Page 17 - Prosper Real Estate PR Report- January 2024

The secret to succeeding in the UAE’s competitive real estate landscape

Real Estate landscape

The na on’s real estate sector currently stands as a major driver of GDP. Forecasts predict that

the sector was at Dhs300bn by the end of 2023.

Inves ng in the UAE’s property market presents a compelling opportunity, considering the

a rac ve incen ves offered by the country to investors. These include provisions to purchase a

property in Dubai within 24 to 48 hours, the UAE’s 10-year golden visa programme and the
government’s spontaneous risk mi ga on strategies.

The UAE’s real estate sector presents myriad avenues for success, but before entering the

market investors need to weigh its various aspects based on past and present growth pa erns

as well as future prospects.

Naviga ng the evolving market

Investors should conduct comprehensive research before entering into any venture and here are

the broad frameworks to work with.

Which emirate?

One of the first steps for investors in the country is choosing the right emirate. Each emirate has

its dis nct market landscape, which offers different growth prospects and Return on Investment

(ROI). For instance, Dubai and Abu Dhabi, two prominent ci es in the region, each offer
dis nc ve opportuni es.

While Dubai is characterised by higher property prices, reflec ng its status as a global hub for
business and luxury, at the same me Abu Dhabi presents a market with compara vely lower

prices, making it an a rac ve prospect for those seeking more cost-effec ve real estate

investments. Similarly, Sharjah offers a range of pocket-friendly op ons for families, big and
small.

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