In the dynamic realm of real estate, Dubai takes centre stage, poised for remarkable growth in 2024, surpassing mature markets and unveiling unique opportunities for investors. Here are a few compelling reasons why Dubai’s real estate sector stands out:

A recent report from the International Monetary Fund (IMF) projects a robust 3.9% growth rate for Dubai in 2024. This positive economic outlook is reinforced by the UAE’s anticipated 17.6% economic growth over the next five years. For potential property buyers, this flourishing economy signals a conducive environment for real estate investment.

Furthermore, Dubai’s real estate boom is fueled by its unwavering commitment to sustainability and substantial investments in renewable energy. This progress positions Dubai to emerge as one of the most environmentally friendly cities globally.

In anticipation of the surging housing demand, approximately 40,000 properties are slated for delivery in both 2024 and 2025. This significant increase in property deliveries reflects Dubai’s commitment to meeting the growing demand for housing in the city.

Another major contributor is the rapidly increasing rental rates in Dubai’s real estate market. The notable 22.0% increase in average rents over the past two years indicates a positive trend expected to persist in 2024, enhancing the overall attractiveness of the real estate market in Dubai.

Dubai offers a plethora of investment benefits, including investor-friendly rules, a tax-free environment, and simplified registration procedures. Key areas like Dubai Marina, Jumeirah Village Circle, and DAMAC Hills are expected to yield good returns for those eyeing investments in Dubai’s real estate. 

With One Investments, gain valuable insights into the dynamic and growing property landscape of Dubai, guiding you toward making informed and profitable investment decisions.