The UAE’s built assets are worth $1 trillion, a figure that is more than 22 per cent higher than Singapore’s, according to a report released by local real estate firm The H Holding Enterprise.
This finding is based on the Global Built Asset Wealth Index, which quantifies the accumulated wealth of 30 countries’ built assets. The index is compiled by EC Harris in conjunction with the Centre for Economic and Business Research.
“The findings of the Global Built Asset Wealth Index based on the analysis of accumulated wealth of 30 countries’ built assets demonstrate the rapidly rising position of the UAE in the global property industry,” says The H Holding Enterprise’s chairman Hafeez Abdullah.