BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the UAE Real Estate Market size at USD 704.25 billion in 2023. During the forecast period between 2024 and 2030, BlueWeave expects the UAE Real Estate Market size to expand at a CAGR of 7.04% reaching a value of USD 1,082.51 billion by 2030. An increasingly high demand for housing due to population growth and increased building of residential and commercial space are two major growth drivers for the UAE Real Estate Market. Furthermore, the expansion of the UAE Real Estate Market is influenced by the strong spending power of UAE customers.
Opportunity – Integration of technology in real estate sector
Real estate companies are increasingly leveraging advanced technologies, such as blockchain, analytics, and AI automation, to improve their offerings and operational efficiency. Blockchain technology, for instance, is increasingly being used to confirm encrypted transactions and guarantee that financial records have not been tampered with. As a result, various technology companies are launching platforms and apps that specifically cater to the needs of the real estate sector. For instance, Huspy, a property technology company based in the UAE, secured funding to develop a SuperApp for real estate that will focus on revolutionizing property buying in the MENA region.
Sample Request @ https://www.blueweaveconsulting.com/report/uae-real-estate-market/report-sample
UAE Real Estate Market
Segmental Coverage
UAE Real Estate Market – By Service
Based on service, the UAE Real Estate Market is segmented into property management, valuation services, and other services (advisory services and leasing). The property management segment dominates the UAE Real Estate Market. They serve as liaisons between the landlord and the tenant and take care of several duties, including bookkeeping, tax preparation, upkeep of the property, legal compliance, and tenant screening. The growing demand for housing in the country is driving market expansion, necessitating the need for property management to oversee these operations.
Competitive Landscape
Major players operating in the UAE Real Estate Market include Emaar Properties, Nakheel, Dubai Holding Real Estate (Meraas/Dubai Properties), Sobha Group, Nshama, DAMAC Properties, Al Futtaim Group Real Estate, Azizi Developments, Ellington Properties, and Danube Properties.
To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Contact Us:
BlueWeave Consulting & Research Pvt. Ltd
+1 866 658 6826 | +1 425 320 4776 | +44 1865 60 0662
