GCC real estate market is the fastest growing in the world
posted on
Mar 23, 2007 12:12PM
The Gulf Cooperation Council’s (GCC) retail real estate market is the
fastest growing in the world, with more than 16.35 million square
metres (m²) of Gross Leasable Area (GLA) expected to be completed by
2010. The
increase represents a massive 565 percent growth in the available GLA
found in the region since 2000, up from 2.46 million m² at the start of
the millennium.