On trends shaping the future of the real estate market How do you evaluate the real estate sector’s recent performance, and which trends will shape the market in the near future? AL QATAMI: Over the past year the UAE government has implemented several legal and regulatory reforms to create a more welcoming environment for people of all nationalities, ethnicities and backgrounds. This inclusive…
On the trends shaping the Kingdom’s real estate market Which factors are driving the growth of the real estate sector in Saudi Arabia, especially in relation to the economic diversification efforts outlined in Vision 2030? DAVID GROVER: The market in Saudi Arabia has experienced a significant transformation in recent years. Giga-projects have been instrumental in driving investment across…
Abu Dhabi stands at the forefront of the MENA region’s economic growth, boasting a 9.3% growth rate in 2022. Looking ahead, the emirate’s ambitious roadmap, the Abu Dhabi Economic Vision 2030, charts a course for economic transformation. A key goal of the roadmap is to substantially reduce reliance on hydrocarbons, with a target of achieving 64% of GDP from non-hydrocarbons sectors by 2030. Th
With temperatures in cities set to rise in the coming decades, many public and private players in emerging markets are looking to tackle the challenge of extreme heat through technology, sustainable building techniques and the expansion of urban green spaces. Heat Consequences The Covid-19 pandemic helped spur the growth of smart cities, with governments tapping into data-collection infrastructure…
Abu Dhabi’s construction and real estate sectors posted a strong performance in 2022, reflecting the overall positive growth in the emirate. Construction grew by 7.6% to Dh86bn ($23.4bn), contributing 7.8% to Abu Dhabi’s GDP and solidifying its position as one of the most important non-oil sectors of the economy. Concurrently, real estate has seen a flurry of activity, marked by an 8.5% increase…
Interview:Majed Odeh How would you evaluate real estate investment opportunities, and which segments are likely to experience high growth in the coming years? MAJED ODEH: The real estate market in the UAE, and specifically in Abu Dhabi, has continued to expand rapidly, with demand experiencing significant growth. This increase is primarily attributable to the country’s strategic vision of attracting…
Interview:Talal Al Dhiyebi In what ways is Abu Dhabi’s push for diversification influencing the property market? TALAL AL DHIYEBI: Over the past decade the emirate has intensified its diversification drive, in line with the Abu Dhabi Economic Vision 2030. Key investments span multiple sectors, including education and health care, as well as infrastructure projects such as the airport and Abu…
Interview:Hamad Hareb Al Muhairi In what ways has recent population growth affected the housing market, and what strategies can address increased demand? HAMAD HAREB AL MUHAIRI: Abu Dhabi is committed to maintaining growth in all economic sectors, including government housing. Based on its role in developing and implementing housing programmes for UAE citizens, and setting related regulations…
Abu Dhabi’s real estate and construction sectors performed well in 2022, contributing significantly to the emirate’s non-oil growth. Construction expanded by 7.6%, reaching Dh86bn ($23.4bn), or 7.8% of Abu Dhabi’s total GDP. At the same time, the real estate market witnessed an 8.5% increase in transaction values and a 27.2% rise in transaction volumes, reflecting strong market activity. Several…
The Kingdom of Saudi Arabia is experiencing a period of sustained economic growth, outperforming other G20 nations in 2022. This expansion is attributed to higher global energy prices, resulting in a fiscal surplus and supporting diversification efforts and the non-oil sector.