GCC records 162% surge in property ownership by Gulf citizens
Property ownership by GCC citizens in fellow member states reached 17,900 cases, a 162% increase since 2007, reflecting growing regional investment.
Key Takeaways
AIIn a sign of growing cross-border investment and deepening Gulf citizenship, the Gulf Cooperation Council (GCC) recorded 17,900 cases of property ownership by citizens in other member states, marking a 162.1% increase compared to 2007.
In a statement on its X platform account, the GCC said these figures reflect ongoing progress in shared economic rights and the increasing benefit citizens are gaining from investment opportunities across the region.
The GCC noted that regional integration helps stimulate investment, enhance stability, and broaden opportunities for citizens to take advantage of economic benefits in member countries.
The council emphasized that continued development of joint Gulf initiatives will support a more prosperous future and strengthen economic and social integration among the region’s peoples.
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