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The commercial property market in the UK is set to see increase in investment from the GCC, with an anticipated value exceeding US$4 billion (Dh14.69 billion) annually which will grow further in the next 12 months. The growth is attributed to Gulf nationals’ investment interest in the living sector, including retirement living, private rental schemes, co-living, and purpose-built student accommodation. The Bank of London and The Middle East (BLME), a Sharia’a compliant bank based in London has revealed findings tracking GCC investment into UK real estate in its latest report,
US$2 trillion investment in sustainable construction can reduce emissions by 50-60 percent as the MENA region envisions the establishment of mega-projects in new ‘built environments’ by 2035. The findings are based on the latest research by Strategy& Middle East, part of the PwC network, and the planning, design, management and consultancy, Dar. Mega-projects like Saudi Arabia’s NEOM futuristic city and Qatar’s Lusail entertainment city will play a pivotal role towards achieving net zero emissions goals through sustainable development.
