阿联酋的房地产部门将看到全球私人资本的涌入

随着市场的成熟，阿联酋的房地产部门将涌入全球私人资本，机构资本以及国际家庭办公室和资金。

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.

阿联酋的房地产部门有望大量涌入全球私人资本，尤其是从机构投资者，国际家庭办事处和资金中，随着市场的成熟。凭借强大的监管环境支持国际资本从中受益的机会，来自世界各地的资本正在汇聚在阿联酋。

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

预计还会看到以加密货币，象征化，虚拟资产，众筹，分数所有权等方式转向数字化的转变。

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董事长兼医学博士Amit Goenka讨论了该行业的前景，分享了他对诸如他的房地产基金不断增长的吸引力以及机构投资者如何从传统渠道所提供的规模，速度和治理优势中受益的想法。

"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.

“从历史上看，阿联酋一直被视为一种交易中心，也不是直接投资于资本资产的国际投资的永久经济。但是，由于统治者的非凡愿景，他们创造了未来的现成基础，我们看到了范式的转变。

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.

由于其强大的监管环境，进步的政策和支持性的生态系统，阿联酋现在更是全球资本的目的地。

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.

阿联酋房地产市场今天的年销售额近6800亿美元和2070亿美元。它是全球增长最快的房地产市场之一，其租金收益率最高，款待需求以及办公室，医疗保健，教育和工业资产的新出现，它们的供应不足。

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

我们看到，继续这种增长速度所需的每年所需的资金总额超过1000亿美元。

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.

传统家庭也正在解锁遗产资产，估计有80亿美元可供出售的自由持有资产出售，另外60亿美元的海湾合作委员会资产出售。因此，机构资金有一个独特的机会，可以购买这个140亿美元以上的篮子。

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

从这种销售中意识到的款项将回收回到新时代的资产类别，例如令牌化和新房地产项目。

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，我们将这1000亿美元的房地产融资差距和140亿美元的资产销售视为核心价值主张。因此，对私人资本，私人信贷和私募股权的需求对于继续当前的增长速度至关重要。”

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年的负担得起的住房部门中监视的关键趋势是什么？您看到新资本支持这一不断发展的需求的角色是什么？

"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.

“我们对经济适用房的重点非常重视。大约95％的租金需求在于经济适用房市场，该市场供应不足。

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.

我们已经看到，每天近1000个家庭在迪拜（2025年第一季度都在90,000多个住所中占有90,000多个住所），这是中期收入的主要消费者，而负担得起的住房的租金增长飙升了28％以上，资本价值在这次流入的后面增长了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.

对于投资而言，经济适用房始终是一个安全的选择，因为对于经济适用房的需求将继续很高，因为预计未来几年将增加400万人的人口。我认为负担得起的住房领域不会在吸引投资方面有任何问题。

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是第一个纯种纯播放式住宅租赁重点的REIT，预计将是GCC最大的REIT，其总资产价值（“ GAV”）为216.3亿AED，强烈强烈地强调了我们的假设。

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

我们看到这些机构现在有兴趣大量进入市场。

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

市场正处于参与这一高增长高收益故事的机构资本的地层阶段。

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的我们一直是这一细分市场的早期推动者，并且在朱美拉乡村圈（JVC）和Al Furjan等主要微型市场中部署资本方面拥有一流的往绩。这些是迪拜最高收入的住房市场。我们继续专注于这样的关键地点，例如Arjan，Dubai Silicon Oasis，Barsha，Motor City，Production City，Dubai South等，以及像Mankhool这样的GCC地点，这些地点是中收入高管住房的顶级目的地。

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.

随着阿提哈德铁路（Al Makhtoum International Airport）等关键基础设施倡议，现在已成为南方。这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筑项目之后，估计在迪拜的基础需求中估计短缺近39,000个住宅单位，并且随着潮流的持续而言，越来越大。因此，在未来几年中，租金和资本价值将继续急剧上升，对我们的投资组合产生了很高的收益和赞赏。”

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

Nisus Finance如何将诸如AI，Proptech或区块链之类的工具纳入您的资产评估和管理流程