How Good is the Real Estate Market in Dubai ?

As per the data from Dubai land department, the real estate sector of emirates had its best quarter in more than a decade, with Q1 sales transactions at their highest rate since 2010. However, inflation is expected to moderate to 4.5% in 2023 and 3.0% in 2024.respectively, bringing stability to the market

Dubai land Department (DLD) data reveals that In June the Dubai real estate market recorded sale of Dh22.7 billion – the highest sales figures in the last 13 years and achieved 71 percent of the total sales volume in 2021

According to CBRE in its latest Dubai market report, Average residential property prices rose 10.9 percent in the year to May 2022, with apartment prices up 9.6 percent and villa prices up 19.8 percent. of investors from 2022, Dubai’s real estate sector has witnessed a strong recovery. Now Dubai has a favourable climate for major real estate players planning new projects to invest in properties

As a result of the current boom and steady uptick in transactions, Dubai expects 64,000 new housing units rise in the new future. If that translates into reality, it would be the highest level of completion since the 2009 recession. This explains why property in Dubai remains affordable with ample supplies

As a result the demand of a real estate or property increases in Dubai also there is high growth in the number real estate brokers & agents in Dubai. Which shows Dubai is the best area globally to invest.