What is Going On in the MENA Real Estate Market?

PERCENTAGE URBAN BY MAJOR AREA Extremely Important SlideTABLE 3. PERCENTAGE URBAN BY MAJOR AREAPercentage urbanRate of urbanization(percentage) 2006

Middle East............................................. 37.7%Africa...................................................... 32.3%Asia ........................................................ 39.8%Europe ................................................... 72.2%Latin America and the Caribbean........... 77.4%Northern America................................... 80.7%

Kuwait Residential Demand Model Kuwait will be in need for 400,000

keys for the coming 25 years. The population of Kuwait is 2 million people

If we assume the profit on each key is $65,000

Which means that total profit for the 25 years is $26,000,000,000.00

Per Year $1,040,000,000.00

Saudi Arabia Residential Demand Model

If the population of Kuwait is 2 m and the population of the kingdom is 24 m and Kuwait needs 400,000 keys over 25 years then the Saudi would need 4,800,000 m keys!!

Lets us take half of it 2,400,000 m keys over 25 years

Profit per key is $65,000 over 25 years Total profit is $156 b and yearly $6.24

b

The Business of the Middle Eastern Governments is to Get Out Of Business

Solidere Ajman

Solidere Ajman

Solidere Ajman Masterplan

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