September 7th, 2015, YouGov
In the run up to Cityscape Global 2015, the largest real estate conference and exhibition in the Middle East region, event organizer Informa Middle East commissioned YouGov to explore future real estate market sentiment in Dubai and the Middle East region amongst multiple stakeholders in the UAE.
The findings were revealed at the Cityscape Conference Market Overview today by YouGov’s head of real estate research, Lara Al Barazi and reflected the positive sentiment underlining the region’s current property industry. In particular, the majority of potential home buyers (54%), investors (60%) and real estate professionals (69%) are all unified in their confidence in the growth of Dubai's real estate market over the next 12 months.
Bringing together more than 1,000 senior real estate professionals and government officials, the Cityscape Global Conference was focused around three main themes: middle income housing; the growing demand for quality facility management; and the need to improve broker knowledge of Dubai regulations.
According to interviewed investors, the residential market holds particular appeal for large investments with 52% saying residential property would be their number one choice if they were to spend $10million in the UAE real estate market.
With 60% of investors also believing the UAE is the most promising country for real estate investments, more than 300 exhibitors are eagerly awaiting the opening of Cityscape Global tomorrow to showcase their latest developments.
To discover the full real estate market sentiment insight across all three stakeholder groups please download the 2015 UAE Real Estate Market Sentiment Report below.
