Built Asset Consulting

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20 February 2026

Learning From History: Gulf Property Market Cycles – Catalysts And Consequences

Everyone knows that housing and commercial property prices move in cycles. The pattern of a long-sustained build-up in asset prices followed by a sudden decline has been observed in Organisation for Economic Co-operation and Development (OECD) countries for decades. It is also known that real estate returns are generally more stable in the years between peaks and troughs. Not all cycles, however, are equally severe, nor are markets equally volatile. For example, comparing what has happened in Dubai since 2021 with UK average prices clearly indicates how much more volatile this Gulf market has been. And, of course, Dubai has seen much more impressive house price growth in recent years: when both markets are indexed to January 2008 = 100, UK prices stand at 158.3 while Dubai reaches 233.7.
16 February 2026

Dubai Residential Market Performance FY 2025

Dubai's residential real estate market concluded 2025 on a record-breaking note, with transaction volumes surpassing 200,000 and total values reaching AED 541.5 billion. Both off-plan and ready property segments outperformed 2024 levels, supported by robust investor appetite, strong end-user demand, and a steady stream of new project launches. Off-plan transactions accounted for 72.9% of total market activity, up from 69.3% in 2024, reflecting the market's increasing focus toward future developments. While this trend has driven growth, it has also created concentration risks, as the market has become heavily reliant on continued launch momentum and sustained buyer sentiment.
21 January 2026

Assessing the Role of Saudi Arabia’s Public Private Partnership (PPP) Programme in Real Estate

An immense commitment to Public Private Partnership (PPP) There is no doubt that Saudi Arabia is now home to one of the world’s largest and most successful Public Private Partnership (PPP) programmes. From early water and cogeneration projects (where gas-fired plants simultaneously produce electricity while capturing waste heat for industrial steam) launched in 2003, followed by electricity projects and the […]
12 January 2026

Dubai Retail and Warehouse Market Performance Q3 2025

Dubai’s retail and warehouse markets delivered a strong performance in Q3 2025, supported by resilient demand, constrained supply, and improving investor confidence. Retail sales activity accelerated sharply during the quarter, with transaction volumes rising quarter on quarter and total deal value surpassing the AED 1 billion mark for the first time in a single quarter, driven primarily by robust off-plan activity.
23 December 2025

Saudi Arabia Residential Market Performance Q3 2025

Saudi Arabia's economy continued to deliver robust performance in 2025, with real GDP expanding by 4.3% in the first nine months of the year, driven primarily by the non-oil sector, which grew by 5.1% year on year. Reflecting this strong momentum, the International Monetary Fund (IMF) revised its 2025 growth forecast for the Kingdom upward to 4%, with a similar expansion projected for 2026.
3 December 2025

Sand, Steel and Sentiment: Real Estate Cycles in the Gulf

Real estate cycles matter The story of Atlantic Yards in New York is both instructive and sobering. Billed as the largest real estate project ever for the city, its launch timing was excruciatingly poor. Announced in December 2003, the planning delays and the design phase dragged out over more than four years. By the time construction began in earnest, the […]
13 November 2025

Dubai Residential Market Performance Q3 2025

Dubai's residential market continued to grow in Q3 2025, supported by strong macroeconomic fundamentals, population growth, and sustained investor confidence. The residential sales market recorded approximately 55,300 transactions, up 17.1% year-on-year, driven predominantly by exceptional off-plan activity. Off-plan sales surged to a record 42,000 transactions, up 23.6% year-on-year and accounting for 76% of total market activity, despite a moderation in new project launches during the quarter. However, off-plan resales declined to 6.1% of off-plan activity, down from 9.7% a year earlier. In contrast, the ready property segment showed more subdued activity, with transaction volumes declining 5.4% quarter-on-quarter and rising only 0.6% year-on-year, potentially reflecting price sensitivity among buyers or a short-term market correction.
8 October 2025

Gulf Real Estate Investment Trusts (REITs) – Still a safe haven?

Why REITs matter The global quest for a liquid version of physical real estate has been lengthy. It is littered with long-forgotten attempts that fell by the wayside, derailed mainly by the resolute refusal of numerous ministries of finance to grant them tax exemption.[1] Eventually a champion emerged, nurtured since 1961 in the United States: the Real Estate Investment Trust […]
22 September 2025

Saudi Arabia Residential Market Performance H1 2025 – Riyadh and Jeddah Spotlight Edition

The Kingdom’s economy maintained its upward trajectory in the first half of 2025, with real GDP growing by 3.6%, driven by non-oil activities, which expanded by 4.8% compared to H1’2024. Reflecting these conditions, the International Monetary Fund (IMF) slightly revised its forecasts, projecting GDP growth of 3.6% in 2025 and 3.9% in 2026. The real estate sector, however, experienced a modest slowdown in transactional activity compared to H2’2024. Despite this, both sales volumes and values increased in Riyadh City and Jeddah relative to the same period last year, suggesting that while seasonal fluctuations and rising prices have slightly tempered activity, the overall market remains robust, supported by ongoing population growth and strong economic momentum.
26 August 2025

Unlocking the Kingdom: Housing Markets and Foreign Ownership Rules

To date, certain countries have attracted the lion’s share of overseas investment into their residential markets: Australia, Canada, the United Kingdom, the UAE and the United States. These countries are all characterised by remarkably lenient regulations for foreign nationals wishing to buy real estate in their domestic markets. In the UK, for example, there are virtually no restrictions at all, neither geographic, nor residency, not sectoral, nor value. Controls exist only to confirm identity and to prevent money laundering.1 The USA, Australia and Canada are somewhat more restrictive – Canada even imposed a freeze on overseas purchases of residential real estate altogether in 2023.2
21 August 2025

Abu Dhabi Residential Market Performance H1 2025

Abu Dhabi’s economy demonstrated strong momentum in H1’2025, driven by robust non-oil trade, foreign investment, and high business confidence. Non-oil foreign trade rose 34.7% to AED 195.4 billion. Business sentiment remained positive, with Abu Dhabi Chamber membership exceeding 158,000 companies and foreign net investment on the Abu Dhabi Securities Exchange (ADX) nearly doubling to AED 13.6 billion. The aviation sector supported this growth, handling over 15.8 million passengers, aided by expanded international connectivity. Strategic infrastructure projects, ongoing diversification, and investor-friendly policies strengthened economic activity and attracted skilled talent, providing a solid foundation for the residential market.
14 August 2025

Dubai Office Market Performance H1 2025

Dubai’s investment landscape continued to flourish in the first half of 2025, reinforcing its status as the UAE’s leading economic hub. The Emirate attracted 526 greenfield foreign direct investment (FDI) projects, representing 86% of the national total and securing USD 3.03 billion in capital inflows. This growth was further supported by the Dubai International Financial Centre (DIFC), which recorded a 32% year-on-year increase in new business registrations, with 1,081 companies established. The Dubai office market also delivered an outstanding performance in H1’2025, reaching its highest sales activity in recent years. Approximately 1,900 transactions were completed, reflecting a 21.6% increase year-on-year. Meanwhile, the total value of office sales surged to AED 5.4 billion, marking an 83.9% rise compared to H1’2024.

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