The report titled “UAE Real Estate Market Outlook to 2013” discusses in details various aspects of the UAE’s real estate market with the focus on the prevalent competition amongst Dubai, Abu Dhabi and the areas of Northern Emirates. The report covers the comprehensive analysis on the market size of the real estate sector in UAE on the basis of supply and contribution of the real estate sector to the economy of the country, market segmentation, competitive landscape and company profiles of major developers operating in UAE. The report also entails the SWOT analysis of the real estate sector in UAE. The future projections and outlook provide an insight on the future growth drivers and challenges in the real estate sector of UAE. http://www.bharatbook.com/market-research-reports/infrastructure-market-research-report/uae-real-estate-market-outlook-to-2013.html
 
 The real estate sector In UAE has registered a marginal recovery in the year 2010. The demand for real estate properties have increased, especially in the residential segment of the market in the affordable housing units on account of the reviving economy and increasing employment. In addition, the marginal fall in the prices or rental rates have once again led the buyers to enter in the market but with a cautious attitude. Market Research Reports
 
 The real estate market in UAE has been significantly dominated by the Northern Emirates with a market share of ~% in 2010. This share has been contributed majorly by the real estate developments in the cities such as Sharjah, Ajman, Umm Al Quwain and Ras Al Khaimah (RAK).
 
 The Dubai real estate market follows the Northern Emirates, with a share contribution of ~% in 2010 and with several real estate development projects in the pipeline. Moreover, an increasing demand for affordable housing units and the reviving economy has resulted in the marginal growth of the real estate market in Dubai.
 
 Abu Dhabi, which contributed around ~% of the real estate market in UAE in 2010, suffered a setback due to the higher prices and rental rates as compared to other neighboring cities in the UAE.
 
 In 2010, a strong demand for affordable residential properties from the low and the middle income segment of the population was recorded across Dubai. Although the market in 2010 has showcased signs of recovery but uncertainty still prevails on the investor’s side as people continue to be risk averse. The declining rental rates of apartments across Dubai have made the availability of properties at competitive rates, due to which landlords and owners are further declining their rates than the prevailing one in order to avoid the loss due to high vacancy rate. Although the prices of villas and apartments in 2010 fell by ~% and ~% respectively but the sales remain unaffected for these segment of the residential market. Demand majorly flowed for affordable flats in the Emirate which constituted around ~% of the transactions in 2010.
 
 The office segment of the real estate market contributed around ~% to total the real estate market in Dubai 2010. The office segment was closely followed by the hotel segment with ~% market share and, has been primarily driven by the inbound tourists. This inflow of tourists has increased the requirement of hotel rooms in the Emirate. Similarly, the retail real estate market which contributes ~% in 2010 has been driven by the foreign tourists those who visit the city for the purpose of shopping.
 
 The Abu Dhabi real estate market has recorded a considerable increase in the supply of real estate over the years. The real estate market supply has increased from ~thousand square meters of GLA in 2005 to ~ thousand square meters in 2010 at a CAGR of 6.4%. This growth was majorly due to an increase in the supply of office, retail and hotel spaces. Moreover, a considerable growth in the population has resulted into higher demand for residential properties in the city.
 
 In 2010, the rental rates of apartments and villas declined in almost all the cities of the Northern Emirates. The apartment rental rates (including one, two, three and studio apartments) in Sharjah declined by ~, ~% in Ras Al Khaimah (RAK) and ~% in Fujairah. The market in Ajman faced a decline in the apartment rental rates as tenants opted to shift to Sharjah due to lower rental rates as compared to Ajman, as result the residential real estate market in Ajman remained under pressure in 2010. Additionally, Umm Al Quwain (UAQ) turned out to be the most economical emirate in 2010, with an average monthly rental of USD 6,805 per annum. The office real estate market remained affected and over supplied due to the economic slowdown and weak demand. Following to which, the Sharjah Executive Council (SEC) in the latter half of 2010, passed a new decree under which landlords were allowed to convert their residential properties to office premises.
 
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