Sustained investor confidence, an expanding luxury segment, and continuing commercial demand are set to drive Dubai’s real estate market’s upward trajectory and turn 2025 into another record-breaking year. An Engel & Volkers Middle East report said strong economic fundamentals, population growth, and strategic government initiatives has helped Dubai to reinforce its position as one of the world’s most attractive real estate investment destinations. The luxury sector sales remained robust, with sales of properties (exceeding AED10 million) rising by 20.5 per cent year-on-year. Fourth-quarter sales narrowly surpassed the record-breaking performance of the same quarter last year. A demand-supply imbalance in commercial space led to double-digit rental growth, with office rents rising by 11 per cent, retail rents by 9.7 per cent, and warehouse prices surging by 21.1 per cent. Total residential real estate transactions surged by 40.3 per cent to 170,992 units, more than five times the number recorded in 2020. With investors seeking high-potential opportunities amid a tightening secondary market, off-plan transactions dominated and accounted for 63 per cent of total sales, up from 54 per cent in 2023. Dubai’s real estate market thrives Apartment sales played a critical role in this expansion, with transactions increasing by 47.6 per cent, contributing to 89.6 per cent of […]