UAE Property Market Outlook Size, Trends, Share, industry Analysis, Demand & Growth Opportunity, Regional Outlook & Forecast 2017-2025

Market Overview

At the beginning of the 2018, the UAE property market has witnessed a decline in sale prices, which averaged about 9.6% across all submarkets. The hospitality sector which is one of the most attractive sectors in the region has witnessed hotel occupancy down by -1.4% in 2018, although the hospitality sector performance is still strong in a global context. Various offers from real estate companies in UAE aims to encourage investment and to pour interest in the emirate’s real estate sector is likely to impel the UAE property market growth in coming years. Moreover, developers are taking more aggressive and imaginative approach to grabbing the deals and getting significant presales off the ground amid growing competition and fear of a downturn in the UAE property market. According to Goldstein Research, amid declining oil prices, milestone such as Expo 2020 and the introduction of VAT will play an important role in improving the UAE’s property market.

Goldstein Research analyst forecast the UAE property market to grow at a CAGR of 7.4% during the forecast period 2017-2025. Further, the UAE property market accounted for USD 74.3 billion in 2017 which is likely to reach USD 132.5 Billion by the end of 2024 attributed to the growing tourism and rising foreign investment in the real estate sector.    

UAE Property Market Segmentation

By Property Type

• Residential Land
• Apartment
• Hotel
• Industrial
• Office
• Retail

By Ownership Type

• Buy
• Rental

By Investor Type

• Equity / Institutional funds Private
• Unlisted companies
• REITs / Listed companies
• Occupier
• Unknown
• Cross-Border

Based on the ownership type, buyers segment accounted for the largest market share of more than 62% in 2016, but average property prices in UAE have dropped by +1% in the same year. On the other hand, the rental property industry is the fastest-growing segment owing to continuous declining rental prices of residential and hotel properties.

Covered in this UAE Property Market Report

The report covers the present ground scenario and the future growth prospects of the UAE property market for 2017-2025 along with the total revenue of the real estate sector in every region. We calculated the market size and revenue share on the basis of revenue generated per segment and region on the country level. The revenue forecast is given on the basis of a number of real estate developers and the current growth rate of the market

UAE Property Market Outlook 2016-2024, has been prepared based on in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the UAE property market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. UAE property market report also recognizes value chain analysis to understand the cost differentiation to provide a competitive advantage to the existing and new entry players. Emaar, Damac Properties, Nakheel Properties, Deyaar, Union Properties, Ras Al-Khaimah Properties (RAK Properties), Meeras Development, Aldar Properties, Dubai Properties, Jabal Omar Development Co, United Development Company, Wasl Asset Management Group (Wasl Properties), Arenco Real Estate, Ezdan Holding, Barwa and Talaat Moustafa Group Holding.

According to our UAE property market study on the basis of extensive primary and secondary research, one major trend in the market is the declining prices of rental apartments and villa in UAE, which is likely to impel the growth of the property rental industry in the region. Affordable villas in Dubai continue to be the hottest property in the UAE.

According to the report, a major driver in the UAE property market is the growing transaction value and investment in UAE’s real estate sector, which has resulted in the number of new development projects in UAE’s property market. Dubai is present, perceiving increasing interest from international investors, which has reinforced confidence in the UAE’s real estate sector and its future prospects.

Further, the report states that one challenge in the UAE property market is volatility in oil prices. UAE is an oil-based economy and declining crude oil prices poses challenges for the growth of a country’s real estate market as the government faces declining property prices.

Geographically, Dubai accounted for the highest revenue share in the UAE property market with around market share closely followed by Abu Dhabi. Dubai is likely to maintain its dominance in the UAE real estate sector owing to the growth of tourism and increasing demand for office spaces during the forecast period.   

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this UAE property market report

• What is the total market size by 2024 and what would be the expected growth rate of the market?
• What is the total market size per segment and region in 2015-16 and what would be the expected market size per segment and region over the forecast period?
• What are the key market trends?
• What are the factors which are driving this market?
• What are the major barriers to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities for the existing and entry-level players?
• What are the recent developments and business strategies of the key players?

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