The Middle East Region’s emersion as a property investment market grew from the desire of the local governments to implement strategies of transitioning their oil based wealth to a more diversified and sustainable economy. Towards this end many of the sheikdoms that make up the countries in the Middle East have and are continuing to spend vast sums of money to boost their tourism infrastructure and investing large amounts in hotels, luxury villas and vacation communities.
 
The main strength of the Middle East region’s growth was due to the vast amounts of liquidity that the governments possess due to the high oil pricing that existed until early 2009.

The Middle East is not immune to the current global financial situation and of course, several destinations have felt the crunch, however, the fundamentals behind the growth in the beginning still exist today. Therefore, the current decrease in prices in certain areas equates to an opportunity for savvy investors to take full advantage and purchase property at a large discount from prices in the first half of 2008.
 
Cash, it has been said, is no longer king…it is now a God! That being the case, there is little doubt that the Middle East will return from the downturn that it is currently experiencing. Indeed certain areas in the Middle East simply had to redistribute a portion of their profits into supporting their plans.