GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >> Real Estate

 
  Share

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.”



Posted by : GoDubai Editorial Team
Viewed 5344 times
Posted on : Wednesday, January 9, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : SteelFab 2019 attracts the participation of the largest leading companies in the field of metal work...
Next Story : Breakbulk Middle East 2019 reinforces the collaboration between UAE and Saudi Arabia
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Chloé Launches The New Cloud-shaped “rosie” Sunglasses
Tissot Introduces Chrono XL 3x3 Street Basketball Special Collection
Max Mara Resort 2020 Collection
BYS COSMETICS Now in UAE
Saint Honore
Hackket's Bags of Style
Introducing the Swim and Beachwear Summer Collection from Marks & Spencer
VBQ-presskit-denim-70s Capsule
Ministry of State for FNC Affairs Launches Forum Titled ‘Political Empowerment i...
New Land Rover Defender Completes Tusk Testing to Support Lion Conservation in Kenya
Jaguar Land Rover & Bmw Group Announce Collaboration for Next Generation Electri...
Eberhard & Co. Alfa Romeo Limited Edition
Natural and gentle haircare essentials for your little ones from Fifi & Friends'
Rado Captain Cook Automatic Limited Edition with travel case'
UAE and Oman bodies sign MoU to jointly promote Internal Auditing
OMEGA Rocket Engine - Introducing the Master Chronometer Calibre 3861
Kickstart your summer workout with Ibn Battuta Mall's free indoor family Fun Run
Vincitore Realty sells out 108 homes in the Dh375 million Benessere project in j...
The Economic Times recognizes Malabar Gold & Diamonds as one of the Best Brands 2019
Britain's Greatest Test Driver, Norman Dewis Obe, Passes Away
Sony World Photography Awards Reveals New Categories for 2020 and Latest Sony Gr...
Historic Opening of Coca-cola Arena Gets the Seal of Approval From Thousands of Fans
Aston Martin Produces First Cars at St Athan
Electricity Most Searched Fuel Energy Term Online in UAE
The Gucci Runway Makeup Looks for Cruise 2020
Certina DS PH200M collection'
Jennifer Lopez in Ralph Lauren
ZAAM Launches a spin on their iconic Polyhedron bag
The SS19 Exclusive Edit From Etoile “La Boutique''
CEO of Etihad ESCO, Ali Al Jassim's Statement on World Environment Day 2019
Backseat battles: kids driving their parents to distraction – and danger on the ...
Empower launches summer campaign to reduce district cooling consumption for the ...
BMW Group and Jaguar Land Rover announce collaboration for next-generation elect...
Sharjah Chamber to Take Part in the 11th Edition of the World Chambers Congress ...
Choose the perfect fragrance this Father's Day with Rasasi
Dubai Cares supports 3-year teacher training program in Ghana to boost early chi...
Dp World, UAE Region's Strategic Solutions Boost the Automotive Sector
Dan Martin Returns to the Road to Lead UAE Team Emirates at the Criterium Du Dauphine
Resolution: Airlines Urge Governments to Adhere to Global Slot Allocation Guidelines
Ibn Battuta Mall Eid Al Fitr Celebrations
Constructsteel Conference to take place in the Middle East for the first time
Emirates NBD highlights commitment to preserving marine biodiversity on World Oc...
Team Abu Dhabi award Cappellini new long-term contract
Long-term visa granted to Dr. Azad Moopen & wife
Musabih heads Dubai Customs delegation to WCO IT/TI Conference & Exhibition in A...
The Chaumet Garden of Earthly Delights
123 readers led Taraweeh prayers during the holy month of Ramadan
Lukoil Marine Lubricants strengthens its collaboration with KOTC
Turkish Airlines added Strasbourg to the list of its destinations in France
Happy Father's Day with Tonda 1950 Skeleton