Uae Real Estate Market
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UAE Real Estate Market, By Property Type (Residential, Commercial, Others); By Service (Property Management, Valuation Services, Others (Advisory Services, Leasing), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: June 2024
- Report ID: BWC24449
- Available Format: PDF
- Page: 200
Report Overview
The government's significant investments in transportation networks, logistics, and distribution and development of sustainable and smart homes are expected to boost the growth of UAE Real Estate Market during the forecast period between 2024 and 2030.
UAE Real Estate Market - Industry Trends & Forecast Report, 2030
The UAE Real Estate Market size was estimated to be worth USD 704.25 billion in 2023. During the forecast period between 2024 and 2030, the UAE Real Estate Market size is projected to grow at a CAGR of 7.04%, reaching a value of USD 1,082.51 billion by 2030. Major growth factors for the UAE Real Estate Market include rising housing demand owing to the increasing population and the expanding construction of residential and commercial spaces. In addition, the high purchasing power of UAE consumers also influences the growth of the UAE Real Estate Market.
Real Estate – Overview
Real estate is the land plus any improvements, whether natural or man-made, permanently affixed to the property, such as homes. It is suitable for commercial, industrial, and domestic applications. The five primary categories of real estate are raw land, commercial, industrial, residential, and special use. Real estate professionals, such as realtors or real estate agents, frequently assist in the purchasing, selling, and leasing properties within the real estate market. These experts guide people and organizations through the intricacies of the real estate transaction process.
UAE Real Estate Market
Growth Drivers
Increasing Foreign Direct Investments
The UAE real estate market is attracting foreign direct investment (FDI), which is emerging as the major driving factor for market growth. According to the data by the Abu Dhabi Real Estate Centre (ADREC), the UAE's capital, Abu Dhabi, alone attracted USD 493 million in FDI in the real estate sector in the first quarter of 2024. The major investments came from India, China, Jordan, Canada, and Russia. The rising demand for residential as well as commercial spaces, such as office property, is witnessing lucrative demand in the market, which is anticipated to drive the UAE Real Estate Market during the forecast period.
Challenges
High Capital Investments
A significant drawback of real estate investing is the substantial initial investment. To begin the business, customers and industry participants must supply funds for down payments, EMIs, insurance, property taxes, stamp duty, and other expenses. The high cost of transactions makes it difficult to identify buyers and sellers quickly, which limits the expansion of the UAE Real Estate Market.
UAE Real Estate Market
Segmental Coverage
UAE Real Estate Market – By Property Type
Based on property type, the UAE Real Estate Market is segmented into Residential, Commercial, and others. The residential segment is further divided into apartments, condominiums, villas, and landed houses. The commercial segment is further segmented into office spaces, retail outlets, and industrial real estate. The other property types segment includes industrial, hospitality, and others. The residential segment holds the largest share of the UAE Real Estate Market. The segment's growth is mainly attributed to rising housing demand, particularly among millennials. However, the commercial segment also covers a substantial market share owing to the increase in the tourism sector.
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.
Recent Developments
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In June 2024 – Vision Developments, a building construction company based in Dubai, launched two new projects, Karma and Platinum, in Liwan to boost the UAE Real Estate Market.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Billion |
Product/ Service Segmentation |
Property Type, Service |
Key Players |
Emaar Properties, Nakheel, Dubai Holding Real Estate (Meraas/Dubai Properties), Sobha Group, Nshama, DAMAC Properties, Al Futtaim Group Real Estate, Azizi Developments, Ellington Properties, Danube Properties |
By Property Type
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Residential
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Apartments
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Condominiums
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Villas
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Landed Houses
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Commercial
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Office Spaces
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Retail Outlets
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Industrial Real Estate
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Other Property Types
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Industrial
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Hospitality
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Others
By Service
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Property Management
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Valuation Services
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Other Services (Advisory Services and Leasing)
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- UAE Real Estate Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Strategic Development Initiatives
- Dubai's Growing and Stable Economy
- Government Policies and Regulations
- The Government's Significant Investments in Transportation Networks, Logistics, and Distribution
- Restraints
- Complexity of Diverse Regulatory Frameworks across Different Emirates
- Oversupply in the Real Estate Market can lead to Declining Prices
- Intense Competition Among Developers and Investors in the UAE Real Estate Market
- Opportunities
- Development of Sustainable and Smart Homes
- Shift Towards more Affordable Housing Options
- Investor-friendly Policies
- Challenges
- Staying Relevant to Marketing and Technology
- Complex Government Regulations and Policies
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- UAE Real Estate Market: Marketing Strategies
- UAE Real Estate Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Billion)
- Market Share and Forecast
- By Property Type
- Residential
- Apartments
- Condominiums
- Villas
- Landed Houses
- Commercial
- Office Spaces
- Retail Outlets
- Industrial Real Estate
- Other Property Types
- Industrial
- Hospitality
- Others
- Residential
- By Service
- Property Management
- Valuation Services
- Other Services (Advisory Services, Leasing)
- By Property Type
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- UAE Real Estate Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on UAE Real Estate Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- Emaar Properties
- Nakheel
- Dubai Holding Real Estate (Meraas/Dubai Properties)
- Sobha Group
- Nshama
- DAMAC Properties
- Al Futtaim Group Real Estate
- Azizi Developments
- Ellington Properties
- Danube Properties
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 UAE Real Estate Segmentation
Figure 2 UAE Real Estate Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 UAE Real Estate Market Size, By Value (USD Billion), 2019–2030
Figure 5 UAE Real Estate Market Share, By Property Type, By Value, 2019–2030
Figure 6 UAE Real Estate Market Share, By Service, By Value, 2019–2030
List of Tables
Table 1 UAE Real Estate Market Size, By Value (USD Billion), 2019–2030
Table 2 UAE Real Estate Market Share, By Property Type, By Value, 2019–2030
Table 3 UAE Real Estate Market Share, By Service, By Value, 2019–2030
Table 4 Emaar Properties Company Overview
Table 5 Emaar Properties Financial Overview
Table 6 Nakheel Company Overview
Table 7 Nakheel Financial Overview
Table 8 Dubai Holding Real Estate (Meraas/Dubai Properties) Company Overview
Table 9 Dubai Holding Real Estate (Meraas/Dubai Properties) Financial Overview
Table 10 Sobha Group Company Overview
Table 11 Sobha Group Financial Overview
Table 12 Nshama Company Overview
Table 13 Nshama Financial Overview
Table 14 DAMAC Properties Company Overview
Table 15 DAMAC Properties Financial Overview
Table 16 Al Futtaim Group Real Estate Company Overview
Table 17 Al Futtaim Group Real Estate Financial Overview
Table 18 Azizi Developments Company Overview
Table 19 Azizi Developments Financial Overview
Table 20 Ellington Properties Company Overview
Table 21 Ellington Properties Financial Overview
Table 22 Danube Properties Company Overview
Table 23 Danube Properties Financial Overview
Market Segmentation
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