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...
Dubai’s real estate market continues to draw global attention, with residential and commercial sales totaling AED138.8bn ($37.8bn) in Q3, as reported by Engel & Völkers Middle East. Residential transactions jumped by 40.8% year-on-year, contributing AED115.6bn ($31.5bn), while commercial sales added AED23.2bn ($6.3bn), a 28% increase in transaction value from the same period in 2023. Dubai’s...
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