Asteco Q4 2022 Real Estate Report: Renewed optimism, and increased investments

Asteco Q4 2022 Real Estate Report: Renewed optimism, and increased investments

Abu Dhabi – According to the Asteco 2022 Q4 real estate report, the UAE has demonstrated an impressive level of resilience in the aftermath of the COVID pandemic in 2022. The economic recovery, aided by higher oil prices and a revival in tourism and trade, resulted in a significant increase in inward investment, which led to record transactional figures. Advanced business reforms and government initiatives, such as the Golden Visa and efforts to transition to a digital-driven economy, are set to benefit the real estate market in 2023.

2022 Highlights:

The report indicated that the UAE’s economy continues to demonstrate growth and resilience in a challenging global context and is cementing its status as a globally attractive destination for investments.

2022, which started on a high note with the successful conclusion of Expo 2020, recorded a significant number of successful and noteworthy project launches. A trend which accelerated towards the end of the year and one that is expected to continue into 2023. These launches reflect a renewed sense of optimism in the real estate market, initially buoyed by a strongly performing secondary market and further supported by a surge in off-plan transactional activity.

In addition to a general rise in demand from end-users