UAE Commercial Real Estate Market is expected to register a 10.7% CAGR through 2030F

The UAE commercial real estate market is rising due to strong economic growth, increased foreign investment, and the country's strategic positioning as a global business hub during the forecast period 2026-2030F.

According to TechSci Research report, “UAE Commercial Real Estate Market - By Region, Competition Forecast & Opportunities, 2030F, UAE Commercial Real Estate Market was valued at USD 24.6 Billion in 2024 and is expected to reach at USD 45.68 Billion in 2030 and project robust growth in the forecast period with a CAGR of 10.7% through 2030. The UAE’s economic growth and diversification have been primary drivers of the commercial real estate market. As the country continues its push to reduce dependence on oil revenues and expand sectors such as tourism, technology, and finance, demand for commercial real estate has surged. The government’s Vision 2021 and the Dubai Expo 2020 (now Expo 2021 due to the pandemic) have been significant contributors, positioning the UAE as a global business hub. This economic diversification has led to increased demand for office spaces, retail centers, and industrial properties, as businesses look to establish a presence in a growing economy. This has been reflected in commercial property investments in Dubai, where the real estate sector contributed to about 13% of the emirate’s GDP in 2023, signaling robust sectoral growth. Major projects like the Dubai Creek Harbour and Abu Dhabi's new financial district further reinforce this economic transformation, creating long-term value for commercial real estate markets across the country.

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Abu Dhabi has emerged as the fastest-growing region in the UAE’s commercial real estate market due to a combination of strategic government initiatives, significant infrastructure investments, and an expanding economic base. The government’s commitment to economic diversification, away from oil dependency, has propelled sectors such as technology, finance, and tourism, creating heightened demand for commercial properties. Major infrastructure projects like the development of the Yas Island and Al Reem Island, along with the creation of dedicated free zones, have made Abu Dhabi increasingly attractive to both local and international businesses. The introduction of new business-friendly policies, such as the 100% foreign ownership law in specific sectors and long-term visa schemes, has drawn more foreign direct investment (FDI) into the region, fueling commercial real estate growth. In 2024, Abu Dhabi’s real estate market saw a 15% increase in commercial property transactions compared to the previous year, driven by demand in office spaces, retail locations, and industrial properties. Additionally, the rise of high-end mixed-use developments and the government’s focus on creating sustainable, smart cities like Masdar City has spurred significant demand for energy-efficient commercial properties. Abu Dhabi's growing role as a business hub for sectors such as renewable energy, finance, and healthcare has increased the need for top-tier office spaces, while its expanding tourism and hospitality offerings have boosted demand for retail and leisure facilities. These factors, combined with the emirate’s attractive property prices compared to Dubai, have positioned Abu Dhabi as a rapidly growing commercial real estate market. This trend is expected to continue as the city’s economic transformation gains momentum, further establishing its dominance in the UAE’s commercial real estate landscape.

In 2024, Based on Specialty, the data centers segment has become the fastest-growing in the UAE commercial real estate market due to the region’s increasing demand for digital infrastructure driven by technological advancements and the growing reliance on cloud computing, big data, and artificial intelligence. With the UAE emerging as a major hub for technology and innovation in the Middle East, businesses across sectors such as finance, healthcare, and e-commerce are investing heavily in data storage, processing, and security solutions. The UAE government’s Vision 2021 and its focus on creating a digitally connected, innovation-driven economy have spurred significant growth in the data centers sector, attracting both local and international tech giants like Amazon Web Services (AWS), Microsoft, and Google Cloud to establish their presence in the country. In addition, the UAE’s strategic geographic location between Europe, Asia, and Africa makes it an ideal location for regional data centers, facilitating faster data access and processing. The region’s rapid digital transformation, supported by investments in 5G networks and smart cities, has further accelerated the demand for robust, scalable, and secure data infrastructure. According to industry estimates, the UAE’s data center market is expected to grow at a compound annual growth rate (CAGR) of 10% through 2025, driven by both public and private sector investments. The increasing number of enterprises shifting to cloud-based services, coupled with the rise in data traffic, has made data centers a vital component of the UAE's commercial real estate landscape. Moreover, the government's regulatory framework, such as data protection laws and initiatives to boost cybersecurity, has created a favorable environment for the growth of the data center industry, cementing it as a key pillar in the UAE’s real estate market.

Key market players in the UAE Commercial Real Estate Market are: -

• Emaar Properties PJSC
• Nakheel PJSC
• Aldar Group
• Prologis, Inc.
• Tishman Realty & Construction LLC
• Lincoln Property Company
• Blackstone Inc.
• Realogy Holdings Corp.

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“The UAE commercial real estate market presents significant opportunities driven by factors such as economic diversification, infrastructure development, and growing demand for flexible workspaces. The government's ongoing investments in large-scale infrastructure projects, including smart cities and transportation networks, create prime locations for commercial developments. Additionally, the rise of e-commerce and logistics demand opens opportunities in industrial and warehouse spaces, particularly in key trade hubs like Dubai and Abu Dhabi. The increasing trend of flexible office spaces, driven by the shift to remote work, further enhances market prospects. Moreover, Dubai’s status as a global tourism and business destination presents opportunities in hospitality, retail, and mixed-use developments. With foreign investment inflows and favorable business regulations, including 100% foreign ownership, the UAE continues to offer a dynamic environment for both local and international investors in commercial real estate.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“UAE Commercial Real Estate Market By Retail (Regional Malls, Community Centers, Strip Malls), By Specialty (Self-Storage, Data Centers, Entertainment Venues), By Region, Competition Forecast & Opportunities, 2020-2030F” has evaluated the future growth potential of UAE Commercial Real Estate Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in UAE Commercial Real Estate Market.

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