Dubai real estate supply: myth busters
Source: REIDIN , Author: Posted by BI-ME staff
Posted: Mon August 21, 2017 12:03 pm

UAE. An analysis of housing stock and population reveals that over the last 9 years the former has been growing at a CAGR of 7.7%, whereas the latter has a CAGR of 5.92%.

From 2008 to 2016 the population per housing unit has decreased from 4.5 to 3.9, while occupancy rates have remained relatively stable inferring that population has become more affluent.(the lower the density per unit the higher the per capita income).

We opine that this trend will continue, especially given the trend of millennials in more developed markets.
 
The fears of an oversupply continue to permeate the zeitgeist of investors and dampen sentiment. According to the Dubai Statistics Center, the population grew at 10.6% in 2016.
 
This implies that as population growth rates increase, not only are fears of over supply unfounded; rather there is a significant possibility of sustained under supply as Dubai continues its expansion plans towards achieving its goals of the World Expo 2020 and beyond.
 
To read the full report click here: http://bit.ly/2vLLjpV

Click here to read this article complete with graphs on the REIDIN website

Photo Caption: World Expo 2020 Dubai Master Plan (File photo)

About REIDIN
REIDIN is the leading real estate information company focusing on emerging markets. REIDIN offers intelligent and user-friendly online information solutions helping professionals access relevant data and information in a timely and cost effective basis.

For more information, pleased visit www.reidin.com

About Unitas
Unitas believes in in-depth planning and discipline as a mechanism to identify and exploit market discrepancy and capitalize on diversified revenue streams. The purpose of Unitas is to manage, direct, and create wealth for our clients.

For more information, please visit www.unitasconsultancy.com

 

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