Thriving Dubai Real Estate Market

Published by Bond Properties on

Thriving Dubai Real Estate Market: A Recap of the Phenomenal Achievements in December 2023

December 2023 brought what has been nothing short of a phenomenal year to a close for the Dubai real estate market. Throughout the year, new records were established in key market metrics, some of which were consistently surpassed month after month. Despite global challenges and gradual recovery in major markets worldwide, Dubai has charted its own course, demonstrating resilience and continuous growth.

A 14.46% Average Capital Growth in 2023

Dubai Real Estate Market

Looking to the Future: Anticipating Sustained Growth in the Dubai Real Estate Market in 2024

As we look towards 2024, analysts expect the robust performance of the Dubai real estate market to persist throughout the year. Nevertheles, surpassing the record-breaking trends of the current year seems unlikely, with potential challenges ahead. The appreciation of completed property prices is already exhibiting signs of slowing down, especially for villas and townhouses. Additionally, new project launches are demonstrating increased diversity in offerings, with noteworthy expansion in the mid-market price segments. Analysts foresee a single-digit price growth, reflecting a realistic outcome.

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