Positive indicators for Q3

14.10.2014
Rapid population growth, governmental globalization policies, and improving income levels are some of the factors that have been attributed to the growth in the sector.
UAE's real estate sector is robust and in line with the country's surging economy, according to TASWEEK Real Estate Development and Marketing’s latest comprehensive market intelligence report. Rapid population growth, the government’s globalization policies, and improving income levels are some of the factors that have been attributed to the growth in the sector.
The UAE's population continues to grow at 7.6% yearly, one of the highest worldwide and is expected to hit 9.9 million by the end of 2014 and 18.83 million by 2023.
“There was a fluctuating yet sustained demand for real estate in Q3 as the size of the population expanded exponentially. This trend is only natural as the sector strives to meet the needs of the people. Other indicators include stronger banking liquidity, more services, and either sustained or increased prices for off-plan rentals and sales. Further bolstering the industry’s expansion is the UAE Government’s move to put significant measures in place to prevent any speculative activity in real estate and to control credit growth. In the coming years, TASWEEK expects the local industry to continue its uptrend not just due to the rising population and the sector’s steady recovery but also due to other fundamental factors such as surging investor confidence, Dubai’s vastly improved financial status, and joint public and private projects buoyed by Dubai’s hosting of World Expo 2020,” said Masood Al Awar, CEO, TASWEEK Real Estate Development and Marketing.
TASWEEK’s UAE Real Estate Market Report for Q3 2014 also shows that the overall inflation rate remained at less than 2% year-on-year in March although it continues to go up mainly due to rising rents.

Subscribe to our news

Latest Availability
Latest property news
Send us an enquiry or request a call back
Your name *
Phone
E-mail *
Your message *
*- indicates required
Request a call back
Lease process (Rent out)

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

Property management

Lease process (Rent)

1 hour

Contract of the lessee and agency.

Up to 5 days

Real estate search.

Selection of optimal options.

Up to 2 days

Signing of the lease agreement

Expenses of the lessee:

-5% agency commission of the annual contract price

Additional services:

None

Purchase process

1 hour

Contract of the tenant and agency.

~ 2 weeks secondary

~ 3 weeks new building

Property Selection

Selection of optimal options

1 Week

Registration of the contract of purchase / sale

Customer charges:

  • 2% from purchase at transaction
  • 4% - registration of the transaction at registration

Additional services:

Property management

Sales Process

1 hour

Contract of the lessee and agency.

Required documents:

  • copy of the passport
  • copy of the certificate of ownership

1 day

Ad placement:

  • 20 real estate portals;
  • client base of the agency;
  • profile exhibitions, etc.

Up to 2 days

Signing of the lease agreement

Expenses of the seller:

None

Additional services:

None

the management process

1 hour

Contract of the owner and agency

1 year

Rendering of management services

1 day

Reporting

Expenses of the owner:

5% of the annual rental price

Additional services:

None

Investment Process

1 hour

Contract of the tenant and agency.

From 3 days

Selection of optimal investment options

1 Week

Registration of the contract of purchase / sale

Expenses of the investor:

  • 2% when investing in the secondary market
  • 0% when investing in a new building
  • 4% - registration

Additional services:

Property management