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The OSNOVA blog.

Market analysis, regulation walk-throughs, head-to-head comparisons. New articles every Wednesday and Sunday.

Market analysis · Capital markets

Dubai closed 2025 with AED 917 billion in transactions — and only three REITs

270,000+ transactions, up 20% YoY. Over 90% still flow through individual buyers and HNWIs. The institutional capital gap — and what's closing it.

Aleksandr Maksimenko·6 Jul 2026·7 min
Market analysis · India–UAE

India runs on UAE oil. Dubai runs on Indian capital.

UAE ranks #4 among India's crude suppliers at 435,000 barrels a day. Indian nationals are Dubai's largest foreign property buyer group — by volume and by value.

Aleksandr Maksimenko·1 Jul 2026·6 min
Market analysis · Rentals

Foreign investors earned $24.9 billion in Dubai rentals — in four months

AED 91.3 billion in annual rent registered across 198,650 freehold contracts, January 1 – May 9, 2026. April volume alone hit AED 26.5B — up 69% on February.

Aleksandr Maksimenko·30 Jun 2026·6 min
Market analysis · UAE

UAE sovereign funds hold $2.65 trillion — four times annual GDP

Seven UAE funds sit in the global top 25, holding $2.65T combined — 4.4x the country's 2025 GDP. ADIA alone manages $1.2T, ranking #4 worldwide.

Aleksandr Maksimenko·30 Jun 2026·7 min
Market analysis · Global

Real estate is the biggest real asset on earth — $380 trillion

Global asset classes 2024: real estate sits at $380T — bigger than stocks, bonds, and cash combined. The only asset that earns, appreciates, and collateralizes at once.

Aleksandr Maksimenko·30 Jun 2026·6 min
Global Luxury Index

Dubai is the 2nd fastest-growing luxury market on the planet

Knight Frank 2025: Dubai luxury +25.1%, second only to Tokyo. But 1,195 listings have active price cuts. AED 863M in discounts.

Aleksandr Maksimenko·13 Jun 2026·7 min
Market analysis · UAE

Abu Dhabi is closing the gap with Dubai — the data now proves it

In eleven months, the monthly sales-volume spread between the two emirates collapsed from AED 44.7B to AED 26.8B. February was an all-time record for Abu Dhabi.

Aleksandr Maksimenko·13 Jun 2026·8 min
Market analysis

The UAE is the 9th largest exporter on the planet

USD 707 billion in goods export, on par with South Korea, ahead of France. For a country of 10 million people. The trade-intensive economy thesis for industrial real estate.

Aleksandr Maksimenko·10 Jun 2026·7 min
Market analysis

The emirate that didn't blink — Abu Dhabi resilience in 2026

Abu Dhabi posted its second-best property month on record in March 2026 while Dubai developers paused. The structural case for the capital.

Aleksandr Maksimenko·8 Jun 2026·9 min
Market analysis

ADGM keeps growing — even during a war

BlackRock, State Street, Hillhouse opened or licensed in ADGM since the regional conflict started. AUM grew 36% in 2025. 347 financial institutions now operating.

Aleksandr Maksimenko·5 Jun 2026·6 min
Off-plan

Aldar × Mubadala launch the largest project on Al Maryah Island

AED 60B+ joint venture, 1.5M sqm GFA, doubling ADGM Grade A office supply. The structural impact for Abu Dhabi commercial real estate.

Aleksandr Maksimenko·1 Jun 2026·8 min
Market analysis

Dubai vs Abu Dhabi: the real estate spread nobody is talking about

Until 2008 they moved in lockstep. Today Dubai trades at nearly 2× Abu Dhabi's price per square metre. The spread compression thesis.

Aleksandr Maksimenko·28 May 2026·10 min
Market analysis

The Middle East reset — and why Dubai just got more interesting

The IMF's April 2026 update broke the Middle East selectively. Five economies contracting, UAE growing +3.1% then accelerating to +5.3% in 2027.

Aleksandr Maksimenko·22 May 2026·8 min
Market analysis

Population is the trigger — why UAE real estate keeps moving

UAE population grew +250% since 2000 — second globally only to Qatar. The simplest, most reliable trigger for property prices.

Aleksandr Maksimenko·18 May 2026·7 min
Market analysis

Tourism is under pressure. The market is not.

UAE tourism receipts hit 10.3% of GDP — the highest of any major economy. Why this is a shock, not a structural break.

Aleksandr Maksimenko·12 May 2026·6 min
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