London, The real estate market boom in the Middle East is not only confined to the GCC states but also to emerging markets such as Jordan and Turkey. In Jordan, for instance, according to Global Research in Kuwait, real estate constituted 4.5% of GDP in 2005, and has attracted a growing portfolio of regional and international investments over the last few years.
A major feature of the real estate market is Islamic real estate
financing and investment, which over the last few years has
emerged as an exciting new component of the regional and global
realty sector. This has driven cutting edge innovations in real
estate structures in Sukuk (Islamic bonds or trust
certificates); asset securitization; construction finance such
as Parallel Istisna; social housing; mortgages; and REITs.