31 Oct - 2 Nov 2019   |  11 am - 8 pm
ADNEC, Abu Dhabi

UAE Real Estate Forecast – An Overview

Property Market Trends – Real estate prices have been rising steadily in the emirate following the UAE's strong economic growth during the last few months.

Recovery: The market has repaid investor confidence. Real estate transactions in the emirate were up 63 per cent year-on-year in the first quarter of 2013, reaching $12 billion (Dh44.08 billion).

Key findings of the Real Estate Forecast

AN INCREASING SUPPLY:The real estate sector in the United Arab Emirates (UAE) has witnessed signs of recovery after the impact of the global economic crisis. The UAE investors maintained their leading position in the region in transactions especially in terms of the sale and purchase of properties not only from the region, but across the globe. The Abu Dhabi real estate market was undersupplied with the demand exceeding supply in three sectors of the market (residential, commercial and retail).

LINKS TO OTHER EMIRATES:Given their close physical proximity and increased economic integration, future demand levels in Abu Dhabi will also be inextricably linked to trends in the Dubai market. This is expected to be most closely felt in the residential sector, where continued increase in residential rental levels in Dubai could shift the residential demand curve for the Abu Dhabi market in 2014.

AN INCREASING DEMAND:Demand for real estate will increase ranging from 2.4% per annum in the retail sector to 9.9% per annum in the hotel sector. In addition to the growth in the underlying demographic and economic drivers, this increased demand for the real estate reflects the significant level of latent demand resulting after the recovery of recession and the inadequate availability of real estate stock in UAE.