UAE Residential Real Estate Market

Residential Real Estate Market in UAE by Types (Condominiums, Villas, and Others) and Geography (Dubai, Abu Dhabi, and Sharjah) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028.

  • Report ID: CM-1601
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 2
  • No. Of Pages: 155
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The residential real estate market in UAE is projected to expand at a robust CAGR, during the forecast period. The growth of the market is attributed to new government initiatives in the country.

UAE Residential Real Estate Market Key Takeaways

The residential market in the UAE is decreasing due to high competition and less supply of housing unit. The UAE government announced several initiatives to drive the economic and real estate demand in the country. A permanent residency “gold card” scheme in Dubai was introduced in 2019. To meet the demand-supply mismatch in the country, an initiative was launched by Dubai government such as Real Estate Planning Committee. This committee was established to improve the mismatch between demand and supply. These schemes are established to increase the demand for housing units in the country.

The Covid-19 pandemic affected the demand and supply of residential real estate market in the UAE market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Market Trends, Drivers, Restraints, and Opportunities

  • New government initiatives and hassle free law for foreign investors are projected to drive the market.
  • High competition and less supply in housing units are estimated to hamper the market growth.
  • Increasing transaction value and investment in UAE’s real estate industry is anticipated to boost the market.
  • R&D investment in real estate sector is expected to create immense growth opportunities for the market players.

Scope of the Report

The report on the residential real estate market in UAE includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Residential Real Estate Market - UAE Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2021

Historic Data

2019–2020

Forecast Period

2021–2028

Segmentation

Types (Condominiums, Villas, and Others)

Geography

Dubai, Abu Dhabi, and Sharjah

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

Aldar Properties, Emaar, Nakhell PJSC, Deyaar Properties, and Damac Properties.

Market Segment Insights

Market Segment Insights:The villa segment is projected to expand at a rapid pace during the forecast period

Based on type, the residential real estate market in UAE is segmented as condominiums, villas, and others. The condominium is a large property complex consists of individual units. Each unit is owned separately. Condominium ownership is normally with its management.

Villas are individual homes which are sold as a single unit. It is costlier compared to flat and is mostly used for residential stay. The famous villas in Dubai are Roda Boutique Villas, The Palm Beachfront Estate, J5 villas, Medlock Villas, Dream Inn Dubai, Coral Boutique Villas, Villa Atlantica - Palm Jumeirah, Nikki Beach Villas, and ELAN Four Bedroom Beach JBR Villa.

UAE Residential Real Estate Market By Types

Abu Dhabi is estimated to hold major market share during the forecast period

On the basis of geography, the residential real estate market is classified as Dubai, Abu Dhabi, and Sharjah. These cities are famous for tourism as well as commercial purpose. Abu Dhabi serves as the capital city, whereas Dubai is famous for its tourism and commercial business. In these cites majority projects are of apartments to fulfill the needs of general people. Official has also reduced the luxury residential project to minimum as the sale has decreased over the period.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Residential Real Estate Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Residential Real Estate Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Residential Real Estate Market - Supply Chain
  4.5. Global Residential Real Estate Market Forecast
     4.5.1. Residential Real Estate Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Residential Real Estate Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Residential Real Estate Market Absolute $ Opportunity
5. Global Residential Real Estate Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Residential Real Estate Market Size and Volume Forecast by Types
     5.3.1. Condominiums Villas Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Residential Real Estate Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Residential Real Estate Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Residential Real Estate Demand Share Forecast, 2019-2026
7. North America Residential Real Estate Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Residential Real Estate Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Residential Real Estate Market Size and Volume Forecast by Types
     7.4.1. Condominiums Villas Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Residential Real Estate Demand Share Forecast, 2019-2026
8. Latin America Residential Real Estate Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Residential Real Estate Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Residential Real Estate Market Size and Volume Forecast by Types
     8.4.1. Condominiums Villas Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Residential Real Estate Demand Share Forecast, 2019-2026
9. Europe Residential Real Estate Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Residential Real Estate Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Residential Real Estate Market Size and Volume Forecast by Types
     9.4.1. Condominiums Villas Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Residential Real Estate Demand Share Forecast, 2019-2026
10. Asia Pacific Residential Real Estate Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Residential Real Estate Market Size and Volume Forecast by Types
     10.4.1. Condominiums Villas Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Residential Real Estate Demand Share Forecast, 2019-2026
11. Middle East & Africa Residential Real Estate Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Residential Real Estate Market Size and Volume Forecast by Types
     11.4.1. Condominiums Villas Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Residential Real Estate Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Residential Real Estate Market: Market Share Analysis
  12.2. Residential Real Estate Distributors and Customers
  12.3. Residential Real Estate Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Aldar Properties Emaar Nakhell PJSC Deyaar Properties Damac Properties
Segments Covered in the Report
The residential real estate market in UAE is segmented on the basis of

Types
  • Condominiums
  • Villas
  • Others
Geography
  • Dubai
  • Abu Dhabi
  • Sharjah
Key Players
  • Aldar Properties
  • Emaar
  • Nakhell PJSC
  • Deyaar Properties
  • Damac Properties

The residential real estate market in UAE is highly competitive and major market players include Aldar Properties, Emaar, Nakhell PJSC, Deyaar Properties, and Damac Properties. Increase in spends on infrastructure, relaxed laws for foreign investors, and new government policies have driven the market by allowing foreign investment. Companies are engaging in mergers, acquisitions and partnerships to extend their market share. Moreover they are focusing on expanding their product portfolio to leverage their market position. The Expo 2020 which was scheduled to launch in2020 but due to Covid -19 pandemic it was postponded. These with other projects might boost the residential real estate market of UAE. UAE is in process to allow foreign individuals to buy the freehold properties in designated areas in Dubai.

UAE Residential Real Estate Market By Key Players

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