Gulf real estate firms bullish on growth

Real estate professionals in the Gulf have a bullish outlook on growth for their sector, notwithstanding a strong dollar, low oil prices and economic headwinds.

Over half of 300 firms surveyed at the recent Gulf Real Estate Awards predicted considerable growth over the next 12 months.

On average, 32 per cent of those surveyed expected their growth to be slightly higher across all key business areas over the next 12 months, with 49 per cent expecting it to be considerably higher. Less than 10 per cent expected the sector to see a dip in performance across key business areas over the same period.

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