Dubai PR Network, Online Press Release from Dubai and Middle East
 
Property & Real Estate(Real Estate & Retail)
Filter PR by
  
UAE Market Review and Forecast 2019
 

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 : Dubai PR Network Editorial Team
Viewed 7576 times
PR Category : Real Estate & Retail
Posted on : Wednesday, January 9, 2019  12:21:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : DLD strategic partner of Egypt Mega Property Show in Cairo
Next Story : DLD signs MoU with ADIB
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Make Up for Ever Introduces for the First Time Its New Active Care-in-foundation to Revive... [5228-Views]
Olay Eyes Hydra Gel [4830-Views]
COVID-19 Triggers Marked Decline in Global Trade: UNCTAD [4207-Views]
LG Prioritizes Home Comfort With Latest Air Conditioners for GCC Market [3428-Views]
Ralph Lauren Expands Its Earth Polo Offering, Reinforces Commitment to Protecting the Envi... [3370-Views]
6 Steps X 6 Products from Essence: The Shortcut that Perfects Skin - Now more than ever, S... [3292-Views]
Maillon De Cartier Watch [3259-Views]
Dynabook Refreshes Portégé X Series With Latest Intel® Core™ Processors and Privacy Featur... [3157-Views]
Kristina Fidelskaya A/W 2020 Collection “Dream” [2956-Views]
Vatika Focuses on Making Quarantine a Quality Time With New Viral Campaign [2731-Views]
Union Coop: AED 46 Million Project in Umm Al Quwain [2702-Views]
Your at-Home Spa Guide With Skin Republic [2649-Views]
Ashley Graham for Marina Rinaldi – Ss 20 [2636-Views]
Emirates Resumes Passenger Flights to 9 Destinations, including Connections between UK and... [2608-Views]
Dubai Sports Council Thanks Wise Leadership for Its Protection and Care of the Community [2595-Views]
Don't Make A Slow Recovery More Difficult with Quarantine Measures [2411-Views]
Dubai Customs: Strategic Plan to Curb Corona [2353-Views]
Happy Eid with Parmigiani Fleurier Toric Fleur [2321-Views]
Smart Cooking to Save Time With Lg Appliances This Ramadan [2288-Views]
Sony Middle East & Africa Launches New Compact 4K Handycam® Camcorder with Advanced Image ... [2255-Views]
Paying the Ransom Doubles Cost of Recovering from a Ransomware Attack, According to Sophos [2194-Views]
Medcare Women & Children Hospital Offers Peace of Mind to Families and Mums-to-Be and Cont... [2132-Views]
Al Zahia Supports Underprivileged Families With Electronic Tablets for Remote Learning [2075-Views]
Game for Anything: the All-New Toyota C-HR Lands in the UAE With Unmissable Distinctive St... [2070-Views]
BSH Middle East FZE Stands in Support with the Dubai Health Authority Amidst COVID-19 Pand... [2042-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories