The global real estate landscape is evolving, and Dubai is emerging as one of the most attractive markets for property investors. At One Investments, we specialise in providing access to premium real estate opportunities, ensuring our customers make informed decisions that align with their investment goals.
The Future Living: Dubai 2024 Edition report, reveals an optimistic outlook for the Dubai property market, with a striking 72 percent anticipating a rise in property prices within the next year. Several factors underpin this confidence such as Dubai’s status as a global hub for business and tourism, and government initiatives aimed at stimulating foreign investment.
Key Trends and Numbers for Dubai’s Property Market in 2024
For property buyers in Dubai, listed below are some key trends and figures that underline Dubai’s real estate market:
Market Growth: The property market in Dubai is poised for substantial growth, with 72% of surveyed respondents expecting property prices to rise over the next 12 months. Gross rental yields range from 6-8% and net yields. This makes Dubai an attractive destination for both local and international investors.
Market Dynamics: Millennials, aged 28 to 43, represent 56% of the market and are driving demand in both rentals and homeownership. With 77% of respondents being tenants—79% of whom prefer long-term leases—stability in the rental market is evident. The average rent-to-income ratio stands at 30%, competitive on a global scale.
Investment Trends: Approximately 36% of homeowners plan to acquire additional properties within the next 1 to 3 years, particularly among higher-income groups. Recent developments, such as the Dubai Land Department’s Real Estate Evolution Space Initiative and the AED 25 billion Foreign Direct Investment program, further enhance the city’s appeal.
Why Investors Should Buy Property in Dubai?
Investing in real estate in Dubai presents an exceptional opportunity for both local and international investors. With rising property prices, robust rental yields, and advantageous tax regulations, Dubai’s real estate sector is poised to offer substantial returns on investment over the coming years.
Moreover, the government is encouraging long-term investments through reforms designed to stabilise the economy and attract foreign investment.
These reforms include no taxes on property transactions and simplified ownership transfer processes, making it easier for overseas buyers to invest.
As Dubai’s economy strengthens, especially in the real estate sector, opportunities for growth in this area are becoming increasingly clear.
Whether you’re looking for a modern apartment with breathtaking city views or a roomy villa in a peaceful neighbourhood, One Investments has a variety of homes to suit every lifestyle.
