UAE Residential Real Estate

Executive Summary

Over the past decade, UAE has witnessed rapid economic development and demographic changes. High economic growth of the region resulted in influx of expatriates, which in turn increased the total population of UAE. High population growth coupled with rise in per capita income fuelled the demand for UAE residential real estate over the past decade. Even though the onset of global financial crisis in 2008 led to the decline in the real estate activity in the UAE, UAE residential real estate markets rebounded to stable state due to efforts of governments after 2011. The demand for residential units in UAE, especially in Abu Dhabi and Dubai is expected to increase till 2018. The supply of residential units in UAE is not anticipated to meet the demand till 2020. The residential real estate property's future outlook is likely to remain stable.

The report provides details about the types, share and size of UAE residential real estate property. The report analyses the growth drivers, the challenges faced by the residential sector in UAE and the need for more affordable homes in the country in future. The various factors affecting the demand and supply of residential units in affordable and premium segments are analysed. The major players in UAE, namely, Emaar Properties, Aldar Properties, Damac Properties, Union Properties, Deyaar Development, Eshraq Properties and RAK Properties are analysed in detail.