UAE Real Estate Market is driven by the Rising Demand for Retail and Residential Spaces owing to Increased Expatriate Movement, Government’s Pro Real Estate Policies and Rising Foreign Direct Investments: Ken Research

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“Initiatives such as UAE central bank mortgage cap, approval of the Dubai Urban Planning Framework and consolidation of real estate players in Abu Dhabi helped in tightening control on real estate market conditions.”

Growth in the Tourism Sector: The country’s travel and tourism sector have emerged out to be the most developed and strongest non-oil services sector in recent years. During 2017, the direct contribution of travel and tourism to the overall GDP was approximately AED 68.5 billion which comes out to be 5.2% of the total GDP of UAE. The travel and tourism sector directly supported around 317,500 jobs in the UAE which is 5.4% of total employment during 2017-2018.

Rising FDI Investment: In order to improve the business environment in the UAE, the Government has allowed 100% ownership of business being set up in the free zones in the UAE. This had helped in boosting the confidence of investors in the UAE market and resulted in an increase in the inflow of human capital and foreign investments into the country which in turn has increased the demand for real estate spaces in the UAE.

UAE Vision 2021: In line with UAE Vision 2021 and the state’s rehabilitation plan for the post-oil era, the state-enforced policies to diversify the economy away from oil and transition into a highly productive and competitive knowledge economy. Investments in the construction of projects for the global event Expo 2020 such as the expansion of Abu Dhabi Airport in Abu Dhabi Emirate, expansion of Al Maktoum International Airport in Dubai and other railway and road infrastructure has contributed to the country’s real estate infrastructure growth.

Introduction of VAT: Introduction of Value Added Tax in the UAE had minimal effect on the residential real estate market, however; it has affected the retail and hotel sectors quite significantly. The landowners of the retail and hotel sector have found it difficult to pass on the tax amount to the tenants as a 5.0% rise in the rental rates will adversely affect the subdued market and therefore decided to absorb the tax amount among them.

The report titled UAE Real Estate Market Outlook to 2025 – By Office Real Estate Market (Premium, Type A, and Type B), By Retail Real Estate Market (Super-Regional Malls, Regional Malls, Community Centres, Neighborhood Malls, and Convenience Centres), By Residential Real Estate Market (Apartment and Villas), and By Hotel Real Estate Market (1-3 Star, 4 Star, 5 Star, and Hotels Apartments)” by Ken Research suggested that the real estate market in UAE will witness growth in each of its sub-segments. The government’s policies favoring the real estate market such as the UAE Vision 2021 and the introduction of Ejari with the dynamics of international companies migrating to the UAE due to the flexible operational system will elevate UAE’s Real Estate Market to greater heights. Dubai’s office market supply (in GLA), retail market supply (in GLA), residential market supply (in units) and hotel market supply (in total number of keys) is projected to grow by a CAGR of 3.2%, 4.8%, 8.1%, and 5.0% respectively over the forecast period 2018-2025.

Key Segments Covered:-

UAE Real Estate Market

By Geography:

Dubai

Abu Dhabi

Ajman

Sharjah

Fujairah

Umm-Al-Quwain

Ras-Al-Khaimah

UAE Office Real Estate Market

By Type:

Premium Office

Type A Office

Type B Office

UAE Retail Real Estate Market

By Type:

Super-Regional Mall

Regional Mall

Community Center

Neighborhood Center

Convenience Center

UAE Residential Real Estate Market

By Type:

Apartments

Villas

UAE Hotel Real Estate Market

By Type:

1-3 Star Hotels

4 Star Hotels

5 Star Hotels

Hotel Apartments (Deluxe/Superior/ Standard)

Key Target Audience

Real Estate Developers

Independent Investors

Real Estate Consulting Companies

Third-Party Real Estate Companies

Independent Architects

Industry Associations

Government Agencies

Time Period Captured in the Report:

Historical Period – 2013 – 2018

Forecast Period – 2019F – 2025F

Real Estate Developers Covered:

EMAAR Properties

DAMAC Properties

Nakheel Properties

Meraas

Aldar Properties

Manazel Real Estate

Aziz Developments

Case Studies Covered:

Sense-R (Virtual Reality)

Take Leap (Virtual Reality)

AirBnb (Shared Economy)

Property Finder

Bayut UAE

Abu Dhabi Mall

Yas Mall

Marriot International Group

Novotel Abu Dhabi

Surf, Abu Dhabi Creek Harbor

Emaar Business Park

Key Topics Covered in the Report:-

FDI in UAE Real Estate Market

Fujairah Real Estate Market

Future of UAE Real Estate Market

Industrial Real Estate Market in UAE

Major Co-Working companies UAE

Manazel Real Estate Market Growth in UAE

Meraas Projects and Recent Developments in UAE

Nakheel Properties Market Competitors

Northern Emirates Real Estate Market

UAE Real Estate Online Classifieds Business Model

Prop Tech Market Analysis UAE

Property Technology Providers UAE

For More Information On The Research Report, Refer To Below Link:-

UAE Real Estate Industry Research Report

Related Reports by Ken Research:-

Saudi Arabia Real Estate Market Outlook to 2025 – By Retail Real Estate Market (Super-Regional Malls, Regional Malls and Community Centre), By Hotel Real Estate Market (3 Star, 4 Star, 5 Star and Other Hotels), By Office Real Estate (Premium Offices Grade A and Grade B) and Residential Real Estate Market (Apartment, Villas, Traditional Houses and Others)

Australia Real Estate Market Outlook To 2023 – By Residential (Apartment & Villas), By Retail (Regional, Sub-Regional, Neighborhood, CBD, Large Format Retail And Others), By Office (Grade A, Grade B And Premium Offices) And By Hotel (3 Star, 4 Star, 5 Star And Other Hotels)

Singapore Real Estate Market Outlook to 2023 – By Residential Market (New Sales, Re-Sales and Sub-Sales), By Retail Market (Private and Public Retail Space), By Office Market (Private and Public Office Space) and By Hotel Market (Gazetted and Non-Gazetted Hotels)

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

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