Sustainability, Quality and Transparency – Key Drivers for Real Estate 2008

January 17, 2008	(Be the first to rate this story!)  Loading ...
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Latest report by Real Estate Consultants Jones Lang La Salle reveals that Sustainability, good quality construction and transparency will be the key drivers of the GCC real estate market over the next year.

The report also predicts that these regions will be the prime investment targets for International investors. According to the managing director of Jones Lang LaSalle, international investment in the region is currently only served by companies in the GCC or Pakistan and India.

Speaking on the same he said that it is quite amazing how few global investors are active in these projects - few of the global 100 real estate investors are here. But 2008 will be the year that the world discovers the importance of GCC real estate.

He further added that factors such as greater transparency, better quality construction and greater access to local debt markets would spur more international investment.

Sustainability is also expected to become a major market influence this year. “We believe that the UAE can lead the world on this issue where, free fro the legacy of decades of un-environmental developments, a framework for sustainability can be conceived and implemented that leads and surpasses global best practice.”

News Published Under:   Real Estate Developers |

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