阿聯酋的房地產部門將看到全球私人資本的湧入

隨著市場的成熟，阿聯酋的房地產部門將湧入全球私人資本，機構資本以及國際家庭辦公室和資金。

The UAE's real estate sector is poised for a significant influx of global private capital, especially from institutional investors, international family offices and funds as the market matures. With a strong regulatory environment that supports international capital in benefiting from the opportunities, capital from all over the world is converging on the UAE.

阿聯酋的房地產部門有望大量湧入全球私人資本，尤其是從機構投資者，國際家庭辦事處和資金中，隨著市場的成熟。憑藉強大的監管環境支持國際資本從中受益的機會，來自世界各地的資本正在匯聚在阿聯酋。

It is also expected to see a shift towards digitization with Cryptocurrency, Tokenisation, Virtual Assets, Crowdfunding, Fractional Ownership, among others.

預計還會看到以加密貨幣，象徵化，虛擬資產，眾籌，分數所有權等方式轉向數字化的轉變。

Discussing the outlook for this sector in 2025, Amit Goenka, Chairman and MD of Nisus Finance, shares his thoughts on what’s driving the growing appeal of real estate funds like his—and how institutional investors are benefiting from the size, speed and governance advantages they offer over traditional channels.

Nisus Finance董事長兼醫學博士Amit Goenka討論了該行業的前景，分享了他對諸如他的房地產基金不斷增長的吸引力以及機構投資者如何從傳統渠道所提供的規模，速度和治理優勢中受益的想法。

"UAE has historically been seen as a trading hub—and not a permanent economy for international investment directly into capital assets. However, with the extraordinary vision of the Rulers, who have created future ready foundations, we see a paradigm shift.

“從歷史上看，阿聯酋一直被視為一種交易中心，也不是直接投資於資本資產的國際投資的永久經濟。但是，由於統治者的非凡願景，他們創造了未來的現成基礎，我們看到了範式的轉變。

The UAE is now more of a destination for global capital to invest and benefit from the opportunities thanks to its strong regulatory environment, progressive policies, and supportive ecosystem.

由於其強大的監管環境，進步的政策和支持性的生態系統，阿聯酋現在更是全球資本的目的地。

The UAE real estate market comprises almost US$680 billion of assets and US$ 207 billion of annual sales today. It is one of the fastest growing real estate markets globally with the highest rental yields, hospitality demand and new emergence of office, healthcare, education, and industrial assets, which are in short supply.

阿聯酋房地產市場今天的年銷售額近6800億美元和2070億美元。它是全球增長最快的房地產市場之一，其租金收益率最高，款待需求以及辦公室，醫療保健，教育和工業資產的新出現，它們的供應不足。

We see that the total amount of funding required each year to continue this pace of growth is in excess of US$100 billion.

我們看到，繼續這種增長速度所需的每年所需的資金總額超過1000億美元。

Also traditional families are unlocking legacy assets with an estimated USD 8 billion of free hold rented assets available for sale and another USD 6 billion of GCC assets for sale. There is hence a unique opportunity for institutional funds to buy into this USD 14 billion plus basket.

傳統家庭也正在解鎖遺產資產，估計有80億美元可供出售的自由持有資產出售，另外60億美元的海灣合作委員會資產出售。因此，機構資金有一個獨特的機會，可以購買這個140億美元以上的籃子。

Monies realized from such sales will recycle back into new age asset classes like tokenization and new real estate projects.

從這種銷售中意識到的款項將回收回到新時代的資產類別，例如令牌化和新房地產項目。

So we see this USD 100 billion real estate finance gap and USD 14 billion of asset sales as core value proposition. So, the need for private capital, private credit, and private equity to part-fund or buy into these developments is very critical to continue the current pace of growth."

因此，我們將這1000億美元的房地產融資差距和140億美元的資產銷售視為核心價值主張。因此，對私人資本，私人信貸和私募股權的需求對於繼續當前的增長速度至關重要。 ”

What are the key trends that you are monitoring in the affordable housing segment in 2025—and what role do you see for new capital to support this evolving need?

