A poll taken by Sama Dubai ^[1] (a Dubai real estate developer) at the MIPIM Asia expo in Hong Kong ^[2] had the following interesting Asian property stats:

• The predicted potential growth prospects in India were the highest at 38 per cent due to a residential housing shortage of 60 million units & development of 4.3 million square metres of commercial property in the next 24 months. The hotspots cities identified were Chandigarh ^[3], Chennai ^[4] and Kolkata ^[5].
• At second place was the GCC ^[6] (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia & UAE) with an anticipated growth rate of 34 per cent
• Coming at the third place was China with an expected real estate growth rate of 28 per cent (and a forecasted economic growth of 9.9 per cent by the World Bank)
• Other strong growth prospects were in Hong Kong, Singapore, Korea, Malaysia and Taiwan

Asian countries currently attracting the highest foreign direct investment:

China – 35 per cent
India – 33 per cent
Japan – 12 per cent
GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia & UAE) – 12 per cent
Australia – 6 per cent
Korea – 2 per cent

Top three key factors for international real estate investment decision making:

1. Market conditions
2. Micro and macro economic factors and
3. Rental prospects

The commercial property price growth in Dubai from 2004 to 2006 was 200 per cent.

Read the full article here ^[7]