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Riyadh, Saudi Arabia
The construction of a $320 million worth shopping mall in Riyadh will include retail units, eateries, boutique hotels and recreational areas.
This will clearly help to boost Riyadh’s commercial estate property and therefore will make direct impact on residential industrial properties as well.
Mexico City, Mexico
According to the various reports, there is very big chance of Mexico emerging as the seventh richest country in the world by 2025.
Mexico’s capital is experiencing a very rapid growth when considering real estate. This is mainly because mainly due to the foreign investments.
52 million square feet of modern office space will be completed over next 3 years.
Nairobi, Kenya
Startups and technology sectors are booming in Nairobi. It has become a hub for international cooperations that are seeking new opportunities in East Africa. Because of this reason, demand for commercial and residential markets are booming.
Industrial experts say that this will continue to grow in 2016.
Kandy, Sri Lanka
The budget for 2016 is greatly beneficial for international investments. Therefore it is expected to motivate the foreign investors to invest in the country’s growth and development outside Sri Lanka.
Sri Lanka’s first smart city Kandy is believed to attract number of international cooperations, entrepreneurs and startups. Over the next 12 months real estate industry of the country will show an exponential growth.
The development of Colombo-Kandy expressway is a turning point which will immensely help to transform the city into a hub of activity.
Mandalay, Myanmar
Myanmar has a grand plan to attract 7.5 million tourists by 2020. Therefore, Mandalay- the second city of Myanmar is improving its infrastructure services.
However real estate market is in high demand. As the tourism industry shows a rapid growth, in order to meet the demand Mandalay will go through some significant changes which will make a direct impact on real estate market of the country.
Casablanca, Morocco
It has been evident from Cushman & Wakefield’s list of top emerging markets in the world that Casablanca is among the top 10 countries with the lowest risk to invest and open a business in real estate.
The city has already showed the potential to raise its name in tourism and business.
The Most Thriving Real Estate Markets in Developing Countries
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