The future looks bright for Dubai real estate as 60% of investors predict growth

The upbeat sentiment of the UAE property sector has been underlined by a new YouGov survey which reveals that 60% of investors expect Dubai’s real estate market to grow over the next 12 months.

With over half of home buyers (54%) feeling positive about the continuing growth of the Dubai real estate market and a further three-fifths (58%) expecting an increase in sales and rental prices over the next year, all indications point towards a buoyancy in the residential market.

These figures emerge as thousands of investors from around the world prepare to descend upon the Middle East’s largest property showcase, Cityscape Global, of which YouGov is the official research partner, to be held at the Dubai World Trade Centre next week.

The survey findings indicate that location is a significant factor in determining where investors purchase their properties in the Emirates. According to 861 UAE residents, properties near public transportation are the most attractive and in demand (56%), followed by those close to grocery stores (44%), retail shopping malls (41%) and Mosques (37%).

Conducted exclusively for Informa, the organisers of Cityscape Global, the study also reveals that studios and one bedroom apartments are growing in popularity in the UAE real estate market, with investors shifting their focus to smaller, affordable residential options.

YouGov’s Head of Real Estate Research, Lara Al Barazi commented, “The study highlights positive sentiment across the board. Investors, potential home buyers as well as real estate professionals are expecting growth to continue in the Dubai real estate market in the coming year. The most positive news is the extent of trust investors place in the residential property market, which reveals the high potential this sector has and the importance of understanding what appeals most amongst prospective buyers.”

YouGov will be exclusively presenting findings from a 1,500 strong study of UAE Real Estate Market Sentiment, looking specifically at the future outlook from investors, real estate professionals and potential home buyers during the morning of the conference.