The real estate sector in the UAE is facing many obstacles that limit medium housing projects, which target a large segment of the population burdened by rents to move to own housing units suitable for their financial solvency, while real estate experts confirmed that the high land prices and the cost of construction and financing are among the most prominent obstacles.

The real estate sector in the UAE is facing many obstacles that limit medium housing projects, which target a large segment of the population burdened by the hassle of rents.

In addition, officials explained that the profit margins of medium real estate developers are no less than those of companies specialized in developing luxury real estate, indicating that the number of medium real estate developers is quietly increasing, and some stressed that obtaining an affordable housing unit is a challenge for families in Dubai.

Officials stressed that this segment of the population has an opportunity to find a housing unit at an affordable price.

In the same direction, Director General of the Dubai Land Department Sultan Butti bin Mejren stressed that projects targeting the middle segment guarantee rewarding returns for real estate companies, given the sustainability of the medium housing market characterized by the sustainability of demand and the large number of customers, explaining that the real estate market in Dubai is stable, and the construction of projects targeting middle-income people increases the competitiveness of the market and supports its stability.

Director General of the Dubai Land Department Sultan Butti bin Mejren stressed that the number of middle-class real estate developers is quietly increasing.