Dubai real estate: Commercial intention
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Wed April 5, 2017 2:12 pm

 
UAE. Since the inception of freehold in 2002 and the expansion of free-zone areas the supply in the commercial real estate space has risen by more than 650%; from 1.3 Million to 9.6 Million Square Meter (in monitored areas).

Whilst this growth rate is expected to moderate, the absolute numbers are expected to ratchet higher at a similar trajectory with the development of new business districts such as Dubai South.
 
A realization of the supply analysis in the commercial segment reveals that the completion rate in 2015 and 2016 has been below 50%, a similar trend is also witnessed in the residential segment.

In 2014, the realized supply exceeded what was estimated by analysts, indicating yet again the flaw in analyst estimates (that did not account for the backlog of projects coming to completion). This is a trend that is expected to continue in the years ahead.

In 2002, 94% of the commercial supply in monitored areas were under the DED jurisdiction. However, by the end of 2016 both jurisdictions contribute equally to the supply.
 
An analysis of the upcoming supply by jurisdiction reveals that 83% is allocated towards the DED jurisdiction and the balance towards free zones. However, we expect this ratio to shift towards new free zones as new developments are in the pipeline.
 
To read the full report click here: http://bit.ly/2nGqJVq

Click here to read this article complete with graphs on the REIDIN website

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.

 

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