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Luxury Properties for Sale in Dubai – A Booming Sector
Dubai’s real estate market saw remarkable growth in 2024, with 180,987 transactions, up 36.5% from 2023, valued at AED 423.36 billion, the highest ever.
Off-plan properties led the boom, with 109,527 deals worth AED 228.03 billion, a 60.6% increase in volume and 43.5% rise in value, reflecting strong investor demand.
Villa sales grew 21.1%, totaling 30,938 units worth AED 164.1 billion. Dubai plans 28,700 new villas by 2025 to meet high-net-worth buyer demand.
High-Net-Worth Relocation: 6,700+ millionaires moved in, a 78% increase.
Economic Stability: IMF predicts 5.1% growth in 2025.
Investor-Friendly Policies: Visa reforms and regulations boost Dubai’s investment appeal.
Infrastructure: Vehicle numbers up 10%, congestion on Sheikh Zayed Road.
Affordability: Property prices rose 19.46%, pushing residents to outskirts.
Dubai Hills Estate
Dubai Marina
Jumeirah Village Circle
Downtown Dubai
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To locate the ideal property investment for you in Dubai, we engage in joint ventures with well reputable local partners.
Projections indicated 4 to 5 percent rise in Dubai’s real estate sector for 2024. The expected Compound Annual Growth Rate (CAGR) projected an increase of 8 percent growth in the city’s property market from 2024 to 2029.
Millionaires are attracted to Dubai’s opulent lifestyle, economic stability, and investor-friendly tax policies.
Property prices in Dubai change according to market shifts and trends. With the growing global demands, Dubai’s property sector is continuously rising in property values.
Luxury properties are dotted across high-end and suburban neighborhoods in the city, but the most prominent areas include DAMAC Lagoons, Downtown Dubai, and Jumeirah Village Circle.
Although Dubai’s real estate market is growing remarkably, this ratio leads to housing affordability concerns. Residents are pushed to Dubai’s suburban areas, which intensifies population growth and, ultimately, traffic congestion.
Al Bahar Building Al Khabessi Area BARQ Al MADINA Business Center Entrance 2
API World Tower | Ground Floor – Sheikh Zayed Rd – Dubai – United Arab Emirates
