Residential Real Estate Market-UAE
Market Statistics
Base Year: 2023
Historical Years: 2018-2023
Forecast Years: 2024-2032
Market Size in 2023: USD 34.9 Billion
Market Size in 2032: USD 55.6 Billion
Market Growth Rate (CAGR) 2024-2032: 5.30%
According to IMARC Group's report titled "UAE Residential Real Estate Market Report and Forecast 2024-2032," the market reached USD 34.9 billion in 2023. Looking forward, IMARC Group expects the market to reach USD 2,546 billion by 2032, exhibiting a growth rate (CAGR) of 9.8% during 2024-2032. The market is growing, driven by increasing demand, government initiatives, and foreign investments in property development.
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UAE Residential Real Estate Market Trends and Drivers:
- Significant Growth: The UAE residential real estate market is experiencing substantial growth due to rapid urbanization, population increases, and a strong government focus on infrastructure development.
- Increased Demand: Demand for residential properties has surged, driven by an influx of foreign residents and industrial expansion in major cities like Abu Dhabi and Dubai.
- Government Initiatives: Programs such as long-term residency visas for investors and the Golden Visa have encouraged foreign investment in the sector.
- Tourism and Diversification: Growth in tourism and economic diversification efforts, particularly in technology and finance, are boosting housing demand in urban areas.
- Sustainability Trends: There is a rising preference for sustainable and smart homes, influenced by increased environmental awareness and the demand for energy efficiency.
- Developer Response: Developers are incorporating green building practices, smart technologies, and innovative designs to attract eco-conscious buyers.
- Post-Pandemic Changes: Changes in work habits, including the rise of remote work, have created a demand for larger homes with outdoor space.
- Market Segments: Both luxury and affordable housing segments are experiencing growth.
- Future Outlook: The UAE residential real estate market is expected to maintain its upward momentum in the coming years, supported by ongoing innovation and favorable government policies.
UAE Residential Real Estate Industry Segmentation:
Our comprehensive UAE residential real estate market outlook reflects both short-term tactical and long-term strategic planning. This analysis is essential for stakeholders aiming to navigate the complexities of the market and capitalize on emerging opportunities.
Type Insights:
- Condominiums and Apartments
- Villas and Landed Houses
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
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Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
Key highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
About Us:
IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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