate Projects by Barwa Real Estate Company, 2011

Table 65: Real Estate Projects by Barwa Real Estate Company

23

THE MIDDLE EAST REAL ESTATE MARKET SIZE, 2005 – 2010

BY SUPPLY, 2005-2010

Over the years, the Middle East real estate sector has been adding on new projects to cater to the requirements of the buyers and the real estate investors. In 2010, the cumulative supply of the

real estate sector has increased at 5% to ~ thousand square meters of GLA (Gross Leasable Area) as compared to ~ thousand square meters in 2005. This increase in the supply was the result of the rising demand for affordable housing units due to growing population in the Middle

East region. In addition, the arrival of the expatriates to the region with a motive to own a property in the Middle East has driven the market in the recent past….

Figure: Middle East Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

-

2,00,000

4,00,000

6,00,000

8,00,000

10,00,000

12,00,000

14,00,000

16,00,000

2005 2006 2007 2008 2009 2010

GL

A T

hous

and

Squa

re M

eter

Despite of an increasing supply of real estate properties in the Middle East region, the market has been suffering from an immense supply shortage, especially in the residential segment

24

THE MIDDLE EAST REAL ESTATE MARKET SEGMENTATION

BY GEOGRAPHY

The real estate sector of the Middle East is dominated by Saudi Arabia with approximately ~% of the market in 2010. Although the development of the real estate sector after the global economic unrest has been subdued, Saudi Arabia still maintains a positive growth and is experiencing sustainable recovery. Unlike most of the nations in the Middle East, Saudi Arabia is blessed with the rising domestic demand for real estate properties, especially in the residential and office segment.

Similarly, the real estate market of Egypt is driven by the strong inflow of demand from the domestic population or the traditional Egyptian population. In addition, the favorable taxation policies by the government have encouraged both the domestic and the non-residents to purchase properties in the nation….

Figure 1: Middle East Real Estate Market Segmentation by UAE, Saudi Arabia, Kuwait, Jordan, Qatar, Oman and Egypt in Percentage, 2005-2010

,

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

2005 2006 2007 2008 2009 2010

In P

erce

ntag

e (%

)

Qatar

Kuwait

Oman

UAE

Jordan

Egypt

Saudi Arabia

25

MIDDLE EAST REAL ESTATE FUTURE OUTLOOK

CAUSE AND EFFECT RELATIONSHIP BETWEEN DEPENDENT AND INDEPENDENT FACTORS PREVAILING IN MIDDLE EAST REAL ESTATE MARKET

Table: Cause and Effect Relationship Analysis between Industry Factors and Expected industry Prospects of Middle East Real Estate Market

Industry Factors Market Impact Comments

Increasing foreign tourists Cause: Effect:

Impelling demand for affordable housing units/ properties

Cause: Effect:

Emerging demand for modern malls Cause: Effect:

Increasing government investments Cause: Effect:

Loss of Investors’ Confidence in Office Premises

Cause: Effect:

Declining commercial space rental rates and prices

Cause: Effect:

26

SAUDI ARABIA REAL ESTATE MARKET SIZE, 2007-2010

BY REVENUE, 2007-2010

The real estate market in Saudi Arabia has showcased a remarkable growth in 2010, primarily due to an increasing domestic demand for real estate properties. In addition the arrival of religious and leisure tourists and travelers to the country has driven the market in the recent past and has resulted into lower vacancy rates of the

retail shopping malls and hotel rooms. On account of these prevalent market conditions, the value of the real estate market has increased by ~% to USD ~ million.

Figure: Saudi Arabia Real Estate Market Size by Revenue in USD Million, 2007-2010

13,600

13,800

14,000

14,200

14,400

14,600

14,800

15,000

15,200

15,400

15,600

2007 2008 2009 2010

USD

Mill

ion

The real estate market in Saudi Arabia has showcased a remarkable growth in 2010, primarily due to an increasing domestic demand for real estate properties

27

EGYPT REAL ESTATE MARKET COMPETITIVE LANDSCAPE

EGYPT REAL ESTATE MARKET PLAYERS' MARKET SHARE, 2010

The real estate market in Egypt is dominated by few major players who contribute around ~% of the total revenue of the market in 2010. Of these, Talaat Mostafa Group Holdings (TMG) with contribution of ~% leads the share due to the company’s successful project execution track and a

strong brand name.

