Report: Middle East and UAE Real Estate Report 2020 released

Cityscape’s UAE & MENA Real Estate Market Report predicts the region’s post-Covid real estate recovery after surveying 488 respondents. From post-Covid real estate trends to forecasts around market growth, download the report to get the full picture across residential, commercial, industrial, retail and hospitality.

At a glance: Post-Covid real estate trends

•    Respondents are optimistic about the residential real estate market, and the majority believe that monthly rental contracts will become more common post-Covid-19.
•    Covid-19 has posed an enormous challenge to office space, but responses show signs of splitting opinions around the growth and decline of the commercial office market.
•    41.81% of all respondents believe the industrial sector will be an important asset class for generating foreign direct investment (FDI), especially in the UAE.
•    With global lockdowns reshaping consumer behaviour, the retail market has taken a large hit during the pandemic, but 91% of respondents believe that the traditional retail market will still remain vital – even with the continuous growth of online retail.
•    44% of respondents believe that the hospitality sector will have the most impact on generating FDI, and 47% of people believe that the hospitality market will recover in the next 1-2 years.

The impact of Covid-19 on residential real estate

• The majority of respondents believe that monthly rental contracts will become more common post-Covid.
• Buyers of residential real estate will look to spend less money.

The impact of Covid-19 on commercial real estate

• High-tech infrastructure, mixed-use complexes and a flexible approach to work environments and rent are among the factors that will ensure commercial real estate growth.
• Likewise, space for social distancing, internet speed and reduced unit size will be crucial to recovery.

The impact of Covid-19 on industrial real estate

• Warehousing and data centers are predicted to be key real estate assets for the MENA region.
• Dubai and Abu Dhabi are anticipated to see the highest levels of industrial real estate growth over the next 12 months.

The impact of Covid-19 on retail

• PropTech is expected to be a factor of retail recovery.
• Only 9% of respondents believe that brick and mortar retail real estate will no longer be vital post-Covid.

The impact of Covid-19 on hospitality

• 91.6% of respondents agree that Covid-19 has forever changed the hospitality sector and companies need to rethink strategies in order to be competitive.
• Serviced apartments are the biggest predicted growth sector in hospitality.

Report: Middle East and UAE Real Estate Report 2020 released

Email *

Country *

First Name *

Last Name *

Company *

Job title *

Industry *

Job Function *

Please keep me up-to-date with the latest products and services from Cityscape Intelligence, part of Informa Markets. *

I would like to hear from Informa Markets' partners about product and services relevant to me. Informa Markets will not share any of your details with our partners unless you agree to us doing so directly. *

Group C First Party Marketing Checkbox *

I accept the Privacy Terms. *

By continuing, you accept that Cityscape Intelligence may contact you with updates, relevant promotions and information about events provided by Informa Markets and its partners. Your details may be shared with carefully selected partners who may contact you about their products and services.

You can opt out of hearing from us at any time by clicking the unsubscribe link in our emails or contacting us. To understand how we use your data, please see our Privacy Policy.