世邦魏理仕：2023年中东地区房地产展望报告（英文版）（21页）.pdf

1、REPORTMarket OutlookIntelligent Investment2023MIDDLE EAST REAL ESTATECBRE RESEARCH2CBRE RESEARCH 2023 CBRE,INC.Intelligent InvestmentReal Estate Market Outlook|Middle EastContentsMacroeconomic OutlookOfficesResidentialHotelsRetailIndustrial&LogisticsInvestment Yields Guide010203040506073CBRE RESEARC

2、H 2023 CBRE,INC.Intelligent InvestmentReal Estate Market Outlook|Middle EastKey Takeaways01MACROECONOMICThe economies of GCC countries are expected to continue to record strong rates of growth in 2023.Both the hydrocarbon and non-hydrocarbon sectors are expected to continue to provide material contr

3、ibutions to headline growth rates.The average GDP growth across GCC countries in 2023 is set to reach 2.7%02REAL ESTATE PROJECTSTotal value of real estate projects planned or underway in the GCC currently stands at$1.36 trillion.Saudi Arabia accounted for 64.5%of this total,equating to around$877 bi

4、llion worth of projects.This is followed by the UAE,where its$293 billion worth of projects accounts for 21.6%of the total.03OFFICESStrong levels of economic growth are continuing to attract occupiers to the region with both Saudi Arabia and the UAE being key beneficiaries.With supply being constrai

5、ned in these two markets,we expect rental rates to continue to grow.In other markets,a combination of subdued demand and excess supply will mean rental growth is likely to remain anemic.04RESIDENTIALResidential markets in the region will likely see somewhat fragmented performance in 2023,supply glut

6、s in certain markets will drive down performance,whereas lack of supply in key business hubs such as Dubai and Riyadh is likely to mean these markets outperform.05HOTELS We expect that this will be the first full year which does not have pandemic related restrictions and as a result,in most parts,we