Residential Real Estate Market in UAE 2024:
How Big is the UAE Residential Real Estate Industry?
The UAE residential real estate market size is projected to exhibit a growth rate (CAGR) of 5.30% during 2024-2032. The market is driven by economic recovery, population growth, and increasing demand for luxury and affordable housing.
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Growth Rate: 5.30% (2024-2032)
UAE Residential Real Estate Market Trends and Drivers:
The UAE residential real estate market is rapidly expanding, fueled by strong economic growth, urbanization, and government initiatives to diversify the economy beyond oil. Major investments in infrastructure and real estate projects, such as the Dubai 2040 Urban Master Plan, are focused on creating sustainable urban environments and improving living standards. The market is further supported by a growing expatriate population and an influx of foreign investors attracted by favorable policies, including long-term visas and 100% foreign ownership in specific sectors. Additionally, there is increasing demand for luxury residential properties, with affluent buyers seeking high-end homes featuring modern amenities.
Key trends in the UAE residential real estate market include a strong emphasis on sustainability and smart home technologies. New developments are increasingly incorporating advanced features like home automation systems and IoT devices to attract tech-savvy buyers. The COVID-19 pandemic has also driven demand for larger living spaces and properties with outdoor areas, as remote work becomes more prevalent. Additionally, the rise of e-commerce has led to higher demand for properties with convenient access to retail and logistics hubs. These trends and shifting market dynamics are expected to continue driving the growth of the UAE residential real estate market in the coming years.
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UAE Residential Real Estate Industry Segmentation:
The report has segmented the market into the following categories:
Type Insights:
Condominiums and Apartments
Villas and Landed Houses
Regional Insights:
Dubai
Abu Dhabi
Sharjah
Others
Top Players Analysis:
The report provides a detailed analysis of the competitive environment. It covers various aspects such as market structure, positioning of key players, top strategies for success, a competitive dashboard, and a company evaluation quadrant. Furthermore, the report includes comprehensive profiles of all major companies.
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Other Key Points Covered in the Report:
COVID-19 Impact on the Market
Porter's Five Forces Analysis
Strategic Recommendations
Market Dynamics
Historical, Current and Future Market Trends
Market Drivers and Success Factors
SWOT Analysis
Value Chain Analysis
Comprehensive Mapping of the Competitive Landscape
Top Winning Strategies
Recent Industry News
Key Technological Trends & Development
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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