First Overview of the UAE Property Market
The UAE Property Report is Savills first comprehensive view of the United Arab Emirates, assessing the state of the current real estate market across the country. The report provides the latest overview across residential, commercial and industrial sectors, with research and insight from the Savills team which operates across three offices in the heart of the UAE.
Savills acquired long-standing regional leader Cluttons Middle East in June 2018 and after a successful integration is now ideally positioned to provide investors, corporates, banks, individuals, families and institutions with the dual benefit of an experienced local team offering the most informed regional advice, combined with the extensive global network of one of the world’s leading international real estate advisors. The rapid development and progression of the United Arab Emirates has been one of the great success stories of the Middle East, bringing together an increasingly engaged and well informed Emirati population with a large expatriate community to further the economic, technological, social and cultural vision of its focused Government.
There is no doubt that 2018 was a challenging year for the global economy, so it was perhaps inevitable that the UAE would feel a certain ripple effect of pressures beyond its own borders. Positively, within the nation, the Government has taken steps to bolster growth through regulatory changes, increasing federal budgetary spend and a bold move towards visa liberalisation. These integral transformations, contributing towards the UAE Vision 2021 and beyond, have laid the foundations for economic improvement. Through attractive incentives for diversification of non-oil industries, the UAE is competing to be a global hub of future-thinking industries.