With 2020 behind us and COVID-19 slowly loosening its grip on society and the economy, real estate players in the Gulf Cooperation Council (GCC) region must now take the necessary steps to understand and thrive in the emerging post-pandemic landscape.
Many in the real estate industry saw serious losses over the last year, especially those invested in sectors that depend on human densification, social interaction, and travel. But, as vaccines make their way into arms and restrictions are gradually lifted, there’s a resurgence underway, and the sectors that suffered the most are, in many cases, leading the recovery.
While there will likely be setbacks and fluctuations in the coming months, the case for optimism is real. Those who observe carefully and act decisively could very well flip last year’s losses into major wins in 2021.
Our viewpoint, Real Estate 2021: From Pandemic Laggard to Recovery Leader, offers an actionable roadmap for navigating the post-pandemic world in the near term and beyond. In it, we share key observations on how the GCC’s savviest regional players are rethinking their business models, embracing new conditions, and acting boldly to succeed and flourish in the new normal.