The Growing Crisis of Affordable Housing in MENA
In July 2012, Ernst & Young Middle East and the Affordable Housing Institute organised and co-hosted the inaugural ‘Housing Markets and Policy Design in the Gulf Region’ workshop as part of the 3rd Gulf Research Meeting (GRM). Over the course of two days, housing policy makers, public and private sector developers, heads of financial institutions and housing specialists discussed in depth how best to address the crisis of affordable housing in MENA generally and the Gulf particularly. This workshop is the first of its kind, a neutral forum to present evidence-based MENA research, so that decision-makers in the region can have greater confidence in future housing policy design and implementation. The participants actively debated the benchmarking of global best practice in a MENA specific context, with the goal of creating a platform of empirical knowledge of the region’s housing systems. The resulting knowledge and insights provide a valuable overview of housing systems and their outcomes that can be readily used by policy makers and business leaders concerned with affordable housing in MENA. This paper is a result of those discussions.