Market Report, "United Arab Emirates Real Estate Report Q4 2014", published
Economic growth in the UAE will strengthen both property fundamentals and capital markets, resulting in a more favourable outlook for tenant retentions, rental growth, development activity, financing and asset values.
The UAE real estate sector is emerging as an outperformer within the Middle East and North Africa (MENA) region. Recent financial results by local property developers have overshadowed those by other sectors with companies recording an 82.4% growth in revenues during Q1 2014. This trend has been continuing in H2 2014 with a strong macroeconomic backdrop supporting high levels of consumer spending as well as trade growth, which has filtered through into demand for retail and industrial space in particular.
In contrast, the office segment continues to suffer from a lingering supply overhang dating back to the 2008 financial crisis with vacancy rates reported to be remaining stubbornly high at around 40% in Abu Dhabi, a situation which continues to be engendered by a heavy flow of new developments.
Full Report Details at
Both in terms of the retail and office markets, Dubai continues to post stronger numbers than its sister city and its 2020 Expo is currently driving the commercial property market in its sister city.
As the host of the World 2020 Expo, Dubai's real estate sector is showing remarkable growth and the city's real estate sector alone accounts for 12.1% of the UAE's economy. BMI forecasts the real GDP growth for Dubai to be 4.3% in 2014 and 4.5% in 2015, following an estimated 4.1% in 2013. The World Expo will act as a catalyst for growth in the construction industry as new development projects are likely to be expedited.
While there are notable differences in growth in demand across the UAE as a whole, both development and transactional activity are continuing apace across much of the country. Growing unease surrounding Israel's political stability following this summer's Gaza crisis is playing into the UAE's hands with the escalating...
The United Arab Emirates Real Estate Report features Business Monitor International (BMI)'s market assessment and independent forecasts of major construction projects in the residential and commercial markets, plus rental prices and yields in major cities. The report critically analyses the prospects for real estate within the broader economic and financial context - both domestic and global - via our econometrically-modelled and clearly explained banking and economic forecasts and follows this through to evaluate the implications for REITs.
BMI's United Arab Emirates Real Estate Report provides industry professionals and strategists, sector analysts, business investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the real estate industry in United Arab Emirates.
* Benchmark BMI's independent real estate industry forecasts for United Arab Emirates to test other views - a key input for successful budgeting and strategic business planning in the Emirati real estate market.
* Target business opportunities and risks in United Arab Emirates through our reviews of latest industry trends, regulatory changes and major deals, projects and investments.
* Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).
Summary of BMI's key industry forecasts, views and trend analysis covering real estate and construction, regulatory changes, major investments and projects and significant national and multinational company developments.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the real estate sector and within the broader political, financial, economic and business environment.
Overview of the real estate sector, including analysis of existing/planned real estate developments and emerging industry trends in the office, industrial and commercial sectors.
Features detailed city-level data and analysis on rental prices, yields, contract terms and real estate availability with separate chapters covering the office, retail and industrial sub-sectors.
Industry Forecast Scenario
Historical data series (2010-2012) and forecasts to end-2017 for the domestic real estate industry and for the local and global finance industry. Indicators include:
Real Estate: Office, retail and industrial real estate yields for all major cities (%); short-term forecasts on minimum and maximum real estate rental prices by sub-sector (US$ per square metre, and local currency per square metre)
Construction: Industry value (US$bn); contribution to GDP (%); employment (`000); real growth (%)
Economy: Economic growth (%); nominal GDP (US$bn); unemployment (%); interest rates (%); exchange rate (against US$)
Business Environment Ratings
BMI's Real Estate Business Environment Ratings provide a country-comparative Risk-Reward Ratings index aimed at investors (real estate vendors, construction companies and financial investors) in the regional real estate market.
The ratings methodology makes sophisticated use of over 40 industry, economic and demographic data points.
Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses.
The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.
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