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FINANCIAL NEWS
GCC real estate sector expected to recover
13 Sep 2013
(MENAFN) The real estate sector in the Gulf Cooperation Council (GCC) is expected grow this month pushing the sector closer to recovery in the year’s last quarter, The Peninsula Qatar reported.
A report released by Ezdan Holding Group said that the expected recovery is due to some 2022 World Cup projects being launched.
The report also said that despite the end of the summer season, the sector continued its growth and sales in the sector hit USD137.28 million in the last week of August.
The real estate sector is to be pushed further with the launch of USD130 billion projects in the UAE.
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