Real estate in Yemen’s Sanaa still thrives despite war
Despite the destruction in Yemen, land and residential prices are skyrocketing and the industry is becoming an attractive investment.
Seven years of war have severely disrupted Yemen’s business environment, causing the country and its people considerable economic loss.
The repercussions of the war in Yemen have spared no province or city, with the capital, Sanaa — among the most highly impacted since the start of the conflict in 2015 — having come under countless air raids.
But the city presses on and multiple businesses, including real estate, continue to expand. With land and residential prices skyrocketing, the industry is increasingly becoming an attractive investment opportunity in the densely populated city.
Fuad Abdu, a real estate broker and construction contractor in Sanaa, said the war had not ruined the real estate business, and land and house prices have continued to rise.
