Property Prices in Dubai are Unlikely to Decrease
Nov 23, 2024·By Tonna Beneto
Property prices in Dubai are not expected to go down anytime soon:
-Strong demand
Demand for property in Dubai is high and outstrips supply.
-Favorable market conditions
Dubai's real estate market is supported by a growing population, investor incentives, and innovative infrastructure.
-Continued growth
Experts predict that property prices will continue to rise in 2024 and 2025, with some expecting prices to increase by 5–10%.
-Strong sales
In July 2024, property sales reached AED49.6 billion ($13.5 billion), a 31.63% increase compared to the same period in 2023.