UAE Residential Real Estate Market Outlook, Industry Size, Growth Factors, Investment Opportunities Till 2032
UAE Residential Real Estate Market Overview:
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 55.6 billion by 2032, exhibiting a growth rate (CAGR) of 5.30% during 2024-2032.
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UAE Residential Real Estate Market Trends and Drivers:
The UAE residential real estate market is experiencing significant growth, driven by rapid urbanization, population increases, and a strong government emphasis on infrastructure development. Demand for residential properties has surged, fueled by an influx of foreign residents and industrial growth in key cities like Abu Dhabi and Dubai. Government initiatives, such as long-term residency visas for investors and the Golden Visa program, have further encouraged foreign investment in the residential real estate sector. Additionally, the growth of tourism and efforts towards economic diversification, particularly in technology and finance, are boosting housing demand, especially in urban areas.
Emerging trends in the UAE residential real estate market include a growing preference for sustainable and smart homes, driven by increased environmental awareness and demand for energy efficiency. Developers are responding to these trends by incorporating green building practices, smart technologies, and innovative designs to attract buyers seeking eco-friendly and modern living spaces. Moreover, post-pandemic changes in work habits, such as the rise of remote work, have created demand for larger homes and properties with outdoor spaces. Both the luxury and affordable housing segments are seeing growth, and 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:
IMARCs report provides a deep dive into the UAE residential real estate market analysis, outlining the current trends, underlying market demand, and growth trajectories.
Type Insights:
- Condominiums and Apartments
- Villas and Landed Houses
Regional Insights:
- Dubai
- Abu Dhabi
- Sharjah
- Others
Competitive Landscape:
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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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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