“Rising incomes are expressed not in rising home prices, but in increasing amounts of housing consumed.” Robert J. Shiller, Best-selling author of Irrational Exuberance and Sterling Professor of Economics, Yale University.
This statement remains top of mind and serves as a lens in developing a framework to evaluate and invest in real estate projects across the UAE in Dubai, Abu Dhabi, Sharjah and Ras Al-Khaimah.
Depending on whether the project is off-plan vs. ready vs. distressed, analyzing a host of economic, financial and valuation metrics (similar to Blackstone, CBRE and Robert Shiller of Yale) specific to the region, city and location is key: