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Dubai real estate: sustained demand and incremental price growth

Dubai's prominence as a city to live, work, and play drives property prices and draws investors.

Dubai’s prominence as a city to live, work, and play drives property prices and draws investors.

Long-Term Demand Trend

Dubai’s real estate sector has showcased unwavering demand and consistent price escalation, maintaining its upward trajectory for nearly four years, constituting the city’s third freehold residential market cycle. Property specialists at Knight Frank have highlighted this sustained growth

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Continuous Price Surge

The sector witnessed a noteworthy rise in prices, averaging a 5 percent increase during Q3 2023. This surge marks the 11th consecutive quarter of price appreciation, reflecting the market’s enduring growth momentum.

Resilient Price Patterns

Apartment and villa prices have notably soared, exhibiting an impressive 19 percent and 18 percent rise, respectively, compared to the corresponding period last year. 

Despite these surges, the market remains approximately 8.1 percent lower than its peak in 2014, underscoring a significant but gradual recovery.

Dubai’s real estate landscape continues to showcase resilience and sustained growth, experiencing consistent demand and incremental price hikes, signaling positive trends and ongoing recovery within the sector.

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