Browse
related articles
Inter-GCC real estate ownership surged 51.5% last year
- Middle East: Sunday, December 23 - 2012 at 02:15
According to data by the GCC Secretariat General Information Centre-Statistical Department, the number of nationals and national corporate bodies of the GCC countries who bought up real estates in another GCC member, other than their home country, increased by 51.1% in 2011 to 16,107, Wam has reported. This takes the total such inter-GCC real estate ownerships to 93,767 by the end of 2011, compared with 77,804 by the end of the previous years. The UAE came first among GCC nations in terms of attracting nationals of other GCC nationals with 10,873 registered contracts (67.5%), followed by Oman with 3,364 registered contracts representing a 20.9% share, and Bahrain in third place with 1,189 contracts, the data showed.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
