UAE Real Estate Sector Soars Towards $710 Billion Valuation In 2024

The UAE real estate market is set to scale new heights, with projections indicating a staggering valuation of $710 billion by the year’s end.

[object Object] − 14 April 2024

The UAE real estate market is set to scale new heights, with projections indicating a staggering valuation of $710 billion by the year’s end. In alignment with the ambitious goals outlined in the UAE Net Zero 2050 and Dubai 2040 Urban Masterplan, Dubai’s real estate landscape is witnessing a gradual shift towards sustainability.

Ranked third globally with over 400 projects certified by LEED (Leadership in Energy and Environmental Design), Dubai is spearheading the sustainability drive, recognised as a critical step towards future-proofing the nation’s real estate market.

Madhav Dhar, Chief Operating Officer and founding member of ZāZEN Properties highlighted upcoming developments’ focus on minimising environmental impact through energy-efficient buildings, sustainable design, and innovative construction methods.Body Copy

UAE Real Estate Embracing Sustainability

Residential projects are embracing features such as maximising natural light, incorporating thicker concrete slabs for improved insulation, integrating smart technology, energy-efficient appliances, and even harnessing renewable energy sources like solar panels. These initiatives underscore Dubai’s commitment to advancing the nation’s green agenda.

A recent study by JLL revealed that buildings with higher levels of green certification command premium prices, with premiums ranging from five to ten percent higher in Dubai compared to key global markets such as London, major Asian cities, and prominent US and Canadian markets.
JLL further emphasised the growing demand for certified “green” buildings that consider social, economic, and health factors, noting the risk of devaluation...

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