The UAE Real Estate Market – Q2 2022
Recovery in tourism propels the resurgence of the UAE’s hotel sector in Q2 2022
Benefitting from an influx of visitors from a range of source markets, the UAE’s hotel sector witnessed a notable rise in occupancy in the last five months. Dubai and Abu Dhabi registered an occupancy rate of 75% and 71% respectively, marking an uplift in percentage from the corresponding period of last year.
In the residential sector, around 6,500 units were added to Dubai’s stock in Q2 2022 while Abu Dhabi witnessed the competition of nearly 1,300 units. Demand remains strong for prime residential properties, especially across waterfront developments.
Read our latest report for an overview of the office, residential, retail and hospitality sectors in Dubai and Abu Dhabi.