Property prices in Dubai will increase by 7%
The real estate industry in Dubai continues to attract the attention of investors with its steady growth and stable development.
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In 2023, there was an extraordinary surge in the market, with more than 116,000 transactions worth a total of AED 429.6B (USD 117B). Experts believe that in 2024, the upward trend will continue, and real estate prices will increase by 7%.
Despite the rise in value, housing in Dubai will continue to attract investors who want to park their capital, multiply their assets and get high rental yields. The secret of the emirate's success lies in a unique combination of factors – an advantageous strategic location, world-class infrastructure, a dynamic business environment and government initiatives that drive economic growth.
Experts believe that at the end of 2024, despite the dynamics of the market, there may be a stabilisation of the growth in real estate prices, especially in the luxury housing segment. Thanks to authorities and developers constantly developing infrastructure in the area, the Dubai real estate market can expect long-term stability and an increase in demand from foreign investors.
