Dubai Real Estate Market Overview- Q1 2019

As Dubai gears up for Expo 2020, Q1 2019 saw multiple projects being re-commenced in the commercial sector and the highest number of deliveries in a single quarter for a number of years in the residential sector.

The performance of the office market remained soft with average rental rates continuing to face downward pressure. The residential market softened further with declines registered in both sale prices and rents during Q1 2019.

The retail market remains the most challenged sector due to the growth of e-commerce and the high level of future supply, which continues to exert downward pressure on rental rates across all mall types.

While occupancy rates across Dubai's hotels remained relatively stable at 85% in the year-to- February 2019, average daily room rates and revenue per available room continued to decrease on the back of increased supply.

Read our Dubai real estate market overview for Q1 2019 to find out more.

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