Dubai’s real estate market is set for massive growth in 2024, following a remarkable surge of 36.7% in 2023, where transactions reached an impressive $429.67 billion, marking a 33.8% increase. Bas Kooijman, a finance expert and CEO of DHF Capital S.A., predicts a robust 5% growth for the upcoming year, solidifying Dubai’s position as an appealing investment hub for substantial returns.

The UAE is expecting its economic growth to be 4.5%. It will create a positive effect on different industries. Dubai’s real estate sector is one of the notable industries, drawing in investors looking for diversification and high returns. Last year, Dubai witnessed 116,116 real estate transactions totalling AED429.67 billion, as per Dubai Land Department (DLD) data. This underscores the lasting growth and adaptability of the emirate’s real estate market.

Bas Kooijman underscores the positive outlook for Dubai’s residential real estate market, predicting a substantial growth rate of around 15% in 2024. This consistent growth positions Dubai’s real estate market as a lucrative opportunity for investors seeking capital appreciation in the stable and diversified UAE economy.

The Finance Expert emphasises the unique and compelling opportunities Dubai’s real estate landscape presents. The emirate offers the chance to purchase properties at reasonable prices, with the potential for high rental income. The city shows an impressive return on investment, with annual yields reaching around 10%. It reflects surpassing rates comparatively from mature markets.

Dubai’s real estate market, boasting profit margins of 5% to 9%, makes it an attractive prospect for investors. The city offers stability and the potential for high rental income, making it ideal for those seeking long-term growth and profitability. With a thriving economy, Dubai’s real estate presents a promising opportunity for investors.