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 expanding, fueled by urbanization, foreign investment, government initiatives, and increasing demand for housing.
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UAE Residential Real Estate Market Trends and Drivers:
- Significant Growth Drivers: The UAE residential real estate market is experiencing substantial growth due to rapid urbanization, population increases, and a strong government focus on infrastructure development.
- Surging Demand: There is a surge in demand for residential properties, fueled by an influx of foreign residents and industrial expansion in key cities like Abu Dhabi and Dubai.
- Government Initiatives: Programs such as long-term residency visas for investors and the Golden Visa program are stimulating foreign investment in the residential real estate sector.
- Tourism and Economic Diversification: The growth of tourism and efforts toward economic diversification, particularly in technology and finance, are increasing housing demand in urban centers.
- Trends Toward Sustainability: There is a rising preference for sustainable and smart homes, driven by environmental awareness and a desire for energy efficiency.
- Innovative Development: Developers are incorporating green building practices, smart technologies, and modern designs to attract eco-conscious buyers.
- Post-Pandemic Changes: The increase in remote work is leading to higher demand for larger homes and properties with outdoor spaces.
- Growth in Housing Segments: Both luxury and affordable housing segments are experiencing growth, with expectations of continued upward momentum in the market.
- Supportive Policies: Ongoing innovation and favorable government policies are anticipated to support the continued growth of the UAE residential real estate market.
UAE Residential Real Estate Industry Segmentation:
The market report offers a comprehensive analysis of the segments, highlighting those with the largest UAE Residential Real Estate market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.
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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