UAE: Real estate market booming

Published July 3rd, 2006 - 07:36 GMT
Al Bawaba
Al Bawaba

The real estate market is currently enjoying an unprecedented boom in the United Arab Emirates and has been rated as the most active of all real estate markets in the Gulf Cooperation Council (GCC) region.

 

Key drivers of the real estate sector in UAE have been high population growth rates, a youth-heavy age profile, huge inflows of expatriates, higher liquidity levels in the region, and proactive government policies, according to a report by the Kuwait-based Global Investment House (Global).