The present report provides a comprehensive study on the Middle East’s real estate market with a focus on the reduced household budget allocation of the tenants. The report covers seven countries such as Saudi Arabia, Egypt, UAE (including Northern Emirates, Dubai and Abu Dhabi), Jordan, Oman Kuwait and Qatar on the basis of supply and revenue. It also discusses the segments of the market, competitive landscape and profile of major players.

1. 1

2. 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
2

3. 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
Financial Performance
5.7.3. Saudi Hotels and Resort Areas Company
Company Overview
Financial Performance
5.7.4. Makkah Construction and Development Company
Company Overview
Financial Performance
5.7.5. Taiba Holding
Company Overview
Financial Performance
5.7.6. Arriyadh Development Company
Company Overview
Financial Performance
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
3

4. 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
6.2.1. By Residential, Office, Retail and Hotel, 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
Financial Performance
6.7.2. Palm Hills Developments (PHD)
Company Overview
Financial Performance
6.7.3. Nasr City Housing & Development
Company Overview
Financial Performance
6.7.4. Six of October Development and Investment Company (SODIC)
Company Overview
Financial Performance
6.7.5. Orascom Hotels & Development
4

5. Company Overview
Financial Performance
6.7.6. Heliopolis Housing
Company Overview
Financial Performance
6.7.7. United Housing & Development
Company Overview
Financial Performance
6.8. Egypt Macro Economic and Industry Factors: Historical and Projections
6.8.1. Population, 2005-2013
6.8.2. Gross Domestic Product, 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
7.2.1. By Residential, Office, Retail and Hotel, 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
5

6. 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
Financial Performance
7.7.2. Investors & Eastern Arab for Industrial & Real Estate Investment (IEAI)
Company Overview
Financial Performance
7.7.3. Union Land Development Company (ULDC)
Company Overview
Financial Performance
7.7.4. Specialized Investment Compounds Company PLC (SPIC)
Company Overview
Financial Performance
7.7.5. Taameer Jordan Holdings (TAMR)
Company Overview
Financial Performance
7.7.6. Jordan Dubai Properties (REIN)
Company Overview
Financial Performance
7.7.7. Real Estate Development Company (REDV)
Company Overview
Financial Performance
7.8. Jordan Macro Economic and Industry Factors: Historical and Projections
7.8.1. Population, 2005-2013
6

7. 7.8.2. Gross Domestic Product, 2005-2013
7.8.3. Number of Tourists, 2005-2010
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
8.2.2. By Residential, Office, Retail and Hotel, 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
7

8. 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
Financial Performance
8.10.2. Emaar Properties
Company Overview
Financial Performance
8.10.3. Sorouh Real Estate Company
Company Overview
Financial Performance
8.10.4. Union Properties
Company Overview
Financial Performance
8.10.5. Aldar Properties
Company Overview
Financial Performance
8.10.6. Deyaar Holding
Company Overview
Financial Performance
8.11. UAE Macro-Economic and Industry Factors: Historical and Projections
8.11.1. Population, 2005-2013
8.11.2. Gross Domestic Product, 2005-2013
8.11.3. Number of Tourists Arrivals
8

9. 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
9.2.1. By Residential, Office, Retail and Hotel, 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
Financial Performance
9.7. Oman Macro Economic And Industry Factors: Historical and Projections
9.7.1. Population, 2005-2013
9

10. 9.1.1. Gross Domestic Product, 2005-2013
9.1.2. Number of Tourists, 2005-2010
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
10.3.1. By Residential, Office, Retail and Hotel, 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
10.7.1.1. By Residential, Office, Retail, Hotel Projected Supply, 2011-2013
10.8. Major Kuwait Real Estate Developers Profiles
10.8.1. Salhia Real Estate
Company Overview
Financial Performance
10.8.2. Mabanee
Company Overview
10

11. Financial Performance
10.8.3. United Real Estate Company
Company Overview
Financial Performance
10.8.4. Commercial Real Estate
Company Overview
Financial Performance
10.8.5. Tamdeen Real Estate Company
Company Overview
Financial Performance
10.8.6. National Real Estate Company
Company Overview
Financial Performance
10.9. Kuwait Macro Economic and Industry Factors: Historical and Projections
10.9.1. Population, 2005-2013
10.9.2. Gross Domestic Product, 2005-2013
10.9.3. Number of Tourists, 2005-2010
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
11.2.1. By Residential, Office, Retail and Hotel, 2005-2010
11.3. Qatar Real Estate Market Trends and Developments
11.4. Qatar Real Estate Market SWOT Analysis
11

12. 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
11.6.1.1. By Residential, Office, Retail, Hotel Projected Supply, 2011-2013
11.7. Major Qatar Real Estate Developers Profiles
11.7.1. United Development Company
Company Overview
Financial Performance
11.7.2. Barwa Real Estate Company
Company Overview
Financial Performance
11.7.3. Ezdan Real Estate
Company Overview
Financial Performance
11.8. Qatar Macro Economic and Industry Factors: Historical and Projections
11.8.1. Population, 2005-2013
11.8.2. Gross Domestic Product, 2005-2013
11.8.3. Number of Tourists, 2005-2010
11.8.4. Inflation, 2005-2013
11.8.5. Real Estate Finance
12. Appendix
12.1. Market Definition
12

