Arab Today, arab today mena faces shortage of 35m affordable homes
Last Updated : GMT 03:58:49
Arab Today, arab today
Arab Today, arab today

Mena faces shortage of 3.5m affordable homes

Arab Today, arab today

Arab Today, arab today Mena faces shortage of 3.5m affordable homes

Dubia - Qna

The Middle East and North Africa region MENA is facing a shortage of 3.5 million affordable homes, with the biggest undersupply in Egypt, Iraq, Morocco and Saudi markets a major challenge, given that this is one of the reasons behind the political turmoil in the Arab world, a Jones Lang Lasalle report said. Egypt requires 1.5 million affordable homes, Iraq one million, Morocco 600,000 and Saudi 400,000 homes.There is also a need for affordable housing in the UAE, Bahrain and Oman , the report said, according to Gulf News. Demand is forecast to overtake supply in the next five years, widening the current gap even further, the report said. 

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