lara al barazi - cityscape global · the uae is the most appealing country for real estate...
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Lara Al BaraziHead of Real Estate Research
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An online study of attitudes towards real
estate investment in the GCC and Egypt
A YouGov Cityscape collaboration
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4.2 MILLIONNUMBER OF PEOPLE ON YOUGOV RESEARCH PANELS GLOBALLY
>500,000NUMBER OF PEOPLE ON YOUGOV’S RESEARCH PANEL IN MENA, INDIA AND PAKISTAN
6NUMBER OF OFFICES IN MENA
>500NUMBER OF RESEARCH PROJECTS SERVED IN MENA IN THE LAST FINANCIAL YEAR
NUMBER OF YEARS OPERATING IN MENA
112000 YOUGOV FOUNDED
IN THE UK
NUMBER OF CLIENTS IN MENA IN THE LAST FINANCIAL YEAR
Y O U G O V B Y N U M B E R S
>185 NUMBER OF COUNTRIES IN WHICH WE HAVE PANELS IN MENA, INDIA & PAKISTAN
21 60THE SIZE OF OUR RESEARCH TEAM IN MENA
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Who did we speak to?
Investors Home buyers
*All respondents currently own a property or are willing to buy a property in the next year.
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Real estate is the most attractive investment category.
54
13
11
10
6
3
3
Real estate
Stocks
Precious metals
Fixed deposits
Currencies
Non-metal commodities
Bonds
Attractive investment categories (%)
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The UAE is the most appealing country for real estate investment in the GCC and Egypt.
UAE
65%
11% 10%Saudi ArabiaEgypt
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Dubai is the most appealing city for real estate investment in the GCC & Egypt.
DubaiMecca & Riyadh
Abu Dhabi
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Capital appreciation
Return on investment
Investor protection
74% 73% 68% 66%
Availability of multiple options
Capital appreciation & return on investment are the biggest drivers of real estate investment appeal.
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State ofeconomy in
your market ofinterest
State of theglobal
economy
Currencyfluctuations
Lack of trust inbrokers,and/or
developers
Falling oilprices
73% 70%
However, macro-economic factors emerge as elements of concern when investing in real estate.
71% 70% 68%
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46%
Sales price are expected to rise in
Egypt
51%Kuwait
GCC respondents expect residential property sales prices to decline in the year to come.
47%UAE
45%Saudi Arabia
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35%
Saudi Arabia
36%
Qatar
36%
UAE
The market outlook is optimistic for the next year with expected growth, especially in Egypt.
46%
Egypt
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Value for money and property quality are the most important factors when buying a residential property.
Value for money Property quality Easy highway access
87% 85%73%
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Being in close proximity to educational & healthcare facilities are high on the agenda.
41%Educational
facilities
39%Healthcare
facilities
34%Place of work/
business
30%Place of worship
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In the UAE, being in close proximity to grocery stores is more important.
41%Grocery stores
36%Healthcare
facilities
34%Public transport
32%Leisure &
entertainment
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Stand alone residential properties in the city center/ Downtown are the most sought-after.
33%Stand alone residential
properties in downtown/ city center
Especially in Saudi Arabia (44%) 28%
Gated communities in the city that host
commercial and retail spaces
Especially in the UAE (35%)
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Two and three bedroom apartments are the most popular type of property.
34%3 bedroom apartment
22%2 bedroom apartment
In the GCC and Egypt
28%2 bedroom apartment
19%4 bedroom
villa
In the UAE
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Affordable housing is the biggest gap in the real estate industry.
More affordable
housing
Lack of access to reliable
brokers
Availability of smart or energy
efficient properties
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The future of real estate special feature: Home automation.
61%House
security
50%Automatic Air conditioning/
heating
44%Fire/flooding
security
Associations with home automation
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The concept of home automation is highly popular across the region.
79%Consider home
automation appealing
69%Would consider
buying it for their current/next
residential property
61%Are willing to pay
between 5-15% extra as a premium on the price of a property
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Questions?