Knight Frank's annual review and forecast of the UAE real estate market. “Looking ahead, the UAE’s GDP is expected to pick up momentum and record a growth rate of 2.2% in 2020, before tapering slightly to 2.1% in 2021. Expo 2020, existing stimulus packages and expansionary budgets are set to underpin these stronger rates of growth”.
The annual review takes a look at UAE's residential and office sectors, specifically in Dubai and Abu Dhabi and provides an outlook for the year ahead.
The retail & hospitality sector of the country is also reviewed, resulting in an estimated outlook of the aforementioned sectors. “Despite a positive momentum in visitation numbers, performance almost universally declined in the UAE’s hospitality sector, with citywide RevPARs falling between 6.5% and 14.8%, with Abu Dhabi being the sole exception where RevPAR increased by 7.2%.”
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