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Published byGavin Foster Modified over 11 years ago
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What is Going On in the MENA Real Estate Market?
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PERCENTAGE URBAN BY MAJOR AREA Extremely Important Slide TABLE 3. PERCENTAGE URBAN BY MAJOR AREA Percentage urban Rate of urbanization (percentage) 2006 Middle East............................................. 37.7% Africa...................................................... 32.3% Asia........................................................ 39.8% Europe................................................... 72.2% Latin America and the Caribbean........... 77.4% Northern America................................... 80.7%
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Kuwait Residential Demand Model Kuwait will be in need for 400,000 keys for the coming 25 years. The population of Kuwait is 2 million people If we assume the profit on each key is $65,000 Which means that total profit for the 25 years is $26,000,000,000.00 Per Year $1,040,000,000.00
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Saudi Arabia Residential Demand Model If the population of Kuwait is 2 m and the population of the kingdom is 24 m and Kuwait needs 400,000 keys over 25 years then the Saudi would need 4,800,000 m keys!! Lets us take half of it 2,400,000 m keys over 25 years Profit per key is $65,000 over 25 years Total profit is $156 b and yearly $6.24 b
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The Business of the Middle Eastern Governments is to Get Out Of Business
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Solidere Ajman
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Solidere Ajman Masterplan
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Thank you
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