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Top trends in the Dubai real estate market in 2024

According to experts, the Dubai real estate market will change in 2024. An increase in the number of available properties, diversification and the integration of new technologies are expected.
December 26, 2023
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In 2023, the market showed high activity and stable growth. The cost of real estate in the emirate is growing, but the demand is not decreasing, which underlines the high potential for market development. Experts presented the Top 5 trends expected in Dubai real estate in 2024.

Increasing the number of more affordable housing. In 2024, large-scale projects from developers are expected to be implemented. Many of them are building housing in the middle price segment, in which there is a deficit. Experts believe that the emergence of additional offers in this middle price segment in the market will restrain the price growth that has been observed in recent years.

Stability of the mid-price segment market. According to Property Finder analysts, the average housing market will be affected by pricing regulation. The construction of new projects will have a positive impact on the cost of renting in areas such as: MBR City, Dubai Hills, Dubai Marina and Business Bay. In the elite areas, rental prices are expected to consolidate with an increase in the cost of real estate.
Property Finder analysts have identified the main trends in the development of the real estate market in 2024 that will be of interest to investors and future home buyers in the emirate
Hight potential for market development
Construction of new projects
Increased diversification. Since mid-2023, there has been a diversification of real estate in the UAE, with more green areas emerging, the number of projects is increasing, and the confidence of foreign investors is increasing. In 2024, the real estate market should become even more diversified. This will have a positive effect on the purchasing power. Investors who have received capital gains in 2023 will remain confident and will be able to expand their investment targets.

Flexibility of the rental process. With the growing number of property owners in Dubai, new trends are emerging in the rental market. In 2023, there has been a movement towards short-term rentals and the use of various payment options. Owners are willing to accept annual payments in several installments, which makes the rental market more flexible. In 2024, this trend is likely to continue.

Technology integration. In 2024, the real estate sector will be defined by the more global adoption of technology and artificial intelligence. Experts are confident that this will change the way we think about real estate and contribute to increasing trust and transparency in the industry.
The integration of technology into the processes of purchasing and using real estate will revolutionize the market
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