Institutional investments in the real estate sector touched a five-year low in 2023 because of a cautious approach by foreign investors amid global macroeconomic uncertainty. However, domestic investors increased their share to 35% in 2023, while foreign investors' share decreased due to the macroeconomic slowdown. Investments from domestic investors more than doubled to USD 1.5 billion in 2023, a 120% increase in value over the previous year.
