UAE's Property Market Witnesses Double-Digit Growth in Q1 2023: CBRE Report

 

UAE

The UAE's property market has experienced a significant surge in sales and rental rates during the first quarter of 2023, according to the latest report from global consultancy firm CBRE. The double-digit growth observed in the market reaffirms the country's status as a lucrative investment destination, showcasing the resilience and attractiveness of the UAE's real estate sector.

Key Findings:

  1. Sales and rental rates soar: The report highlights a substantial increase in both sales and rental rates, indicating a thriving real estate market in the UAE. This growth demonstrates the sustained demand and investor confidence in the sector.

  2. Robust economy and investor-friendly policies: The UAE's strong economic fundamentals and favorable policies contribute to the positive performance of the property market. Investors find the market conducive for long-term investments, leading to sustained growth.

  3. Attractive destination for property investment: With the double-digit growth witnessed in Q1 2023, the UAE solidifies its position as an attractive destination for property investors. The market's stability and potential offer lucrative opportunities for both domestic and international investors.

  4. Resilience amidst global challenges: Despite global uncertainties, the UAE's property market showcases its resilience, attracting investors seeking stable returns and capital appreciation. The growth in sales and rental rates reflects the market's ability to weather challenges and maintain an upward trajectory.

  5. The UAE's property market demonstrates impressive growth in sales and rental rates during the first quarter of 2023, positioning the country as a desirable investment destination. The strong performance of the real estate sector underscores the resilience, stability, and attractiveness

Comments

Post a Comment

Popular posts from this blog

“Today is a Special and Significant Day For UAE’s Space Mission”

Image
  I want to share something interesting about what I read today. It’s how f rom sending the initial Emirati into space, conveying a few earth-perception satellites and dispatching the principal Arab interplanetary mission to Mars, to shaping a space traveler corps and building up the Arab Space Cooperation Group , the UAE has had the option to secure itself as a main country for space investigation and related innovations. "In exploring the cosmos, the world speaks one language and that’s science", says @astro_hazzaa , #UAE 's first astronaut Hazzaa AlMansoori looks back on his historic space mission and how the UAE made the impossible possible. Read more: https://t.co/layGLYqOpY pic.twitter.com/S2i72dk3rU — Khaleej Times (@khaleejtimes) June 19, 2021   Looking at it, IAC 2021 is in continuation of the UAE's endeavors of its encouraging in the worldwide space field and is pointed toward extending the impacts of these accomplishments to the more extensive area,
Read more

Russian central bank hikes rates amid the Ukrainian crisis

Image
  Russia's central bank on Monday raised its key policy rate to 20 per cent from 9.5 per cent amid the Ukrainian crisis. The western countries imposed harsh sanctions against the country, which affected the Russian economy. The central bank also ordered companies to sell 80 per cent of their foreign currency revenues to manage the fallout of harsh economic sanctions. The West pummelled the country with economic sanctions over Russia’s invasion of Ukraine . Reportedly, the central bank said in a statement that external conditions for the Russian economy have drastically changed after Russia invaded Ukraine. The bank further said that the rate hike from 9.5 per cent to 20 per cent will ensure a rise in deposit rates to levels needed to compensate for the increased depreciation and higher inflation. According to Reuters, the central bank will also resume buying gold on the domestic market and ease restrictions on banks' open foreign currency positions. The Russian rouble plu
Read more

“UAE Emphasize the Proper Utilization of Plastics”

Image
  I want to share this indescribable status in UAE . It’s how the prohibition on single-utilization of plastic sacks in Abu Dhabi will become effective from June 1, following the consenting to of an arrangement with significant retailers vowing to help the new strategy planned to lessen single use plastics.   It’s amusing how the gathering of senior leaders from significant retail outlets in Abu Dhabi on Monday marked a willful announcement, committing them to help the execution of the Abu Dhabi Single-Use Plastic Policy. Major retail outlets in #AbuDhabi support implementation of Single-Use Plastics Policy. #WamNews https://t.co/p5c4KCcXwE pic.twitter.com/vnbD1GezI9 — WAM English (@WAMNEWS_ENG) May 23, 2022   For me, being focused on the significance of cooperating with inhabitants and retail outlets to address the difficulties connected with single-use plastics, and their effect on the climate
Read more