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Mazaya Monthly Real Estate Report -
Week 2 - December 2015
Economic tourism has brought – and
will continue to bring – about numerous
investment prospects and high demand
for various real estate products.
Therefore, markets that have seen
high demand from the tourism sector
will ensure the safety of financial and
economic activity of these countries,
despite current economic pressures and
challenges being faced across the world.
Al Mazaya Holding Company’s
Weekly Real Estate Report states that
the UAE market is one of the best
and most successful in the region
for demonstrating the feasibility
of investment opportunities in all
economic sectors – especially in the
real estate, tourismand service sectors.
The UAE market is also at the forefront of
regional markets in having managed to
identifytheeconomicsectorsthatconstitute
long-term solutions for income sources,
economic diversification requirements and
globalisationof economiccompetitiveness.
Many sources expect that the tourism
sector’s contribution to the UAE
economy will amount to AED 130
billion by the end of 2016, a percentage
increase of four per cent, in contrast
with 2014. Tourism authorities expect
that the number of tourists will reach
24 million in 2016, an estimated growth
of 20 per cent, over the previous year.