Palm Hills Development (PHD) is the second largest player with contribution of ~% on account of its widespread sales network. The company’s diversified projects in the North Coast, western

and eastern Cairo has supplemented the growth of the organization in the year 2010…..

Table: Egypt Real Estate Market Players’ Market Share in Percentage for the Year Ended 2010

Market Players 2010

Talaat Mostafa Group Holding (TMG)

Palm Hills Development (PHD)

Nasr City Housing & Development

Six of October Development and Investment Company (SODIC)

Orascom Hotels & Development

Heliopolis Housing

United Housing & Development

Others

Table: Egypt Real Estate Market Players’ Total Revenue in USD Million for the Year Ended 2010

Market Players 2010

Talaat Mostafa Group Holding (TMG)

Palm Hills Development (PHD)

TMG, which is one of the largest developers in Egypt, has been losing its share to emerging players such as PHD and SODIC on account of the growing competition in the real estate market

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Nasr City Housing & Development

Six of October Development and Investment Company (SODIC)

Orascom Hotels & Development

Heliopolis Housing

United Housing & Development

MAJOR JORDAN REAL ESTATE DEVELOPERS PROFILES

ZARA INVESTMENT HOLDINGS

COMPANY OVERVIEW

Zara Investment Holdings is the one the largest real estate developer in Jordan. The company develops and operates seven 5-star hotels with a combined supply of ~ rooms located in Amman, Dead Sea, Petra and Aqaba. The company enjoys a competitive advantage in the tourism industry with ~% of the hotel rooms in Jordan under its ownership.

The company’s hotels are managed by International Hotels Group, Hyatt International and Movenpick Hotels and Resorts. In 2010, the company has completed and inaugurated the renovated Premium Wing with ~ rooms and suites.

FINANCIAL PERFORMANCE

The company with around ~% of ownership of the total hotel rooms in Jordan has earned total revenue of USD ~ million in 2010. In 2010, the profit increased to USD ~ million as compared to USD ~ million in 2009. This was due to an increased number of tourism in Jordan and the demand of 5-star and high-end and hotels developed and owned by the company.

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Figure2: Zara Investment Holdings Total Revenue in USD Million, 2006-2010

UAE REAL ESTATE MARKET SIZE, 2005-2010

BY SUPPLY, 2005-2010

The real estate supply in UAE in 2008 has increased to ~ thousand square meter of GLA as compared to ~ thousand square meters in 2005. This was a period when the real estate market in UAE was booming on account of significant demand, moderate prices, adequate supply volume,

influx of foreign investors and inflow of several real estate projects in the UAE.

The trajectory of growth was subdued by the global economic crisis, which has led the investors to retreat from the market due to rising prices of real estate properties and higher unemployment rate resulting into less demand for affordable residential units and unmatched

demand and supply ratio…..

0.0

20.0

40.0

60.0

80.0

100.0

120.0

140.0

2006 2007 2008 2009 2010

USD

Mill

ion

The trajectory of growth was subdued by the global economic crisis, which has led the investors to retreat from the market due to rising prices of real estate properties and higher unemployment rate resulting into less demand for affordable residential units and unmatched demand and supply ratio

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Figure: The UAE Real Estate Market Size by Supply in GLA Thousand Square Meter, 2005-2010

UAE REAL ESTATE MARKET FUTURE OUTLOOK

….

UAE REAL ESTATE MARKET FUTURE PROJECTIONS, 2011-2013

The real estate market in UAE is expected to add a supply of ~ thousand square meter of GLA by 2013 on account of the rising demand for affordable residential properties, entry of emigrants, propelling tourism industry which is likely to increase the occupancy rates of the hotel real estate segment of the market and the demand for futuristic shopping malls.

RESIDENTIAL, OFFICE, RETAIL, HOTEL PROJECTED SUPPLY, 2011-2013

The real estate market in the United Arab Emirates (UAE) although is facing bad time but is expected to witness a positive demand for villas and affordable housing properties in the near future. However, prices for high end villas are expected to increase in the next 1-2 years in almost the entire emirate. The demand for office premises is expected to remain subdued in the immediate near future which will further lower the prices of office buildings.

