The Commercial Real Estate market in United Arab Emirates has been experiencing significant growth and development in recent years. This can be attributed to several factors including customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Commercial Real Estate market in United Arab Emirates have shifted towards modern and high-quality properties. This is due to the increasing demand for office spaces, retail spaces, and industrial properties that are equipped with state-of-the-art facilities and amenities. Customers are also seeking properties that are located in strategic locations with easy access to transportation and other key infrastructure. One of the key trends in the Commercial Real Estate market in United Arab Emirates is the rise of mixed-use developments. These developments combine residential, commercial, and retail spaces in a single project, creating a vibrant and self-sustaining community. This trend is driven by the desire for convenience and accessibility, as well as the need for developers to maximize land use and generate higher returns on investment. Another trend in the market is the increasing focus on sustainability and energy efficiency. Customers are becoming more conscious of the environmental impact of their real estate choices and are seeking properties that are designed and built with sustainable practices in mind. This includes the use of renewable energy sources, efficient water and waste management systems, and green building materials. Local special circumstances in United Arab Emirates, such as its strategic location as a global business hub and its favorable business environment, have also contributed to the development of the Commercial Real Estate market. The country's strong economic growth, political stability, and supportive government policies have attracted both local and international investors, leading to a surge in real estate development and investment. Underlying macroeconomic factors, such as population growth, urbanization, and increased foreign direct investment, have also played a role in the development of the Commercial Real Estate market in United Arab Emirates. The country's growing population and rising urbanization rates have created a demand for more commercial spaces, while increased foreign direct investment has provided the necessary capital for real estate development projects. In conclusion, the Commercial Real Estate market in United Arab Emirates is experiencing significant growth and development due to customer preferences for modern and high-quality properties, trends in mixed-use developments and sustainability, local special circumstances such as its strategic location and favorable business environment, and underlying macroeconomic factors such as population growth and increased foreign direct investment. This positive trajectory is expected to continue in the coming years, making United Arab Emirates an attractive market for real estate investors and developers.
Data coverage:
Figures are based on value of commercial real estate.Modeling approach / Market size:
Market sizes are determined by a bottom-up approach. As a basis for evaluating this market, we use national statistical offices. Next, we use relevant key market indicators and data from country-specific associations such as share of industry, manufacturing, and services of the GPD, price level index, GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the market, for example, exponential trend smoothing.Additional Notes:
The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war are considered at a country-specific level.
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