Value of real estate deals in MENA drops in August
"Continuing from the trends witnessed toward the end of July 2012, real estate transactions in key MENA markets trended downwards in August 2012, owing to a seasonal slowdown and lower business activity levels due to Ramadan and Eid holidays, Kuwait Financial Center (Markaz) monthly report for September 2012 revealed Tuesday. Total value transacted in all reported markets combined moved downwards in August compared to the previous month. However, on a Y-o-Y basis, both number of transactions (-40.0 percent) and value transacted (-24.8 percent) declined Y-o-Y in Saudi Arabia, while Qatar & Kuwait witnessed Y-o-Y increases. "
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