Demand for luxury homes and offices in Saudi Arabia and the UAE has provoked the need for real estate

Saudi Arabia and the UAE continue to lead the real estate market in the Middle East region, relying on government initiatives and developing market dynamics.

Real estate experts are largely optimistic about the prospects for future growth of the real estate sector, as both countries continue their main measures to diversify the economy.

International firms are also largely responsible for shaping the overall demand for commercial premises in the UAE. This was due to a recent government mandate in which foreign companies were invited to establish their regional headquarters in the UAE by 2024. 

However, at the beginning of the year, the commercial real estate segment faced numerous obstacles, including an oversupply on the market.

In the UAE, housing will remain an attractive proposition for buyers as Dubai continues to strengthen its position as a global business and lifestyle hub.