MidEast buyers drive global property markets - JLL

  • Share via facebook
  • Tweet this
  • Bookmark and Share
(Photo for illustrative purposes only)

(Photo for illustrative purposes only)

Middle Eastern investors are continuing to play an active part in real estate investment markets globally with transactions in many of the world's largest cities, according to a new report by Jones Lang LaSalle.

The report said buyers from the region were demonstrating their ability to deploy large amounts of capital for the right opportunities.

Fadi Moussalli, head of the International Capital Group in the Middle East said: "With inflows from relatively high oil prices continuing to provide a consistent source of capital the opportunities provided by commercial real estate are very attractive for investors from the Middle East at the moment.

"We continue to see capital move from the Middle East to Europe and the United States in particular. Whenever good, quality core assets are on the market investors are attracted by the consistent income flow and possibility of longer term capital growth."

Global commercial real estate markets continued to rally in 2013 with transaction volumes in H1 up 11 percent on H1 2012, Jones Lang LaSalle's capital markets research said.

The research, which spans 60 countries and over 130 cities worldwide, said direct commercial real estate investment volumes in Q2 reached $114bn globally, up four percent on Q2 2012 and up nine percent on the previous quarter.

Continued strong growth in Q2 has kept global volumes above $100bn for five consecutive quarters, evidencing increasing investor confidence in commercial real estate, despite volatility in equity and bond markets, the report said.

The largest markets globally continued to see growth over the first half of the year with Japan (up 50 percent), Australia (up 10 percent), UK (up four percent), Germany (up 43 percent), France (up six percent) all recording half year increases compared to H1 2012.

Only China (down 20 percent) saw transaction volumes fall in the first half.

"Middle Eastern investors continue to play an active part in investment markets globally with transactions in many of the world's largest cities, demonstrating their ability to deploy large amounts of capital for the right opportunities," the report said.

Jones Lang LaSalle's forecasts for the remainder of 2013 remain at between $450-500bn.

Related:
Companies
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Finance talk with RAKBANK

Finance talk with RAKBANK

StartUp sat down with RAKBANK’s head of personal banking, Ian...

Tips from the top: Hisham Al Gurg

Tips from the top: Hisham Al Gurg

High profile investor and entrepreneur Hisham Al Gurg discusses...

1
The hubsters' ecosystem

The hubsters' ecosystem

Tamara Pupic visits Impact Hub Dubai, the first local branch...

Most Discussed
  • 15
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer
  • 7
    Belgium diplomat arrested for pulling veil from Qatari princess

    If its illegal to dress in a certain way why didnt the police do something about it.

    Whereever the Europeans go, they demand that society conforms... more

    Thursday, 21 August 2014 8:37 PM - Ghazi
  • 7
    CEO of Just Falafel to step down

    Just Falafel was a disaster waiting to happen. The food isn't even that good and the focus wasn't on building the brand and operations. Instead they focused... more

    Thursday, 21 August 2014 8:37 PM - milad
  • 23
    World's most pierced man refused entry to the UAE

    Tolerance has its limits everywhere including Dubai and those who considered Dubai a lawless circus were held accountable...so thank you Dubai authorities... more

    Thursday, 21 August 2014 10:51 PM - Khalil
  • 17
    UK looks to close tax loophole on expat landlords

    UK taxes too much and too complicated and time taking and confusing and continuous. Returns, lawyers, HMRC, taxes too much for too little. Not worth the... more

    Sunday, 17 August 2014 12:40 PM - AbdolRahman
  • 15
    Baby NOT on board?

    The people commenting here were all 20 years old when they were born, never cried, never screamed and never ran etc etc.
    more

    Thursday, 21 August 2014 8:30 AM - Amer