The paper "The UAE Housing Market Analysis" is a great example of a micro and macroeconomic case study. The UAE is among the fast-developing nations in the world. This growth owes to the ability of most sectors of the economy to match up to the requirements that come with being a developed nation. It is a federation of seven kingdoms that include Abu Dhabi, Ajman, Dubai, Fujairah, Ras Al-Khaimah, Sharjah, and Umm al-Qaiwain. Although most people may associate the country with elevated levels of insecurity and instability, the monarchies have invested heavily in different sectors of the economy.
It has a population of about 9.3 million and is ranked 25th in the economic sector. To improve its international accreditation, the country has ensured it maintains notable success in the open markets and regulatory efficiency sectors. One of the most successful sectors of the UAE economy is the rate of growth that the country experiences in the housing sector. To ascertain the development of the housing sector, various factors need to be evaluated. The geographical location, demographics and economic factors play an important part in shaping the UAE supply of housing.
The UAE population is largely composed of expatriates, therefore, raising the stakes in the accommodation of luxurious and lavish housing units (Ponzini, 2011). Moreover, considering the UAE can accommodate residents and natives in search of business and pleasure, the housing sector has experienced increased competition. With stunning beaches, top-class bistros, striking vessels and landmarks like the Burj Khalifa all a part of everyday life, are some of the reasons people are relocating and purchasing houses in the UAE (Zembowicz, 2009). The housing economy in the UAE contributes extensively to the gross domestic product as well as propels economic development in the country.
It plays an important part in concentrating investors from across the globe that considers the future positive value of the sector and the returns that are imminent.
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