Dubai’s realty sector recorded $4.9 billion in transactions in just a single week, highlighting the emirate’s position as a prime property investment destination for domestic as well as international investors.
Among the notable transactions was the sale of a luxurious canal-side apartment for $9 million (i.e., AED 33 million) in the prestigious Muraba Veil area along the Water Canal.
Significant factors behind this robust performance of Dubai’s realty market are —
- latest policy reforms
- initiatives implemented by the government
- long-term visa reforms, such as the Golden Visa program
- property law reforms
- establishment of freehold properties
According to analysts, this upward trajectory will continue, with forecasts suggesting a 5-8% annual price growth and an average rental yield of 7% for 2025.
The Dubai Real Estate Strategy 2033 aims to contribute AED 73 billion to the emirate’s GDP and increase homeownership rates to 33% by 2033, reflecting a long-term commitment to sustainable growth in the realty sector.
As Dubai continues to position itself as a global business hub focused on innovation and sustainability, the realty market is expected to remain a key driver of economic growth. The recent transaction surge is a testament to the sector’s resilience and ability to attract significant investment.