Comparison of Residential Investment Potential between Cities of the Middle East and Africa

Aly Karam and Robert Simons

AfRES from African Real Estate Society (AfRES)

Abstract: Residential investment capital in the world is getting more liquid with the use of technology. The Middle East and North African (MENA) region has its allure in attracting upper-end residential investment from Casablanca to Dubai. Residential investment in Africa is also starting to pick up. This paper will use the Global Property Guide to examine different price and investment yield trends for the upper-end residential property in selected city across Africa and the Middle East. The data available is for the period between 2005 and 2010, although some countries only have data for 2009 and 2010. It is interesting to note the decline of the yield on investment compared over the past five years in most of the cities examined, although lower yields are not uniform. The MENA region and its sub-components, and African cities are compared to each other and to a baseline western market over place and time, holding productive type constant. Residential investment implications for the MENA region and Africa are set forth.

JEL-codes: R3 (search for similar items in EconPapers)
Date: 2011-08-01
References: Add references at CitEc
Citations:

Downloads: (external link)
https://afres.architexturez.net/doc/oai-afres-id-afres2011-117 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:afr:wpaper:afres2011_117

Access Statistics for this paper

More papers in AfRES from African Real Estate Society (AfRES) Contact information at EDIRC.
Bibliographic data for series maintained by Architexturez Imprints ().