Dubai’s real estate market anticipates 5% growth in 2024, backed by a robust economy and soaring investor interest.
In 2023, Dubai saw a $100 billion investment influx, showcasing its allure as an investment hotspot. CEO Bas Kooijman foresees further growth, with a projected 5% uptick in 2024, paralleling UAE’s anticipated 4.5% economic expansion.
The city’s real estate sector witnessed a remarkable surge in 2023, with transactions totaling 116,116 transactions valued at $429.67 billion. Kooijman highlights a promising 15% growth projection for the residential sector in 2024.
Investors eyeing Dubai can expect lucrative returns, with rental yields reaching up to 10%, surpassing rates in major markets like New York and London. Kooijman underscores the city’s appeal for investors, offering competitive property prices and high annual yields ranging from 5 to 9%.