Dubai’s real estate market experienced significant growth in 2024, as residential property prices surged by 19.1% year-over-year, reaching $459 per square foot, marking a 13.3% increase over the market’s previous peak in 2014.
Dubai’s real estate market has already recorded $27bn in sales in just 44 working days. This is the fastest the market has ever achieved this value, according to the Dubai-based real estate brokerage W Capital.
Real estate developer Richmind has announced its entry into the UAE market, with its debut project to be unveiled soon at Al Marjan Island in Ras Al Khaimah. A collaboration with Zaha Hadid Architects, the project will offer a mix of luxury apartments, villas, duplexes, and penthouses, all designed to redefine waterfront living.
Leading UAE real estate developer Deyaar Development has launched its first-ever residential project in Umm Al Quwain.
Real estate development company Aldar has launched The Wilds, a Dubai residential community that harmonises modern living with nature, creating and environment for families while preserving local wildlife.
KASCO Developments has launched Volna, its latest residential community in Dubai’s Al Jaddaf Waterfront. The project is a collaboration with real estate intelligence hub Evolutions and is an 11-storey development with 65 residences.
A new partnership aims to support startups and SMEs by ensuring they have access to resources and opportunities to drive growth in the property technology (proptech) sector.
Despite increasing economic uncertainties and geopolitical tensions, the enduring appeal of real estate investment remains unshakeable.
Dubai’s real estate sector is set to continue its upward momentum in 2025, fuelled by investor confidence, an expanding luxury segment, and rising demand for commercial properties.
The UAE’s largest private real estate developer DAMAC Properties has launched Riverside Views, its first project of 2025. The new development is part of the recently introduced DAMAC Riverside community, offering one- and two- bedroom apartments available on a 70/30 payment plan, making luxury waterfront living more accessible to buyers.
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