{"id":89354,"date":"2024-02-23T00:00:00","date_gmt":"2024-02-23T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/uae\/more-growth-incoming\/"},"modified":"2024-02-23T00:00:00","modified_gmt":"2024-02-23T00:00:00","slug":"more-growth-incoming","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/","title":{"rendered":"More growth incoming"},"content":{"rendered":"

The UAE\u2019s real estate market is anticipated to gain further traction<\/strong> and attract strong demand, buoyed by the Emirates\u2019 \u201cstrong fiscal position, growing levels of inbound investments, strong population growth, and safe haven status,\u201d according to CBRE Research\u2019s Residential Market Review 4Q 2023 report (pdf)<\/a>.<\/p>\n

Dubai\u2019s residential market prices are set to remain \u201crelatively strong\u201d in 2024<\/strong> across both the apartment and villa segments, CBRE said. However, the rate of price growth is expected to decelerate.<\/p>\n

On the rental front: <\/strong>The rental market will \u201cmaintain [its] upwards trajectory\u201d driven by low supply and surging demand, the US-based real estate firm said. Some 68k units are poised to be completed this year, with 22.7% of the units set to be delivered in the Business Bay, District Seven, and Damac Lagoons areas.<\/p>\n

Meanwhile in Abu Dhabi, <\/strong>the emirate is projected to see over 4.4k units completed, with 69.1% of the units located on Yas Island and Al Maryah Island. The office occupancy market is anticipated to see high demand, with Prime and Grade A units projected to \u201coutperform the wider market.\u201d<\/p>\n

The UAE\u2019s residential real estate market ended 2023 on a \u201cstrong note,\u201d <\/strong>CBRE\u2019s head of research Taimur Khan said in a press release<\/a>. Dubai\u2019s residential market soared to a record high of some 119k units sold over the year, growing 29.6% y-o-y from the sales recorded in 2022. Abu Dhabi\u2019s real estate market registered over 11k transactions, jumping 77.7% y-o-y in 2023 driven by off-plan sales more than doubling and secondary market sales rising 27.7% y-o-y. <\/p>\n","protected":false},"excerpt":{"rendered":"

Although residential prices will remain \u201cstrong\u201d in 2024, the rate of increase is expected to cool<\/p>\n","protected":false},"author":1,"featured_media":89355,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1565],"tags":[1360,87,7,98],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89354","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-abu-dhabi","tag-dubai","tag-enterpriseam-uae","tag-real-estate","wpautop","entry"],"acf":{"mongo_id":"93f934ee-0231-47f6-aba4-f34a0cf0f7d6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/1026.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Strong demand for UAE real estate coming in 2024, CBRE Research says","related_issue":[89346],"teaser":"Although residential prices will remain \u201cstrong\u201d in 2024, the rate of increase is expected to cool","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/2\/.3fe9f139-c31c-4ab4-9dc8-892b0c3220b5.mp3"},"yoast_head":"\nMore growth incoming - UAE<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"More growth incoming\" \/>\n<meta property=\"og:description\" content=\"Although residential prices will remain \u201cstrong\u201d in 2024, the rate of increase is expected to cool\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/\" \/>\n<meta property=\"og:site_name\" content=\"UAE\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-23T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1026.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"More growth incoming\",\"datePublished\":\"2024-02-23T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/\"},\"wordCount\":255,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/1\/1026.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Abu Dhabi\",\"Dubai\",\"EnterpriseAM UAE\",\"Real estate\"],\"articleSection\":[\"REAL ESTATE\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/\",\"url\":\"https:\/\/enterpriseam.com\/uae\/2024\/02\/23\/more-growth-incoming\/\",\"name\":\"More growth incoming - 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