logo redirect pin user minus plus fax mobile-phone office-phone data envelope globe outlook retail close line-arrow-down solid-triangle-down facebook globe2 google hamburger line-arrow-left solid-triangle-left linkedin wechat play-btn line-arrow-right arrow-right solid-triangle-right search twitter line-arrow-up solid-triangle-up calendar globe-americas globe-apac globe-emea external-link music picture paper pictures play gallery download rss-feed vcard account-loading collection external-link2 internal-link share-link icon-close2
Saudi Arabia
  • Global
  • United States
  • Albania
  • Argentina
  • Australia
  • Austria
  • Bahrain
  • Baltics
  • Belgium
  • Bosnia & Herzegovina
  • Brazil
  • Bulgaria
  • Cambodia
  • Canada
  • Chile
  • Colombia
  • Croatia
  • Czech Republic
  • Denmark
  • Egypt
  • Finland
  • France
  • Germany
  • Greece
  • Hong Kong
  • Hungary
  • India
  • Indonesia
  • Ireland
  • Israel
  • Italy
  • Japan
  • Jordan
  • Kazakhstan
  • Kenya
  • Korea
  • Kuwait
  • Latin America
  • Luxembourg
  • Mainland China
  • Malaysia
  • Mexico
  • Montenegro
  • Morocco
  • Netherlands
  • New Zealand
  • North Macedonia
  • Norway
  • Oman
  • Pakistan
  • Panama
  • Philippines
  • Poland
  • Portugal
  • Romania
  • Saudi Arabia
  • Serbia
  • Singapore
  • Slovakia
  • Slovenia
  • South Eastern Europe
  • Spain
  • Sweden
  • Switzerland
  • Taiwan
  • Thailand
  • Turkey
  • Ukraine
  • United Arab Emirates
  • United Kingdom
  • Venezuela
  • Vietnam
English
  • English
  • ARABIC
  • Services
    • Business Lines
      • Consulting
      • Valuation
      • Advisory and Transaction Services
      • Property Management
      • Global Workplace Solutions
    • Services for Investors and Developers
      • Consulting
      • Valuation
      • Property Management
    • Services for Occupiers
      • Valuation
      • Workplace and Occupancy
      • Project Management
      • Occupier Transactions
    • Industries and Specialties
      • Offices
      • Retail
      • Industrial and Logistics
      • Hotels & Tourism
      • Energy and Sustainability
  • Research & Reports
    • About CBRE Research
  • People & Offices
  • About CBRE
    • Blog
      Careers
      Corporate Information
      Media Centre
      Corporate Responsibility
      Investor Relations

Previous

Press Release
UAE Domestic Tourism 2020

Next

Press Release
CBRE Group Inc Q3 2020 Financial Results
  • About
  • Media Centre
  • Home Sentiment Survey – Q3 2020

Home Sentiment Survey – Q3 2020

November 2, 2020
  • Email
  • Share
  • Tweet
  • Share

Home sentiment survey

UAE homeowners see light at the end of the tunnel; while UAE renters look forward to lower rents in the next 12 months. Saudi Arabia and Egypt respondents are more bullish.

Peninsula Real Estate Releases Results of MENA Home Sentiment Survey – Q3 2020

In conjunction with our partners, CBRE, Cityscape, Eltizam and Berkshire Hathaway Home Services, Peninsula are delighted to release today, both in short form (see report) and as a more detailed report (see report), the results of our third Middle East and North Africa Home Sentiment Survey.

The Survey was conducted in the first two weeks of October. The findings therefore provide an important snapshot of sentiment towards real estate in the first quarter subsequent to the relaxation of Covid-19 mitigation measures. The survey’s findings represent a compilation of around 2,500 data points from homeowners, renters and investors in the region.

As of the end of Q3 2020:

  • In the UAE, homeowners have become more positive on the outlook for residential real estate in the coming 12 months. At the end of Q3 2020, 50% of homeowners responding to the survey reported that they expect home prices to be stable or increase in the next 12 months. This is up from 41% at the end of Q2 2020.
  • 33% of UAE homeowners expressed their belief that home prices will increase in the next 12 months, up from only 11% of respondents in Q2.
  • Renters in the UAE whose lease expired in Q3 2020 were, on average, able to negotiate a decrease in rent of between 5 to 10%. Similar declines are expected in the next 12 months when current leases expire.
  • Sentiment in Saudi Arabia and Egypt continues to be more positive than in the UAE. In Saudi Arabia, 59% of respondents expect prices and rents to increase in the next 12 months. In Egypt, the bull market seems largely unaffected by Covid – with 72% of respondents expecting prices and rents to rise in the coming 12 months.

 

Peninsula’s Chief Economist, Dr. Christopher Payne, is available to discuss these findings in more detail. Please feel free to contact him on +971 (0) 50 433 4712. His email address is [email protected].  

Contact Us

Mehdi_Sitecore
Mehdi Aliouat
Head of Marketing & Communications MENA
+971 4 437 7261
+971 52 1005 122
  • About Us
  • Corporate Information
  • Corporate Responsibility
  • Investor Relations
  • Contact Us
  • Global Web Privacy and Cookie Notice
  • Sitemap
  • Terms of Use
  • Twitter
  • Facebook
  • LinkedIn
  • Instagram