The future supply table is led by Jumeirah Village Circle, with nearly 25,000 units expected to be delivered by 2027.
Dubai’s residential market supply remains strong, with 243,000 new units set for delivery, which will help stabilise prices, rents, and ease pressure on tenants.
According to Cavendish Maxwell, a real estate advisory and consultancy, these units will be ready by 2027, with apartments making up 80% of the future inventory.
The top locations for future supply are Jumeirah Village Circle, which will see almost 25,000 units delivered by 2027, followed by Business Bay (16,000), Azizi Venice (13,500), Damac Lagoons (11,100), and Arjan (9,000).
Other areas with significant upcoming supply of 2,000+ units include Palm Jumeirah, Dubai Hills, Dubai Marina, Jumeirah Village Circle and Triangle, Al Furjan, Dubai Silicon Oasis, Town Square, and Studio City.
These upcoming handovers are expected to slow down price increases and curb double-digit rental growth, which has been prevalent over the past four years due to high demand.
Interestingly, January 2025 marked the first monthly price drop in over two years, with average property prices decreasing by 0.57%.
“Despite this small correction, the market remains strong… This price adjustment is a positive indicator of the market’s long-term health. For sustainable growth, consolidation periods are necessary to align the market with economic fundamentals, ensuring stability.”
Dubai has also entered 2025 with a positive start, as investors and end-users swiftly snapped up projects worth billions of dirhams within hours and days. Recently, off-plan projects have been launched frequently, averaging one per day.
400 Units Launched Every Day
Cavendish Maxwell reports that in 2024, Dubai’s residential market saw 145,000 new off-plan units launched, averaging 400 units per day, as immense demand led local developers to introduce new projects and attract foreign developers.
Emaar, Binghatti, and Damac were the leaders in launching new units and securing sales in the off-plan segment.
“These impressive numbers go beyond the pandemic recovery. They reflect a resilient property market that has experienced consistent growth since 2022, driven by sustained international demand, particularly from India, China, and other Middle Eastern countries,” said Ronan Arthur, MRICS, partner and head of residential valuation at Cavendish Maxwell.
“While Dubai’s residential market remains exceptionally strong, with further growth expected in 2025, signs of an adjustment to more sustainable levels are now emerging. As with past cycles, regulators, developers, and investors in the emirate are taking the necessary steps to prevent runaway growth, which could destabilize the market,” he added.
According to Cavendish Maxwell, Mohammed Bin Rashid City saw the most units delivered in 2024, with 5,300 new homes, followed by Jumeirah Village Circle (4,800), Business Bay (2,800), Al Furjan (2,600), and Rukan, Dubailand (1,500).
