The UAE Real Estate Market – Q1 2022
Strong performance by UAE's hotel market in Q1 2022, supported by Expo 2020 Dubai and international visitors
Supported by Expo 2020 and returning international visitors, the UAE’s hotel market performed strongly in the first quarter of this year. The uplift in overall performance was primarily driven by beachfront and luxury developments, which have been benefitting from strong leisure demand.
In the office market, building on the momentum seen in the final quarter of last year, rents in well-managed quality office buildings continued to perform well. In Dubai, average Grade A rents in the CBD were up 9% year-on-year to about AED 1,840 per sq. m. per annum in Q1 2022.
Read our latest UAE Real Estate Market report to find out more.