At One Investments, we are always ahead of the curve, which is why no matter where you live, if you want to invest in property, we recommend Dubai. This real estate sector certainly proved itself to investors far and wide in Q3 2024, breaking records in both transaction volumes and sales values. Despite global challenges, Dubai has emerged as a haven for property investors, just as we knew it would.
It’s often said that the best time to invest is always yesterday, and while it may seem like that to many, the data goes to show that it’s never too late to benefit from an evergreen, all-weather market. Check out all the incredible developments our clients saw in this quarter alone:
Record-Breaking Transactions and Sales
In Q3 2024, Dubai recorded an unprecedented 50,425 transactions, marking a 38% year-on-year rise, with sales values reaching AED 141.95 billion. This surge places Dubai’s appeal firmly beyond question, especially for property buyers looking for overseas real estate that could double as a vacation home. The property market continues to thrive due to favourable regulations, visa reforms, and rising demand from international investors.
Unprecedented Project Activity
A record 146 projects were registered in Q3 2024, further emphasising the market’s growth. These new developments are creating profitable investment opportunities for both local and international buyers. With 21 projects completed and 5,183 units added to the market, the city is well in keeping with the increasing interest in luxury properties.
Dubai’s Booming Rental Market
Dubai’s rental market has seen median rents for apartments rising to AED 68,000, a 19.3% year-on-year increase. The increase in demand has been driven by expats and new residents. Rental properties in prime locations offer investors strong, consistent returns, adding to Dubai’s appeal as a global investment hub.
Strong Growth in Top-Selling Areas
The Dubai real estate market continues to generate buzz in popular areas like Jumeirah Village Circle (JVC) and Dubai Hills Estate. These neighbourhoods offer profitable property investments in apartments and villas, making them a focal point for property investors looking for strong long-term returns.
Looking Ahead
Dubai’s real estate market shows no signs of slowing down, with Q4 2024 projected to bring continued growth. For investors seeking high-return properties, One Investments offers access to one of the hottest real estate sectors, offering a unique combination of rising property prices, stable rental yields, and robust demand.
We create transparent and secure pathways for investors all over the globe to get in on a prime market for real estate with lucrative returns.
