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Added: June 13, 2020
AED 740,000
Added: June 11, 2020
AED 4,750 / Monthly
Dubai Hills Estate
Dubai Marina
Jumeirah Village Circle
Downtown Dubai
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Dubai’s real estate market has seen exceptional growth. In 2024, transactions reached 180,987, up 36.5% from 2023, valued at AED 423.36 billion—the highest ever recorded.
Off-plan properties surged, with 109,527 deals totaling AED 228.03 billion, a 60.6% increase in volume and 43.5% in value, reflecting strong investor confidence.
Villa sales rose 21.1%, with 30,938 units sold worth AED 164.1 billion. Dubai plans to complete around 28,700 villas by 2025 to meet demand from high-net-worth buyers.
High-Net-Worth Relocation: 6,700+ millionaires moved in, a 78% increase.
Economic Stability: IMF predicts 5.1% growth in 2025.
Investor-Friendly Regulations: Visa reforms and policies enhance Dubai’s global investment appeal.
Infrastructure Strain: Vehicle numbers up 10%, congestion on key highways like Sheikh Zayed Road.
Housing Affordability: Property prices rose 19.46%, pushing residents to outskirts.
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.
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