As the end of 2024 approaches and the new year begins, Dubai real estate market is experiencing a state of revival, which is clearly set to continue with ongoing incentives in the market.
The latest reports from research companies and international institutions confirm that betting on Dubai real estate market is a winning strategy. The market will continue to attract foreign investors from all over the world, given the unprecedented opportunities and diverse real estate categories it offers.
Therefore, Dubai real estate market will remain a focal point for investors in 2025, as it continues to be a destination for wealthy investors and those looking to establish their businesses in the Middle East, making Dubai their headquarters.
Dubai real estate market has recorded consecutive annual leaps since 2020 until now, with a dramatic and remarkable upward trend amidst the market’s maturation and learning from past experiences. This has enabled it to maintain its revival, reinvent itself, and adapt to any unforeseen circumstances. The government is also prepared to intervene effectively through ambitious strategies and initiatives to ensure the real estate sector does not stagnate for years to come. We see the Dubai government adopting a range of measures and policies aimed at supporting the real estate market. Among these important measures is the long-term visa program, known as the “Golden Visa,” which allows wealthy individuals, businessmen, and skilled professionals to enter and reside in Dubai.
Thus, the risks have become lower than before, making Dubai real estate market a safe haven for the wealthy or investors who want to preserve the value of their assets amidst the fluctuations witnessed in other markets.
This is evidenced by the market’s observed property purchases by end consumers and the decrease in speculative transactions, which confirms the market’s strength. At the same time, the expected decrease in interest rates in 2025 will encourage a segment of investors who prefer mortgages over borrowing to finance their investment plans, ensuring support for the already robust demand.
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Regarding the expected increase in property prices in Dubai next year, it is anticipated to range between 7% and 10%, following a strong rise of around 20% in 2024. In terms of real estate developers in the market, they continue to work on meeting the demand. The year 2024 has been impressive in terms of new residential projects worth billions.
