Origin Private Office’s Strategic Entry into the UAE’s Booming Real Estate Market

The real estate sector in the UAE is witnessing significant momentum and attracting considerable interest from both regional and foreign investors.

The strength and resilience of the sector are evident in its strong performance in all segments, specifically residential, commercial, retail, and hospitality, despite the global economic headwinds.

In Abu Dhabi, Grade A rents rose 8% annually to touch an average of AED 1,790 per square meter per annum.

This increase was driven by robust business conditions and limited stock in the market for prime office space.

Retail also registered growth, with over 6,000 new contracts entered into in Q3 2022 in Dubai, following up with a robust pipeline of new retail spaces.

The continued ascent of online shopping has driven retailers to enhance their digital footprint, further boosting revenues in a competitive environment.