Dubai real estate - musings
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Mon June 13, 2016 12:49 pm

UAE. The recent statement that has permeated the Dubai zeitgeist is the diversification of the economy into different sectors and away from real estate.

A granular break-down of the data attests to this, as the percentage of people who were working in the field of real estate (real estate services and construction) have halved (50% to 25% from 2008 to 2015).

A similar dynamic has transpired in the GDP figures. Real estate services and construction in 2008 contributed 31% of the emirates GDP, whereas in 2015 it accounts for 22%. This shift into other sectors has allowed the economy to be more resilient to exogenous and endogenous shocks.

A closer look into price and transactional activity signals that a bottoming out may be underway. Price declines over the last 18 months have begun to taper, allowing for price stability.

Alongside this transactional activity has begun to inch higher in the first 5 month of the year. Although, transactional activity is below 2015 levels, if the momentum continues to market could be entering a bull market.

A segmentation analysis of the Dubai freehold supply in monitored areas reveals that government sector developers account for 56% of units in the market. However, over the last decade the contribution of private sector developers has been increasing.

As Dubai continues to launch new units, we witness that the ratio is skewed towards private sector developers (70:30). This shift attests to the growing role of the private sector in the build-out of the Dubai skyline.

To download the full report click here

About REIDIN
REIDIN is the leading real estate information company focusing on emerging markets. REIDIN offers intelligent and user-friendly online information solutions helping professionals access relevant data and information in a timely and cost effective basis.

About Unitas
Unitas believes in in-depth planning and discipline as a mechanism to identify and exploit market discrepancy and capitalize on diversified revenue streams. The purpose of Unitas is to manage, direct, and create wealth for our clients.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: July 15, 2018
UAE. The attack, called "Thermanator", could use your body heat against you in order to steal your credentials or any other short string of text that you have typed on a computer keyboard.
date:Posted: July 15, 2018
INTERNATIONAL. AI is bigger than any one company, industry or country can address on its own. It will take the whole of our technology ecosystem and the world's governments to realize the full promise of AI; Priorities should include education and research.
date:Posted: July 14, 2018
UAE. When trade-off decisions have to be made, better visibility should be the number one priority, not greater control. It is better to be able to see everything in the cloud, than to attempt to control an incomplete portion of it.
dhgate