您在2025年的負擔得起的住房部門中監視的關鍵趨勢是什麼？您看到新資本支持這一不斷發展的需求的角色是什麼？

"We have a sharp focus on affordable housing. About 95 percent of the rental demand lies in the affordable housing market which is under short supply.

“我們對經濟適用房的重點非常重視。大約95％的租金需求在於經濟適用房市場，該市場供應不足。

We have seen nearly 1000 families take up residency each day in Dubai (which makes over 90,000 residencies in the first quarter of 2025) which are prime consumers for mid income and affordable housing The rental growth has surged by over 28% y-o-y and capital value has gone up by over 20% on the back of this influx.

我們已經看到，每天近1000個家庭在迪拜（2025年第一季度都在90,000多個住所中佔有90,000多個住所），這是中期收入的主要消費者，而負擔得起的住房的租金增長飆升了28％以上，資本價值在這次流入的後面增長了20％以上。

For investment, affordable housing is always a safe bet as demand will continue to be high for affordable housing as over 4 million people are expected to be added to the country’s population over the next few years . I don’t think the affordable housing segment will have any problem in attracting investment.

對於投資而言，經濟適用房始終是一個安全的選擇，因為對於經濟適用房的需求將繼續很高，因為預計未來幾年將增加400萬人的人口。我認為負擔得起的住房領域不會在吸引投資方面有任何問題。

The recent announcement of Dubai Residential REIT, GCC’s first pure-play listed residential leasing-focused REIT, expected to be the GCC’s largest listed REIT, with a gross asset value (“GAV”) of AED 21.63 billion, strongly underscores our hypothesis.

GCC最近宣布的迪拜住宅REIT是第一個純種純播放式住宅租賃重點的REIT，預計將是GCC最大的REIT，其總資產價值（“ GAV”）為216.3億AED，強烈強烈地強調了我們的假設。

We see that the institutions are now interested in entering the market in a big way.

我們看到這些機構現在有興趣大量進入市場。

The market is in the formation stage for institutional capital of participate in this high growth high yield story.

市場正處於參與這一高增長高收益故事的機構資本的地層階段。

We at NiFCO have been early movers in this segment and have a best-in-class track record in deploying capital in key micro-markets like Jumeirah Village Circle (JVC) and Al Furjan. These are the top mid income housing markets of Dubai. We continue to focus on such key locations like Arjan, Dubai Silicon Oasis, Barsha, Motor City, Production City, Dubai South etc and GCC locations like Mankhool which are top destinations for mid income executive housing.

NIFCO的我們一直是這一細分市場的早期推動者，並且在朱美拉鄉村圈（JVC）和Al Furjan等主要微型市場中部署資本方面擁有一流的往績。這些是迪拜最高收入的住房市場。我們繼續專注於這樣的關鍵地點，例如Arjan，Dubai Silicon Oasis，Barsha，Motor City，Production City，Dubai South等，以及像Mankhool這樣的GCC地點，這些地點是中收入高管住房的頂級目的地。

With key infrastructure initiatives like Etihad Rail, the Al Makhtoum International Airport, the growth is now south bound. The rental demand in these locations are nearly 5x of supply.

隨著阿提哈德鐵路（Al Makhtoum International Airport）等關鍵基礎設施倡議，現在已成為南方。這些位置的租金需求近5倍。

Even after the new under construction projects are delivered, there will be an estimated shortage of nearly 39,000 dwelling units in Dubai basis current demand and much larger with the continued influx. Rents and capital values will hence continue to climb sharply over the next few years, delivering very high yields and appreciation to our portfolio."

即使在交付了新的建築項目之後，估計在迪拜的基礎需求中估計短缺近39,000個住宅單位，並且隨著潮流的持續而言，越來越大。因此，在未來幾年中，租金和資本價值將繼續急劇上升，對我們的投資組合產生了很高的收益和讚賞。 ”

How is Nisus Finance incorporating tools like AI, PropTech, or Blockchain into your asset evaluation and management processes

Nisus Finance如何將諸如AI，Proptech或區塊鏈之類的工具納入您的資產評估和管理流程