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United Arab Emirates Real Estate Report Q4 2014

  • ID: 2937302
  • September 2014
  • Region: United Arab Emirates
  • 75 pages
  • Business Monitor International
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FEATURED COMPANIES

  • Aldar Properties PJSC
  • Al-Habtoor Leighton Group
  • DAMAC
  • Deyaar Development
  • Dutco Balfour Beatty
  • Emaar
  • MORE

BMI View: Economic growth in the UAE will strengthen both property fundamentals and capital markets,
resulting in a more favourable outlook for tenant retentions, rental growth, development activity, financing and asset values.

The UAE real estate sector is emerging as an outperformer within the Middle East and North Africa
(MENA) region. Recent financial results by local property developers have overshadowed those by other sectors with companies recording an 82.4% growth in revenues during Q1 2014. This trend has been continuing in H2 2014 with a strong macroeconomic backdrop supporting high levels of consumer spending as well as trade growth, which has filtered through into demand for retail and industrial space in particular.

Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Aldar Properties PJSC
  • Al-Habtoor Leighton Group
  • DAMAC
  • Deyaar Development
  • Dutco Balfour Beatty
  • Emaar
  • MORE

BMI Industry View 7

SWOT 9

Political 11

Economic 12

Business Environment 13

Industry Forecast 14

Office 16
Table: Office Forecast Rents, April 2014 -September 2014 (USD per m2/month) 16
Table: Office Forecast Net Yield, 2011-2018 (%) 17

Retail 17
Table: Retail Forecast Rents, April 2014 - September 2014 (USD per m2/month) 17
Table: Retail Forecast Net Yield, 2011-2018 (%) 18

Industrial 18
Table: Industrial Forecast Rents, April 2014-September 2014 (USD per m2/month) 18
Table: Industrial Forecast Net Yield, 2011-2018 (%) 19

Construction And Infrastructure Forecast Scenario 19
Table: Construction And Infrastructure Industry Data (United Arab Emirates 2012-2017) 19
Table: Construction And Infrastructure Industry Data (United Arab Emirates 2018-2023) 20

Macroeconomic Forecasts 25

Oil Sector To See Only Marginal Gains 26

Fiscal Position Remains Solid 27

Risks To Outlook 28
Table: Economic Activity (United Arab Emirates 2009-2018) 29
Table: GDP By Expenditure (United Arab Emirates 2011-2018) 29

Industry Risk Reward Ratings 31

Middle East And Africa - Risk/Reward Ratings 31
Table: Middle East And Africa Real Estate Risk/Reward Ratings 31

United Arab Emirates Risk/Reward Ratings 32

Rewards 32

Risks 33

Market Overview 34

Abu Dhabi 36

Dubai 37

Sharjah 38

Office 38
Table: Terms Of Rental Contract/Leases, H2 2013 39
Table: Historic Rental Costs, 2012-2014 (USD per m2/month) 40
Table: Net Yield, 2012-2014 (%) 40

Retail 41
Table: Terms Of Rental Contract/Leases, H2 2013 43
Table: Historic Rental Rates, 2012-2014 (USD per m2/month) 43
Table: Net Yield, 2012-2014 (%) 44

Industrial 44
Table: Terms of Rental Contract/Leases, H2 2013 45
Table: Historic Rental Costs, 2012-2014 (USD per m2/month) 45
Table: Historic Net Yield, 2012-2014 (%) 46

Competitive Landscape 47

Company Profile 51

Aldar Properties PJSC 51

Al-Habtoor Leighton Group 53

DAMAC 55

Deyaar Development 57

Dutco Balfour Beatty 59

Emaar 61

Nakheel 64

Demographic Forecast 67
Table: United Arab Emirates' Population By Age Group, 1990-2020 ('000) 68
Table: United Arab Emirates' Population By Age Group, 1990-2020 (% of total) 69
Table: United Arab Emirates' Key Population Ratios, 1990-2020 70
Table: United Arab Emirates' Rural And Urban Population, 1990-2020 70

Methodology 71

Industry Forecast Methodology 71

Sources 72

Risk/Reward Ratings Methodology 72
Table: Real Estate Risk/Reward Ratings Indicators 74
Table: Weighting Of Indicators 75

Note: Product cover images may vary from those shown
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Aldar Properties PJSC
Al-Habtoor Leighton Group
DAMAC
Deyaar Development
Dutco Balfour Beatty
Emaar
Nakheel

Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown

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