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Why Affordable Housing Matters?

Affordable Housing Middle East Report by Jones Lang LaSalle
www.joneslanglasalle-mena.com

While there is currently a significant over-supply of upscale or luxury housing in many markets, there remains a shortage of more than 3.5 million affordable dwellings across the major markets in MENA.

Our latest report highlights that demand for affordable housing is forecast to increase ahead of supply in all the major markets over the next 5 years, resulting in a widening of the current gap. Delivering sufficient product to meet this growing need constitutes one of the major opportunities for the real estate industry in the region over the next few years.

About Jones Lang LaSalle

Jones Lang LaSalle (NYSE:JLL) is a financial and professional services firm specializing in real estate. The firm offers integrated services delivered by expert teams worldwide to clients seeking increased value by owning, occupying or investing in real estate. With 2010 global revenue of more than $2.9 billion, Jones Lang LaSalle serves clients in 70 countries from more than 1,000 locations worldwide, including 200 corporate offices. The firm is an industry leader in property and corporate facility management services, with a portfolio of approximately 1.8 billion square feet worldwide. LaSalle Investment Management, the company's investment management business, is one of the world's largest and most diverse in real estate with $47.9 billion of assets under management. Across the Middle East and North Africa, Jones Lang LaSalle is a leading player in the real estate market and hospitality services market. The firm has worked in 21 Middle Eastern and North African countries and has advised clients on more than US$ 200 billion worth of real estate, hotel and hospitality developments. Jones Lang LaSalle employs over 110 internationally qualified real estate and hotels professionals of 30 nationalities with regional offices in Dubai, Abu Dhabi, Riyadh, Jeddah and Cairo.

Strengths of the Coop Model and Advantages to Developers

A whitepaper by Douglas M. Kleine, CAE, discusses:

• How housing cooperatives in the U.S. are an opportunity to provide long-term stable homeownership for moderate income families
• What are the advantages to affordable housing developers .

Affordable Housing Development Report 2012 – Middle East update

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