Search DubaiPRNetwork.com

Home >> Real Estate & Retail

UAE Market Review and Forecast 2019

Wednesday, January 9, 2019/ Editor -  

Share

Home >> Real Estate & Retail

Knight Frank are pleased to announce the release of its UAE Market Review and Forecast 2019 report. 

Headlines: 

Dubai, UAE, January 09, 2019:  The report is Knight Frank’s annual review and forecast of the UAE Real Estate Market in the year ahead. 

The UAE’s GDP is expected to grow by 2.8% in 2018, up from the 0.8% registered in 2017.

  • Residential prices and rents are likely to continue to soften in 2019, however we may see additional demand which helps underpin the market as a result of the recent approval of a range of legislations to ease visa regulations, given that many of the changes are linked to property ownership.
  • In the short to medium term we expect that market conditions in the UAE’s office sector will remain challenging with rental rates continuing to fall.
  • As a result of the level of incoming retail supply in Abu Dhabi and more so in Dubai, it is likely to mean that operators and retailers are likely to face extreme pressure over the coming five years.
  • In the UAE’s hospitality sector we anticipate that the changing nature of room night demand and sustained development pipeline will result in RevPAR levels weakening over 2019.

Taimur Khan, Research Manager, commented: “Whilst there are clear challenges facing the market, a trend we expect to continue in 2019, the recent approval of a range of legislations to ease visa and foreign business ownership by the UAE Cabinet are likely to drive addition demand in the UAE’s property market. Looking ahead we expect that the prime segments of the market are likely to continue to outperform the mainstream market overall.”


Previous in Real Estate & Retail

Next in Real Estate & Retail


Home >> Real Estate & Retail Section

Latest Press Release

Belinda Bencic upsets Petra Kvitova to win Dubai Duty Free Tennis Championships ...

Expo Centre in Didacta 2019 - Germany to promote for the International Education ...

Year of Tolerance logo inspires ADU's new Al Ain campus design

The Dubliners St. Patrick's Day

‘Take Water. Give Life'

Ireland Claims CSI2* Longines Grand Prix Win on Day 3 of President's Cup

Get closer- your makeup is invisible with Make Up For Ever's New Ultra HD Concea ...

Research finds increased sulfur metabolism is a likely survival mechanism for na ...

Pakistan International Airlines launches bi-weekly flights to Al Ain Internation ...

Galaxy S10 series now available for pre-order in the UAE

Modest Fashion Week Returns to Dubai for 2019

Three New Breitling Watches Commemorate an Aviation Legend: The Curtiss P-40 Wa ...

The Emirates A380 to take centre stage at the Saudi International Airshow

Dubai Customs ties strategy to the 8 principles of governance

Super Six as Pogacar picks up top spot in Portugal

Ibn Battuta Mall hosts Pink Caravan clinic to raise awareness about breast cance ...

Ras Al Khaimah Ruler to present inaugural Sheikh Saud bin Saqr Al Qasimi Interna ...

Splash launches Adaptive Collection for People of Determination

Key Trends of Spring/Summer 2019 and How to Wear Them

Lucky Number Five for UAE In FEI Longines Jumping Nations Cup™ Draw