UNITED ARAB EMIRATES RESIDENTIAL REAL ESTATE MARKET - GROWTH, TRENDS, COVID-19 IMPACT, AND FORECASTS (2023 - 2028)

 Analysis of the UAE Residential Real Estate Market

During the projection period, 2022–2027, the residential real estate market in the UAE is anticipated to grow at a CAGR of more than 8%.

The COVID-19 epidemic caused the residential real estate market to collapse as people were compelled to stay at home and the government imposed lockdowns. However, experts predict that residential real estate prices in the UAE will continue to rise in 2022, supported by positive economic reforms and a stepped-increased vaccination campaign that has sped up the recovery from the coronavirus-caused slowdown.

The UAE residential property market has recovered as people move to larger houses with outdoor facilities amid a rise in remote working and online learning. The market slowed due to a three-year oil price fall that started in 2014 over oversupply worries and the ensuing pandemic. Additionally, government programmes and economic support measures like the expansion of the 10-year golden visa programme and residency permits for distant workers and retired people have improved market mood.

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