In a pre-emptive move for the region's largest real estate event, speakers at the Cityscape Global conference, which began in Dubai yesterday, emphasized the urgent need to provide low- and middle-income housing units in the Dubai real estate market, revealing a shortage of housing units suitable for low-income groups, which includes more than 820,000 families, representing approximately 40% of all families in the UAE. Only 22% of the housing units launched in the emirate in 2015 were suitable for this segment.<\/p>\n
Social influence<\/strong><\/span><\/p>\n During the conference sessions, Craig Plumb, Head of Research at JLL MENA, warned of the socio-economic impact of the lack of supply of middle-income housing in the MENA region, and called for more efforts to correct the current imbalance between supply and demand in this segment.<\/p>\n Reasons for the severe shortage of housing units<\/strong><\/span><\/p>\n The reasons for the acute shortage of housing units are five main factors that have contributed to this shortage and the high prices that are unaffordable for middle-income groups: high land prices, high capital costs to build the necessary infrastructure such as roads, electricity and sewage, the adoption of prefabricated construction techniques, which has contributed to higher construction costs, lower financial returns for middle-income housing compared to other segments, making it less attractive to real estate developers, and the limited ability to obtain appropriate financing.<\/p>\n Preference for residential real estate investment<\/strong><\/span><\/p>\n A study conducted by YouGov, a global market research company, confirmed that more than half of investors prefer residential real estate as their first choice to spend $10 million in the UAE real estate market, noting that 60% of investors consider the UAE among the most promising regions for the real estate sector.<\/p>\n JLL defines middle-income housing as housing provided by the market that is affordable to the middle-income segment of families (40%-60%) based on the assumption that these families spend no more than 30% of their total household income on housing.<\/p>\n <\/p>","protected":false},"excerpt":{"rendered":" Reading time: <\/span> 2<\/span> Minutes<\/span><\/span>\u0641\u064a \u062e\u0637\u0648\u0629 \u0627\u0633\u062a\u0628\u0627\u0642\u064a\u0629 \u0644\u0644\u062d\u062f\u062b \u0627\u0644\u0639\u0642\u0627\u0631\u064a \u0627\u0644\u0623\u0643\u0628\u0631 \u0641\u064a \u0627\u0644\u0645\u0646\u0637\u0642\u0629 \u0623\u0643\u062f \u0627\u0644\u0645\u062a\u062d\u062f\u062b\u0648\u0646 \u0641\u064a \u0645\u0624\u062a\u0645\u0631 \u0633\u064a\u062a\u064a \u0633\u0643\u064a\u0628 \u062c\u0644\u0648\u0628\u0627\u0644 \u0627\u0644\u0630\u064a \u0628\u062f\u0623 \u0641\u064a \u062f\u0628\u064a \u0623\u0645\u0633 \u0639\u0646 \u0648\u062c\u0648\u062f \u062d\u0627\u062c\u0629 \u0645\u0644\u062d\u0629 \u0625\u0644\u0649 \u062a\u0648\u0641\u064a\u0631 \u0627\u0644\u0648\u062d\u062f\u0627\u062a \u0627\u0644\u0633\u0643\u0646\u064a\u0629 \u0644\u0630\u0648\u064a \u0627\u0644\u062f\u062e\u0644 \u0627\u0644\u0645\u0646\u062e\u0641\u0636 \u0648\u0627\u0644\u0645\u062a\u0648\u0633\u0637 \u0641\u064a \u0633\u0648\u0642 \u062f\u0628\u064a \u0627\u0644\u0639\u0642\u0627\u0631\u064a\u060c \u0648\u0643\u0634\u0641 \u0627\u0644\u0645\u0624\u062a\u0645\u0631 \u0639\u0646 \u0627\u0644\u0639\u062c\u0632 \u0641\u064a \u0627\u0644\u0648\u062d\u062f\u0627\u062a \u0627\u0644\u0633\u0643\u0646\u064a\u0629 \u0627\u0644\u062a\u064a \u062a\u0646\u0627\u0633\u0628 \u0641\u0626\u0627\u062a \u0627\u0644\u062f\u062e\u0644 \u0627\u0644\u0645\u062d\u062f\u0648\u062f \u0627\u0644\u062a\u064a \u062a\u0636\u0645\u00a0 \u0623\u0643\u062b\u0631 \u0645\u0646 820 \u0623\u0644\u0641 \u0639\u0627\u0626\u0644\u0629 … Read more<\/a><\/p>","protected":false},"author":10,"featured_media":6725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"gallery","meta":{"_acf_changed":false,"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"0","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_seopress_news_disabled":"","_seopress_video_disabled":"","_seopress_video":[],"_seopress_pro_schemas_manual":[],"_seopress_pro_rich_snippets_disable_all":"","_seopress_pro_rich_snippets_disable":[],"_seopress_pro_schemas":[],"footnotes":""},"categories":[100],"tags":[],"class_list":["post-6724","post","type-post","status-publish","format-gallery","has-post-thumbnail","hentry","category-residential","post_format-post-format-gallery"],"acf":{"amlak_post_excerpt":"","amlak_post_excerpt_source":{"label":"Amlak 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