-

20,000

40,000

60,000

80,000

1,00,000

1,20,000

1,40,000

1,60,000

2005 2006 2007 2008 2009 2010

GL

A T

hous

and

Squa

re M

eter

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Table: UAE Real Estate Market Projected Supply in GLA Thousand Square Meter, 2011-2013

Business Segments Supply (GLA Thousand Square Meter)

2011 2012 2013

Abu Dhabi

Residential

Office

Retail

Hotel

Dubai

Residential

Office

Retail

Hotel

Northern Emirates

Residential

Office

Retail

Hotel

Table: UAE Residential Real Estate Market Projected Supply in Units in Thousand, 2011-2013

Cities 2011 2012 2013

Abu Dhabi

Dubai

Northern Emirates

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Table: UAE Hotel Real Estate Market Projected Supply in No. of Rooms in Thousand, 2011-2013

Cities 2011 2012 2013

Abu Dhabi

Dubai

Northern Emirates

KUWAIT REAL ESTATE MARKET TRANSACTIONS, 2007-2010

In 2010, the market has shown a recovery by recording total transactions of ~ on account of the government’s initiative to increase employment opportunities in the region and provide housing loans to the residential property buyers.

Figure: Kuwait Real Estate Market Transactions in Units and Value in USD Million, 2007-2010

Table: Kuwait Real Estate Market Transactions by Residential and Commercial Market in Units, 2007-2010

Particulars 2007 2008 2009 2010

Residential

Commercial

0

2000

4000

6000

8000

10000

12000

0100020003000400050006000700080009000

10000

2007 2008 2009 2010

Val

ue (I

n U

SD M

illio

n)

Tot

al T

rans

actio

ns (I

n U

nits

)

Transaction Volume Transaction Value

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Table: Kuwait Real Estate Market Transactions by Residential and Commercial Market in USD Million, 2007-2010

Particulars 2007 2008 2009 2010

Residential

Commercial

KUWAIT MACRO ECONOMIC AND INDUSTRY FACTORS: HISTORICAL AND PROJECTIONS

NUMBER OF TOURISTS, 2005-2010

The retail and the hotel market of a country are majorly dependent on the travelers and the inbound tourists. Similarly, the fortune of the retail and the hotel market in Kuwait is primarily dependent on the arrival of tourists. It is evident that the influx of tourists in 2010 has declined sharply to ~ million from ~ million in 2009. This was due to the political instability and lack of preference for Kuwait as tourist destination.

Figure: Total Number of Tourists in Million, 2005-2010

0.00

0.05

0.10

0.15

0.20

0.25

0.30

0.35

2005 2006 2007 2008 2009 2010

In M

illio

n

34

HOUSING FINANCE, 2007-2010

Housing finance or housing mortgage loan is a major driver of the residential real estate market. A rise in the housing loans in 2008 showcased more demand for residential properties in the country. In 2010, there has been a decline in the housing loans to USD ~ million from USD ~ million in 2009. This has been due to the banks’ conservative lending policies together with weak property market in the country.

Figure: Housing Finance in USD Million, 2007-2010

QATAR REAL ESTATE MARKET COMPETITIVE LANDSCAPE

QATAR REAL ESTATE MARKET PLAYERS' MARKET SHARE FOR THE YEAR ENDED 2010

The real estate sector in Qatar is fragmented amongst many large-scale and small-scale real estate developers. A major share of the real estate market is fragmented amongst non-government real estate organizations that primarily undertake private real estate development activities and around ~% of the market is shared amongst several public shareholding companies

0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

2007 2008 2009 2010

In U

SD M

illio

n

35

of which the United Development Company has controlled around ~% of the total market in 2010. The company is one of the largest developers in the country with several milestone projects under its belt. The real estate market of Qatar is primarily held by three major players who contribute around ~% to the country’s real estate market. United Development Company leads the market with a contribution of ~%, followed by Barwa Real Estate Company with ~% and Ezdan Real Estate with ~% to the real estate market in 2010.

Table: Qatar Real Estate Market Players’ Market Share in Percentage, 2010

Market Players 2007 2008 2009 2010

United Development Company

Barwa Real Estate Company

Ezdan Real Estate

Others

Table: Qatar Real Estate Market Players’ Revenue in USD Million, 2010

Market Players 2007 2008 2009 2010

United Development Company

Barwa Real Estate Company

Ezdan Real Estate

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