With more data emerging, Dubai’s real estate market maturity is becoming clearer. Recent findings show that in Q3, 40% of ready-to-move-in homes sold below Dh1 million. The ValuStrat Price Index (VPI) for residential capital values rose to 190.1 points, reflecting a quarterly increase of 6.7% and an annual rise of 28.9%, with the Q1 2021 benchmark set at 100 points. In Dubai’s freehold villa...
The UAE's liberal migration policies are central to sustaining the growth of Dubai’s real estate market, an expert highlighted. "Dubai’s allure is unmistakable, with entrepreneurs, investors, high-net-worth individuals (HNWIs), and ultra-HNWIs (UHNWIs) from around the world gravitating toward the city. Legislative reforms, long-term residency options, tax benefits, and business-friendly policies...
Additionally, the UAE's smart home market is projected to exceed $76 million in revenue this year, growing to $114 million by 2028. Dubai's luxury real estate sector is set to remain a significant contributor to the country's growth. An industry report indicates that the increasing environmental consciousness among residential buyers will also play a crucial role in the UAE's upward...
Dubai’s population is projected to reach five million by 2030, driving a notable response in the housing market. In 2024, there’s a record difference between home sizes and property prices. According to ValuStrat, using data from Dubai Land Department, the average home size has decreased to 1,450 square feet, while the average price per square foot has climbed to Dh1,490 ($405)—its highest...
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