13. 12.2. Abbreviations
12.3. Research Methodology
Data Collection Methods
Approach
12.4. Disclaimer
13

14. 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
14

15. 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 30: Population in Million, 2005-2013
Figure 31: Gross Domestic Product in USD Million, 2005-2013
Figure 32: Total Number of Tourists in Million, 2005-2010
Figure 33: Inflation in Percentage, 2005-2013
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
15

16. 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 45: Population in Million, 2005-2013
Figure 46: Gross Domestic Product in USD Million, 2005-2013
Figure 47: Total Number of Tourists Arrivals in Million, 2005-2010
Figure 48: Inflation in Percentage, 2005-2013
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
16

17. 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 66: Population in Million, 2005-2013
Figure 67: Gross Domestic Product in USD Million, 2005-2013
Figure 68: Inflation in Percentage, 2005-2013
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 74: Population in Million, 2005-2013
Figure 75: Gross Domestic Product in USD Million, 2005-2013
Figure 76: Total Number of Tourists in Million, 2005-2010
Figure 77: Inflation in Percentage, 2005-2013
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
17

18. 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 89: Population in Million, 2005-2013
Figure 90: Gross Domestic Product in USD Million, 2005-2013
Figure 91: Total Number of Tourists in Million, 2005-2010
Figure 92: Inflation in Percentage, 2005-2013
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
Figure 101: Population in Million, 2005-2013
Figure 102: Gross Domestic Product in USD Million, 2005-2013
Figure 103: Total Number of Tourists in Million, 2005-2010
Figure 104: Inflation in Percentage, 2005-2013
18

19. 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
19

20. 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
20

21. 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
21

22. 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
22

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 ~
Despite of an increasing supply of real thousand square meters of GLA (Gross Leasable
estate properties in the Middle East region,
Area) as compared to ~ thousand square meters
the market has been suffering from an
immense supply shortage, especially in the in 2005. This increase in the supply was the
residential segment 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
16,00,000
14,00,000
GLA Thousand Square Meter
12,00,000
10,00,000
8,00,000
6,00,000
4,00,000
2,00,000
-
2005 2006 2007 2008 2009 2010
23

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
100%
Qatar
90%
80% Kuwait
70%
In Percentage (%)
Oman
60%
50% UAE
40% Jordan
30%
Egypt
20%
10% Saudi Arabia
0%
2005 2006 2007 2008 2009 2010
,
24

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  Cause:
housing units/ properties  Effect:
Emerging demand for modern malls  Cause:
 Effect:
Increasing government investments  Cause:
 Effect:
Loss of Investors’ Confidence in  Cause:
Office Premises  Effect:
Declining commercial space rental  Cause:
rates and prices  Effect:
25

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
The real estate market in Saudi Arabia has estate properties. In addition the arrival of
showcased a remarkable growth in 2010,
religious and leisure tourists and travelers to the
primarily due to an increasing domestic
demand for real estate properties
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
15,600
15,400
15,200
USD Million
15,000
14,800
14,600
14,400
14,200
14,000
13,800
13,600
2007 2008 2009 2010
26

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.
TMG, which is one of the largest
developers in Egypt, has been losing its Palm Hills Development (PHD) is the second
share to emerging players such as PHD and largest player with contribution of ~% on account
SODIC on account of the growing of its widespread sales network. The company’s
competition in the real estate market
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)
27

28. 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.
28

29. Figure2: Zara Investment Holdings Total Revenue in USD Million, 2006-2010
140.0
120.0
100.0
USD Million
80.0
60.0
40.0
20.0
0.0
2006 2007 2008 2009 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
The trajectory of growth was subdued by real estate projects in the UAE.
the global economic crisis, which has led
the investors to retreat from the market The trajectory of growth was subdued by the
due to rising prices of real estate global economic crisis, which has led the
properties and higher unemployment rate investors to retreat from the market due to rising
resulting into less demand for affordable
prices of real estate properties and higher
residential units and unmatched demand
and supply ratio unemployment rate resulting into less demand
for affordable residential units and unmatched
demand and supply ratio…..
29

30. Figure: The UAE Real Estate Market Size by Supply in GLA Thousand Square Meter,
2005-2010
1,60,000
1,40,000
GLA Thousand Square Meter
1,20,000
1,00,000
80,000
60,000
40,000
20,000
-
2005 2006 2007 2008 2009 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.
30

31. 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
31

32. 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
10000 12000
9000
10000
8000
Total Transactions (In Units)
7000
Value (In USD Million)
8000
6000
5000 6000
4000
4000
3000
2000
2000
1000
0 0
2007 2008 2009 2010
Transaction Volume Transaction Value
Table: Kuwait Real Estate Market Transactions by Residential and Commercial Market in
Units, 2007-2010
Particulars 2007 2008 2009 2010
Residential
Commercial
32

33. 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
0.35
0.30
0.25
0.20
In Million
0.15
0.10
0.05
0.00
2005 2006 2007 2008 2009 2010
33

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
700.0
600.0
500.0
In USD Million
400.0
300.0
200.0
100.0
0.0
2007 2008 2009 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
34

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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