Dubai’s real estate market anticipates growth in 2024, with transaction volume increasing notably in the first quarter. Experts project rising prices throughout the year, buoyed by demand and population growth.
Government initiatives and infrastructure enhancements bolster confidence in the market’s resilience. Forecasts indicate growth, particularly in areas like Business Bay Second and Palm Jumeirah.
Despite affordability concerns, experts foresee upward trends supported by payment plans and potential rate adjustments. The emergence of communities further solidifies Dubai’s appeal for investment.
Additionally, the market is expe
cted to maintain strong performance in both prices and rents, with Abu Dhabi and Dubai poised for growth. Overall, the outlook for Dubai’s real estate market in 2024 remains positive.