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Research

Report

Dubai Real Estate Market Overview - Q1 2013


For the first time since mid 2008, all sectors of the Dubai real estate market are positioned in the recovery stage of their market cycle in Q1 2013. However, the positive performance remains largely concentrated in the best quality projects in prime locations with secondary locations and poor quality projects continuing to experience high vacancy rates and stable or even falling rental values.

Key Highlights:

  • The real estate investment market has been very active in the first quarter of 2013, with a growing number of residential transactions closing.
  • Increased interest in the commercial sector with rents for prime office space starting to recover with the “flight to quality” remaining a key trend.
  • The retail market continues to be dominated by the best performing super-regional malls.
  • The hotel sector maintained its strong performance.
  • The industrial sector is moving more towards newer areas, such as Dubai Industrial City, Dubai Investment Park and JAFZA which offer better quality products.

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