UAE real estate market projected to hit AED 2.98trn by 2031

Statista Market Insights data points to sustained demand across residential, commercial and mixed-use development as visualisation tools gain traction in the pre-construction phase.

Staff Writer
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Article summary

AI Generated

The UAE real estate market is projected to reach AED 2.98 trillion by 2031, according to Statista Market Insights, with demand rising across residential and commercial segments. Developers are increasingly adopting immersive visualisation tools to support decision-making during the pre-construction phase.

Key points

  • UAE real estate market forecast to reach AED 2.98 trillion by 2031
  • Statista Market Insights cites FDI, population growth as key drivers
  • Visualisation tech demand rising alongside project scale and complexity

The UAE real estate market is projected to reach AED 2.98 trillion by 2031, according to data from market intelligence platform Statista Market Insights, as population growth, foreign direct investment and sustained lifestyle demand continue to drive activity across the sector.

The forecast reflects confidence across residential, commercial and mixed-use development, with projects growing in both scale and complexity. Developers and investors are increasingly turning to planning and visualisation technologies to support decision-making before construction begins.

One company positioned to benefit is Lifesize Plans Dubai, an Australian-founded firm that provides life-sized architectural projections, augmented reality and immersive visualisation tools for the pre-construction phase.

The company entered the UAE market in 2023 and works with developers, architects and investors seeking to evaluate projects through 1:1 scale visualisations before breaking ground.

“The UAE’s projected real estate market growth reflects the country’s ability to attract global investors and residents through a combination of visionary planning, world-class infrastructure and a highly supportive business environment. As developments become larger and more sophisticated, there is an increasing need for immersive visualisation tools that support faster decision-making and enhance buyer engagement throughout the development process,” Georges Calas, CEO of Lifesize Plans Dubai said in a statement.