United Arab Emirates Residential Real Estate Market Size

Statistics for the 2023 & 2024 United Arab Emirates Residential Real Estate market size, created by Mordor Intelligence™ Industry Reports. United Arab Emirates Residential Real Estate size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of United Arab Emirates Residential Real Estate Industry

UAE Residential Real Estate Market Size
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 8.00 %
Market Concentration Low

Major Players

 UAE Residential Real Estate Market Key players

*Disclaimer: Major Players sorted in no particular order


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UAE Residential Real Estate Market Analysis

The UAE residential real estate market is poised to register a CAGR of more than 8% during the forecast period, 2022-2027.

The residential real estate market came to a halt as a result of the COVID-19 pandemic, as the government implemented lockdowns and citizens were forced to stay at home. Nonetheless, UAE residential property prices are set to continue rising in 2022, driven by supportive economic reforms and an accelerated vaccination program that has helped to hasten a rebound from the coronavirus-induced slowdown, according to experts.

The UAE residential property market, which softened due to a three-year oil price slump that began in 2014 over oversupply concerns and the ensuing pandemic, has turned a page and is recovering as people move to larger homes with outdoor amenities amid a surge in remote working and online learning. In addition, economic support measures and government initiatives, such as residency permits for those who have retired and remote workers, in addition to the expansion of the 10-year golden visa program, have also helped to improve market sentiment.

Following the pandemic, there was an immediate decrease in demand for retail office spaces, as well as residential real estate. However, moving into the following years, there has been a strong reversal of this trend. In recent years, the UAE government has opened up the real estate market for expats to a larger extent, allowing for more investments. The concept of both a five-year and a ten-year residency visa has been introduced, which can be acquired through real estate investments.

UAE Residential Real Estate Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)