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Analysts at Knight Frank predict continued growth in Dubai real estate prices in 2025. Following a 20% increase in 2024, experts forecast an 8% rise next year, particularly in the luxury segment, driven by wealthy investors.
The rise in property values has contributed to a significant increase in the number of millionaires among property owners. Of the 530,000 homes sold in Dubai since 2002, at least 95,000 properties are now valued at over $1 million, showcasing substantial wealth accumulation for homeowners over the years.
Dubai continues to attract global investors. In the first three quarters of 2024, sales volumes exceeded all transactions in 2023, with Q3 alone reaching a record AED 116.8 billion ($31.7 billion). This underscores strong demand and the market’s success in recovery post-pandemic.
Factors driving demand include:
- Government measures during the pandemic stabilized the market and encouraged buyer interest.
- Flexible visa policies attracted wealthy foreign investors.
- A wide range of premium properties, including waterfront villas and high-end developments on artificial islands, remains a key draw.
Dubai’s real estate market continues to thrive, demonstrating robust growth and sustained demand. Projections for 2025 indicate further price increases, with luxury properties remaining especially appealing to investors. Active government policies and favorable conditions for foreign buyers ensure Dubai retains its status as one of the most dynamic and promising real estate markets globally.
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