The Middle East and North Africa region MENA is facing a shortage of 3.5 million affordable homes, with the biggest undersupply in Egypt, Iraq, Morocco and Saudi markets a major challenge, given that this is one of the reasons behind the political turmoil in the Arab world, a Jones Lang Lasalle report said. Egypt requires 1.5 million affordable homes, Iraq one million, Morocco 600,000 and Saudi 400,000 homes.There is also a need for affordable housing in the UAE, Bahrain and Oman , the report said, according to Gulf News. Demand is forecast to overtake supply in the next five years, widening the current gap even further, the report said.
GMT 08:39 2017 Saturday ,23 December
Afghan raisin houses get a facelift to boost productivityGMT 15:34 2017 Friday ,22 December
Hot US new homes market sees biggest jump in 25 yearsGMT 17:34 2017 Tuesday ,19 December
German real estate giant to swallow rival in $6bn dealGMT 11:36 2017 Wednesday ,06 December
Sahalah FM Brings 360 Building Services to The KingdomGMT 18:09 2017 Tuesday ,28 November
US new home sales rise to 10-year highGMT 14:50 2017 Monday ,30 October
London house-buyers get lift from BrexitGMT 10:38 2017 Friday ,27 October
Chinese construction firm CCCC buys Canada's Aecon for Can$1.51 bnGMT 14:05 2017 Thursday ,19 October
US home construction hits one-year low in SeptemberMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor