UAE Real Estate Market, By Property Type (Residential, Commercial, Others); By Service (Property Management, Valuation Services, Others (Advisory Services, Leasing), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
UAE Real Estate Market Size Booming at Significant CAGR of 7.04% to Surpass Whopping USD 1.08 Trillion by 2030
UAE Real Estate Market is flourishing because of the government's significant investments in building transportation networks, logistics, and distribution and development of sustainable and smart homes.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE Real Estate Market size at USD 704.25 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the UAE Real Estate Market size to expand at a CAGR of 7.04% reaching a value of USD 1,082.51 billion by 2030. An increasingly high demand for housing due to population growth and increased building of residential and commercial space are two major growth drivers for the UAE Real Estate Market. Furthermore, the expansion of the UAE Real Estate Market is influenced by the strong spending power of UAE customers.
Opportunity - Integration of technology in real estate sector
Real estate companies are increasingly leveraging advanced technologies, such as blockchain, analytics, and AI automation, to improve their offerings and operational efficiency. Blockchain technology, for instance, is increasingly being used to confirm encrypted transactions and guarantee that financial records have not been tampered with. As a result, various technology companies are launching platforms and apps that specifically cater to the needs of the real estate sector. For instance, Huspy, a property technology company based in the UAE, secured funding to develop a SuperApp for real estate that will focus on revolutionizing property buying in the MENA region.
UAE Real Estate Market
Segmental Coverage
UAE Real Estate Market – By Service
Based on service, the UAE Real Estate Market is segmented into property management, valuation services, and other services (advisory services and leasing). The property management segment dominates the UAE Real Estate Market. They serve as liaisons between the landlord and the tenant and take care of several duties, including bookkeeping, tax preparation, upkeep of the property, legal compliance, and tenant screening. The growing demand for housing in the country is driving market expansion, necessitating the need for property management to oversee these operations.
Competitive Landscape
Major players operating in the UAE Real Estate Market include Emaar Properties, Nakheel, Dubai Holding Real Estate (Meraas/Dubai Properties), Sobha Group, Nshama, DAMAC Properties, Al Futtaim Group Real Estate, Azizi Developments, Ellington Properties, and Danube Properties.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the UAE Real Estate Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the UAE Real Estate Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
- 1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
- 2. Executive Summary
- 3. UAE Real Estate Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Strategic Development Initiatives
- 3.2.1.2. Dubai's Growing and Stable Economy
- 3.2.1.3. Government Policies and Regulations
- 3.2.1.4. The Government's Significant Investments in Transportation Networks, Logistics, and Distribution
- 3.2.2. Restraints
- 3.2.2.1. Complexity of Diverse Regulatory Frameworks across Different Emirates
- 3.2.2.2. Oversupply in the Real Estate Market can lead to Declining Prices
- 3.2.2.3. Intense Competition Among Developers and Investors in the UAE Real Estate Market
- 3.2.3. Opportunities
- 3.2.3.1. Development of Sustainable and Smart Homes
- 3.2.3.2. Shift Towards more Affordable Housing Options
- 3.2.3.3. Investor-friendly Policies
- 3.2.4. Challenges
- 3.2.4.1. Staying Relevant to Marketing and Technology
- 3.2.4.2. Complex Government Regulations and Policies
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter’s Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
- 4. UAE Real Estate Market: Marketing Strategies
- 5. UAE Real Estate Market Overview
- 5.1. Market Size & Forecast, 2019–2030
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share and Forecast
- 5.2.1. By Property Type
- 5.2.1.1. Residential
- 5.2.1.1.1. Apartments
- 5.2.1.1.2. Condominiums
- 5.2.1.1.3. Villas
- 5.2.1.1.4. Landed Houses
- 5.2.1.2. Commercial
- 5.2.1.2.1. Office Spaces
- 5.2.1.2.2. Retail Outlets
- 5.2.1.2.3. Industrial Real Estate
- 5.2.1.3. Other Property Types
- 5.2.1.3.1. Industrial
- 5.2.1.3.2. Hospitality
- 5.2.1.3.3. Others
- 5.2.2. By Service
- 5.2.2.1. Property Management
- 5.2.2.2. Valuation Services
- 5.2.2.3. Other Services (Advisory Services, Leasing)
- 6. Competitive Landscape
- 6.1. List of Key Players and Their Offerings
- 6.2. UAE Real Estate Market Share Analysis, 2023
- 6.3. Competitive Benchmarking, By Operating Parameters
- 6.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- 7. Impact of Escalating Geopolitical Tensions on UAE Real Estate Market
- 8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 8.1. Emaar Properties
- 8.2. Nakheel
- 8.3. Dubai Holding Real Estate (Meraas/Dubai Properties)
- 8.4. Sobha Group
- 8.5. Nshama
- 8.6. DAMAC Properties
- 8.7. Al Futtaim Group Real Estate
- 8.8. Azizi Developments
- 8.9. Ellington Properties
- 8.10. Danube Properties
- 8.11. Other Prominent Players
- 9. Key Strategic Recommendations
- 10. Research Methodology
- 10.1. Qualitative Research
- 10.1.1. Primary & Secondary Research
- 10.2. Quantitative Research
- 10.3. Market Breakdown & Data Triangulation
- 10.3.1. Secondary Research
- 10.3.2. Primary Research
- 10.4. Breakdown of Primary Research Respondents
- 10.5. Assumptions & Limitations
- *Financial information of non-listed companies can be provided as per availability.
- **The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
- List of Figures
- Figure 1 UAE Real Estate Segmentation
- Figure 2 UAE Real Estate Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2023
- Figure 4 UAE Real Estate Market Size, By Value (USD Billion), 2019–2030
- Figure 5 UAE Real Estate Market Share, By Property Type, By Value, 2019–2030
- Figure 6 UAE Real Estate Market Share, By Service, By Value, 2019–2030
- List of Tables
- Table 1 UAE Real Estate Market Size, By Value (USD Billion), 2019–2030
- Table 2 UAE Real Estate Market Share, By Property Type, By Value, 2019–2030
- Table 3 UAE Real Estate Market Share, By Service, By Value, 2019–2030
- Table 4 Emaar Properties Company Overview
- Table 5 Emaar Properties Financial Overview
- Table 6 Nakheel Company Overview
- Table 7 Nakheel Financial Overview
- Table 8 Dubai Holding Real Estate (Meraas/Dubai Properties) Company Overview
- Table 9 Dubai Holding Real Estate (Meraas/Dubai Properties) Financial Overview
- Table 10 Sobha Group Company Overview
- Table 11 Sobha Group Financial Overview
- Table 12 Nshama Company Overview
- Table 13 Nshama Financial Overview
- Table 14 DAMAC Properties Company Overview
- Table 15 DAMAC Properties Financial Overview
- Table 16 Al Futtaim Group Real Estate Company Overview
- Table 17 Al Futtaim Group Real Estate Financial Overview
- Table 18 Azizi Developments Company Overview
- Table 19 Azizi Developments Financial Overview
- Table 20 Ellington Properties Company Overview
- Table 21 Ellington Properties Financial Overview
- Table 22 Danube Properties Company Overview
- Table 23 Danube Properties Financial Overview
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