Insights

Real Estate Predictions 2023

A market overview of Dubai and KSA

Deloitte Middle East’s Real Estate Predictions 2023 reports focus on the performance of Dubai and Saudi Arabia’s real estate market in 2022, covering the hospitality, residential, retail, office and industrial segments and the outlook for 2023.

Real Estate Predictions 2023 | Dubai

Pent-up demand from travellers and increased spending by residents led the post-pandemic recovery of the real estate sector in Dubai. Amidst global economic uncertainty and recessionary fears, Dubai’s status as a safe haven has attracted investors to the market throughout 2022.

Real Estate Predictions 2023 | KSA

Saudi Arabia’s gross domestic product (GDP) grew by 8.6% in Q3 2022 and is expected to grow by 8.3% in Q4 2022, before moderating to 3.7% and 2.3% in 2023 and 2024 respectively, according to the World Bank. The post-COVID recovery of the real estate sector is led by increasing tourist demand and government spending on infrastructure projects such as the Riyadh Airport expansion, among others.

Stefan Burch

Partner | Real Estate

sburch@deloitte.com

+973 3955 3776

Stefan has over 15 years of experience in the real estate sector, ten of which have been in the Middle East, with a focus on Saudi Arabia. During this time Stefan has provided valuation, feasibility a... More

Oliver Morgan

Partner | Real Estate

omorgan@deloitte.com

+971 (0) 50 813 7861

Oliver is the Head of the Real Estate Development team leading mandates for Deloitte across the MENA region. With experience since 2004, Oliver advises government bodies, developers, investors and cor... More

Manika Dhama

Director | Real Estate

mdhama@deloitte.com

+971 (0) 52 689 1471

Manika is a Director in the Real Estate practice of Deloitte, where she leads development advisory projects, preparation of expert witness reports for construction disputes and market research service... More

Dunia Joulani

Director | Travel, Hospitality & Leisure Lead

djoulani@deloitte.com

+971 (0) 56 622 8692

Dunia is a Director and leads the Travel, Hospitality and Leisure team within the Real Estate service offering. Since joining Deloitte, Dunia has managed projects across the MENA region covering hotel... More

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Real Estate Predictions 2023

A market overview of Dubai and KSA

Real Estate Predictions 2023 | Dubai

Real Estate Predictions 2023 | KSA

Get in touch

Partner | Real Estate

Partner | Real Estate

Director | Real Estate

Director | Travel, Hospitality & Leisure Lead

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