Oriente Medio retoma la senda alcista
The real estate industry in the Gulf region has seen a pick-up in hiring activity in the last quarter as confidence returns to the sector, property recruitment firm Macdonald and Company has said.
A preview to its Middle East Salary Guide, which is scheduled to be launched in February 2013, showed that there was "renewed optimism and confidence that the region is faring better compared to Europe".
The company said several large Dubai developers and government institutions have been searching for senior individuals, adding that "it seems that there is a real willingness to look forward, plan and budget for new staff appointments".
It added that employers in the region are now being "very selective about their new hires" and are "keen to bring in new expertise from outside the region again".
Some Abu Dhabi developers are also active in hiring, although the employment market in the UAE capital remained steady ahead of the proposed Sorouh and Aldar merger.
It added that industry experts are also looking into the impact of the decree requesting Abu Dhabi government employees to reside in Abu Dhabi and how this will affect rents, salaries and lifestyles.
According to various reports, residential sales and rents in Dubai are showing increases this year for well finished and well located properties.
The real estate market is recovering from a dramatic crash during the global economic crisis in 2008-09 when prices fell up to 60 percent from their peak.
Macdonald and Company said the other main generators of hiring activity in real estate markets were in Saudi Arabia and Qatar.
"Saudi Arabia is by far the largest market but still proves very challenging to recruit into due to strict nationalisation policies," the company said.
It added that Qatar "has an air of expectancy" surrounding the World Cup but has yet to really move forward.
Other regions in the Arab World that used to be active – such as Syria, Yemen, Egypt and Libya – have remained off limits as the Arab Spring plays out, it said.
"Professionals remain very attracted to the region for financial, career and family reasons, particularly when compared to current available opportunities in the UK, Europe and the US, the report added.
"The current situation is definitely improving and we expect that the Gulf States will continue to achieve significant GDP growth compared to other Western economies as the year progresses."
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Parece que toda la zona esta tomando la senda alcista de nuevo, y no es solo puntual que la inmobiliaria sube en algunas zonas, si no hay problemas belicos en la zona, yo creo que en inmobiliaria puede ser una zona muy prometedora despues de algunas zonas de Africa.
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