Facebook Twitter Linkedin Youtube RSS
Eye of Dubai
 
Sunday, April 21, 2019
Sign up for newsletter:
Advertise with us
℃ Dubai   
Close
| Register | Login
Username
Password
Image Verification
Refresh
Close
|
Business & Money NEWS
Business & Money is sponsored by:
Posted on: Tuesday 5 February, 2019 1:41 pm
Deloitte Real Estate Predictions 2019: Change that responds to challenges

Deloitte Financial Advisory launched the fifth annual Middle East Real Estate Predictions, Dubai, which examines the performance of Dubai’s real estate market in 2018 and forecasts the changes in the hospitality, residential, office, retail and industrial and logistics markets in 2019.

 

Oliver Morgan, Development Director in Deloitte’s Real Estate team in the Middle East said,We are in a challenging market that is seeing a significant growth in supply, while macroeconomic headwinds are increasing. Dubai is a resilient market that drives growth through innovation and is expected to be well positioned looking forward to future market cycles.”

 

Dubai’s hospitality market will see continued growth in tourist arrivals, with a change in visitor preferences to more affordable offerings, as key source markets continue to face economic uncertainty. Midscale hotels are expected to exert pricing pressure on other segments as they seek to provide a quality experience at value for money. Despite economic and market challenges in 2018 compared to previous years, Dubai remains one of the most competitive hotel markets in the world.

 

The residential market has experienced significant pressure owing to an increase in supply and reduced purchasing power from key source markets. Longer-term prospects should be viewed beyond 2019 as the population continues to grow and household sizes get smaller.

 

Dubai’s office market will see a fundamental shift in patterns of occupation with anticipated changes to ownership regulations. Companies will have a larger variety of options as they are not restricted to specific areas. Once this comes into effect, it is expected to prompt certain relocations as larger corporate occupiers seek to consolidate and optimise their operations. The introduction of these new regulations, in addition to new quality accommodation options, may see a two-tier office market in 2019.

 

Digital disrupters are changing the retail landscape. The increased supply of retail units, popularity of e-commerce and declining disposable incomes continue to put pressure on the retail sector. Retailers that offer experienced focused shopping through an omni-channel platform are increasingly in pole position to attract customers. Data and technology provide the retailers with a better understanding of consumers, the ability to respond to preferences in real time, as well as offer greater convenience and access to product information.

 

Continued growth in UAE imports and exports have driven demand for industrial and logistics. A strong infrastructure pipeline, improving business sentiment, the expansion of e-commerce and preparations for the EXPO 2020 will spur further investment in the logistics sector.

 

About the Middle East Real Estate Predictions report, Dubai 2019

 

A Deloitte initiative that was produced by undertaking in depth market research, extensive consultations with industry stakeholders and analysis of data from sources that include the Economist Intelligence Unit (EIU), MasterCard, Oxford Economics, Reidin and STR Global. The research comprised an assessment of the trend performance and future prospects for Dubai’s hospitality, residential, retail, office and industrial markets.

 


Print this Article
comments powered by Disqus


Eyeofdubai Autos
Jobs
Realestate
Book Hotels
Our Sponsors
  • Mobily
  • Emirates Airline
  • Saudi Arabian General Investment Authority
  • Alsorayai Group
  • Emaar
  • HP
  • Council of Saudi Chambers
  • Lomar
  • SAUDIA AIRLINES
  • Emirates NBD
  • du
  • Dubai Chamber
  • Dubai Tourism
  • Microsoft
  • Riyadh Chamber of Commerce
Eye Of Dubai
Islamic Date Converter Close
Gregorian Calender
Month Day Year
Hijri/Islamic Calender
Month Day Year
Day of the Week:

World Time Close
Unit Converter Close
Kindly select the desired Values & Units:
Convert
 
Forgot Your Password Close
We will send an email to your inbox to clear things up
Username or Email
* Mandatory fields / Error alert
Submit
Track Shipments Online Close
Enter Aramex AWB number
Enter DHL AWB number
Enter Fedex AWB number
Enter TNT AWB number
Enter UPS AWB number
Daily Newspaper Close
www.emaratalyoum.com/
www.albayan.ae/
www.khaleejtimes.com/
www.alittihad.ae/
www.gulfnews.com
www.thenational.ae/
www.alroeya.ae/
www.emirates247.com/
www.alkhaleej.ae/
www.gulftoday.ae/