Market research for a site in the Jumeirah Garden City project, Al Satwa in Dubai

December 23, 2023


5 min. of reading

Benefits of Dubai's property market
  • Dubai's residential property market is attractive to investors due to its growing population and tourist flow.
  • Dubai's political and economic stability makes it a safe place to live and invest.
  • The market has transparency and strong legislation, which increases guarantees for investors
Dubai's residential property market is attractive to investors for a number of reasons. The growing population is increasing demand for rent and purchase housing, while the growing tourist traffic is stimulating short-term rentals and seasonal accommodation, especially during winter.

Global political and economic instability makes Dubai a safe place to live, work and holiday. World-known projects such as Burj Khalifa and Palm Jumeirah attract buyers and tenants from all over the world.

A transparent market and strict legal regulations provide high guarantees for investors. The rental rate ratio to house prices in Dubai is more favorable than in New York, London and Singapore.

The property market continues to grow, offering a variety of options from penthouses and villas on man-made islands to studios and townhouses in residential areas.
Dubai's growing property market
  • Dubai's property market is recovering from the pandemic and reaching the highest prices in the last 10 years.
  • Key growth drivers include increasing population and GDP growth, as well as a favorable political and investment climate.
  • Property prices and demand are forecast to continue to grow
Dubai's property market is recovering from the pandemic, reaching the highest prices in the last 10 years. Analysts forecast continued growth until at least 2024-2025.

Key growth drivers include population increase (70,000-150,000 people per year) and GDP growth (3.56% in Dubai and 7.6 % the UAE in 2022). A favorable political and investment climate also supports growth.

Price increase in 2021-2022 offset the fall during the pandemic. According to UBS, house prices in Dubai remain at the lowest level compared to other global cities.
Global volatility makes Dubai attractive to investors, prices and demand are not expected to fall significantly in the next few years, only a minor correction of 5-10 % is possible.
Record real estate deals growth in 2023
There is an increase in demand for property in 2023, resulting record growth in apartment salestransactions
Dubai's property market continues to grow in 2023, driven by increasing demand. In the first 11 months of 2023, 86,200 apartment sales transactions are registered by the total area of87.6 million ft², valued at AED 170billion, which is higher from the figures for the whole of 2022.
These figures are a record high for the last 10 years.
This is an excerpt of the most important indicators from a comprehensive study by SEGREX Development. You can explore the full material at the link below.