United Arab Emirates Residential Real Estate Market Size (2024 - 2029)

UAE Residential Real Estate Market Analysis

The UAE residential real estate market is poised to register a CAGR of more than 8% during the forecast period, 2022-2027.

The residential real estate market came to a halt as a result of the COVID-19 pandemic, as the government implemented lockdowns and citizens were forced to stay at home. Nonetheless, UAE residential property prices are set to continue rising in 2022, driven by supportive economic reforms and an accelerated vaccination program that has helped to hasten a rebound from the coronavirus-induced slowdown, according to experts.

The UAE residential property market, which softened due to a three-year oil price slump that began in 2014 over oversupply concerns and the ensuing pandemic, has turned a page and is recovering as people move to larger homes with outdoor amenities amid a surge in remote working and online learning. In addition, economic support measures and government initiatives, such as residency permits for those who have retired and remote workers, in addition to the expansion of the 10-year golden visa program, have also helped to improve market sentiment.

Following the pandemic, there was an immediate decrease in demand for retail office spaces, as well as residential real estate. However, moving into the following years, there has been a strong reversal of this trend. In recent years, the UAE government has opened up the real estate market for expats to a larger extent, allowing for more investments. The concept of both a five-year and a ten-year residency visa has been introduced, which can be acquired through real estate investments.

UAE Residential Real Estate Industry Segmentation

The UAE residential real estate market report provides insights with an overview of the economy and the market, the impact of the COVID-19 pandemic on the market, real estate buying trends - socioeconomic and demographic insights, government initiatives, regulatory aspects for the residential real estate sector, insights into the size of real estate lending and loan to value trends, focus on technology innovation, startups and proptech in real estate, demand and for supply of residential real estate in the UAE and key cities, insights into rental yields in the real estate segment, insights into capital market penetration and REIT, insights into affordable housing support provided by the government and public-private partnerships, and market dynamics, among others. The report also presents in-depth impact of COVID-19 in the short term and long term.

The report also covers qualitative and quantitative information on segments by type (apartments/condominiums and villas/landed houses) and key cities (Dubai, Abu Dhabi, and Sharjah). Additionally, the report also provides company profiles to understand the competitive landscape of the market.