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In its latest report, real estate consultant JLL reveal that the UAE real estate market conditions are likely to remain challenging in 2019, but that investors and occupiers will now have the chance to introduce new strategies to enhance their performance.
The report, which looks at the UAE’s performance last year and offers an outlook for 2019, analysing the last year and looking ahead to new opportunities.
“While market conditions are likely to remain challenging, investors and occupiers have the opportunity to introduce new strategies to enhance their performance. These include opportunities within new and emerging real estate asset classes such as flexible offices and the logistics industry, along with opportunities to increase the performance of traditional real estate assets such as hotels and retail malls,” said Craig Plumb, Head of Research, JLL, MENA.
JLL also reveals the flexible office space trend and looks at how the global move towards flexible office space represents one of the biggest shifts in the real estate industry across the wider EMEA region. Another trend making its way to the fore is the rise in technology, which is now high on the government’s agenda with Vision 2021.
“Building owners are also recognising that the digitisation of assets is an essential basis from which to create truly smart buildings that not only allow for facility managers to closely measure and monitor the technical performance of their buildings but also improve the attraction of buildings for tenants, thereby increasing their financial performance. Proptech will continue to have a profound impact across a number of areas including predictive technologies for analysing real estate, transactions across the market and providing smarter means of managing real estate,” says the report.