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 6649 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
Chronoswiss adds beauty in blue to Sirius Chronograph Moon Phase collection [18562-Views]
A touch of elegance with Al Asel [10950-Views]
Introducing Pestle & Mortar [9601-Views]
Glamorous Gilda for elegant lady' [8876-Views]
World's First Cartridge-Free Laser Printer Now Available in the UAE [8174-Views]
Sony Middle East and Africa launches the new king of full frame mirrorless cameras – Alpha... [7704-Views]
Energy Transition is Accelerating Across Countries Worldwide According to 2019 World Energ... [6856-Views]
Pan Emirates Home Furnishing welcomes Autumn with its new collection [6673-Views]
The art of knurling [6192-Views]
Breitling Announces Partnership With Etihad Airways [6076-Views]
Tag Heuer Launches Limited Edition Green Aquaracer in the Kingdom of Saudi Arabia (KSA) [6076-Views]
Nikon ME Launches Film Festival - Cinema Z [5496-Views]
Union Coop constructs two commercial centers in Al Badaa (Jumeirah) and Barsha 3 [5130-Views]
CORUM announces Hu Bing as its new Global Brand Ambassador [4947-Views]
Protect your Hair with the New Hair Care Range from Color WOW. [4947-Views]
Chloé introduces the new vintage-inspired “Ayla” style [4880-Views]
Union Coop Signs a contract with AL Aber contracting to construct Umm Al Quwain Residentia... [4764-Views]
Admiral AC-One 45 Chronograph Bronze [4612-Views]
UAE Team Emirates' Pogacar Inches Closer to a Second Place Finish at La Vuelta [4612-Views]
Compact, yet spacious, Kia Pegas sedan to be sold in the UAE for the first time [4526-Views]
Midi Moment [4490-Views]
As Official Timekeeper of the 2020 IIHF Ice Hockey World Championship, Tissot starts the c... [4453-Views]
General Civil Aviation Authority launches 2nd edition of Global Investment in Aviation Sum... [4197-Views]
Burberry Beauty reveals its runway make-up look, inspired by the September 2020 show [4160-Views]
Beauty beyond time OMEGA's fine jewellery collection [4038-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories