UAE Real Estate Market Size Booming at Significant CAGR of 7.04% to Surpass Whopping USD 1.08 Trillion by 2030

Published | 19 June 2024

UAE Real Estate Market is flourishing because of the government's significant investments in building transportation networks, logistics, and distribution and development of sustainable and smart homes.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE Real Estate Market size at USD 704.25 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the UAE Real Estate Market size to expand at a CAGR of 7.04% reaching a value of USD 1,082.51 billion by 2030. An increasingly high demand for housing due to population growth and increased building of residential and commercial space are two major growth drivers for the UAE Real Estate Market. Furthermore, the expansion of the UAE Real Estate Market is influenced by the strong spending power of UAE customers.

Opportunity - Integration of technology in real estate sector

Real estate companies are increasingly leveraging advanced technologies, such as blockchain, analytics, and AI automation, to improve their offerings and operational efficiency. Blockchain technology, for instance, is increasingly being used to confirm encrypted transactions and guarantee that financial records have not been tampered with. As a result, various technology companies are launching platforms and apps that specifically cater to the needs of the real estate sector. For instance, Huspy, a property technology company based in the UAE, secured funding to develop a SuperApp for real estate that will focus on revolutionizing property buying in the MENA region.

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UAE Real Estate Market

Segmental Coverage

UAE Real Estate Market – By Service

Based on service, the UAE Real Estate Market is segmented into property management, valuation services, and other services (advisory services and leasing). The property management segment dominates the UAE Real Estate Market. They serve as liaisons between the landlord and the tenant and take care of several duties, including bookkeeping, tax preparation, upkeep of the property, legal compliance, and tenant screening. The growing demand for housing in the country is driving market expansion, necessitating the need for property management to oversee these operations.

Competitive Landscape

Major players operating in the UAE Real Estate Market include Emaar Properties, Nakheel, Dubai Holding Real Estate (Meraas/Dubai Properties), Sobha Group, Nshama, DAMAC Properties, Al Futtaim Group Real Estate, Azizi Developments, Ellington Properties, and Danube Properties.

To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Don’t miss the business opportunity in the UAE Real Estate Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and the UAE Real Estate Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE Real Estate Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

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