DUBAI’S BOOMING COMMERCIAL REAL ESTATE MARKET
Dubai's Commercial Real Estate Market Thrives, Poised for a Bright Future
The UAE’s commercial real estate market is still doing well, and things are looking up, according to a survey released on Wednesday. Topline indicators demonstrated the ongoing strength of the UAE commercial real estate market, according to the Royal Institution of Chartered Surveyors (RICS) Q3 2023 Global Commercial Property Monitor.
The office sub-sector saw the largest increase of 60% in occupier demand overall, followed by retail and industrial, which climbed by 53% and 48%, respectively. Overall, occupier demand is still extremely positive. According to the research, occupier and investor activity is still showing strong growth momentum throughout the United Arab Emirates, with an increase observed in all mainstream industries in Q3.
The UAE's real estate market, described as 'booming' by experts, is witnessing a significant rise, drawing increased attention from Russian investors amidst geopolitical events. Projections suggest the UAE will sustain its robust capital value and rental growth, solidifying its position as one of the globe's most enticing investment hubs. Moreover, this trend positions the UAE as a prime market for global investors seeking diverse and lucrative opportunities in the real estate sector.
The UAE's real estate market, described as 'booming' by experts, is witnessing a significant rise, drawing increased attention from Russian investors amidst geopolitical events. Projections suggest the UAE will sustain its robust capital value and rental growth, solidifying its position as one of the globe's most enticing investment hubs. Moreover, this trend positions the UAE as a prime market for global investors seeking diverse and lucrative opportunities in the real estate sector.
RELATED NEWS
Dubai Leads Q2 Sales of Luxury Homes Over $10 Million
In the second quarter of 2023, Dubai led the global market in residential sales valued at over $10 million,
DUBAI’S REAL ESTATE MARKET PREDICTED TO GROW 15% IN 2024
In 2024, Dubai's real estate market is poised for significant growth, estimated at approximately 15%,
