Dubai Real Estate Market Review 24-Dec-2024
Luxury apartment 'shortage' fuels sharp increase in rental prices. High Demand For 1, 2-Bedroom Apartments Amid Rising Rents. With 120,000 units under construction, rentals in remote areas may soften.
Dubai property market on solid track
Dubai’s real estate market saw 15.4% YoY growth in November, with residential sales at 12,695 units and a modest price increase of 0.38%. Affordable properties under Dhs 1M grew to 32.2% of sales. Commercial sector strength and rising investor confidence affirm the market’s adaptability and sustained growth trajectory.
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