February 23, 2024

Trailblazer of UAE’s booming real estate market

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Trailblazer of UAE's Booming Real Estate Market
Trailblazer of UAE's Booming Real Estate Market (Representational Image)

The UAE’s real estate market is as diverse as the country itself. From the iconic skyscrapers of Dubai to the culturally rich neighbourhoods of Abu Dhabi, UAE offers a plethora of options to potential investors. Residential properties, commercial spaces, and luxurious villas dot the skyline, catering to a wide array of tastes and preferences. Despite the disruptions  caused by the pandemic, the economy recovered quickly, due  to the booming real estate market, increasing tourism, and inflows of foreign cash in the country.

The real estate market is a crucial driver of the UAE economy, as the sector contributes to 5.5% of the country’s GDP. The market analysis of the real estate sector reveals that the sector is poised to grow at a CAGR of 3% between 2023 and 2028, resulting in a market volume of USD 0.80 trillion by 2028. Additionally, the residential real estate market is projected to reach an absolute market value of 0.69 trillion this year. This modest increase in prices is attributed to emerging businesses and increased tourism in the country.

Like any thriving economy, the UAE’s real estate sector is not immune to economic fluctuations. Global economic challenges, geopolitical tensions, and changing market dynamics can lead to volatility. However, these challenges also present opportunities for savvy investors who understand market intricacies and invest wisely during downturns. Various real estate portals provide property management services to investors, allowing them to make informed decisions by helping them find suitable investment opportunities with high ROI and cash flow by analysing market trends and dynamics in the real estate market.

The real estate market is a crucial driver of the UAE economy, as the sector contributes to 5.5% of the country’s GDP.
Representational Image

Companies like Dar al Yaqut, a real estate portal in Dubai, has been putting continuous efforts into providing the best property management solutions. Established in 2021 as an expansion of Janata General Contracting tCompanies like Dar Al Yaqut, a real estate portal in Dubai, has been putting continuous efforts into providing the best property management solutions. Established in 2021 as an expansion of Janata General Contracting to tap Dubai’s real estate market, the company is led by Mohhamed Moinuddinn Abdul Salam, who is the founder and the present CEO. He started his career as  a board member of NCC Bank (Bangladesh). Later on he joined the Janata General Contracting UAE and finally started his real estate venture with Dar Al Yaqut in 2021. The company went on to establish its name in the over saturated market and emerged as one of the best real estate properties in the Middle East, providing property management and long-term financial investment in the real estate sector.

The firm reached new heights and attained several accolades under the guidance of Mohhamed Moinuddinn Abdul Salam. The firm reached new heights and attained several accolades under the guidance of Mohhamed Moinuddinn Abdul Salam. A trained commercial airline pilot, he recently added another feather to his cap after being named the Best Emerging CEO in Real Estate Industry UAE 2023 by International Business Magazine.

Blog by Madhulika Pandey

Also Read:

UAE REAL ESTATE BECOMES MORE FLEXIBLE FOR THE FOREIGN MARKET

UAE Economy Growth to be Heavily Dependent on Real Estate Sector

A Massive Real Estate deal of $5.5 billion signed by UAE’s ADNOC and Apollo Global Management

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