Dubai Developers Confident as Real Estate Market Defies Slowdown Fears in 2025
Dubai’s real estate sector continues to attract strong investor interest, with leading developers dismissing concerns about a potential market slowdown in 2025. Despite analysts predicting a stabilisation following a record-breaking four-year rally, industry leaders remain confident in sustained demand, especially for projects by reputable developers in prime locations.
Wissam Breidy, CEO of HRE Development, expressed optimism about the market’s resilience, highlighting the rapid pace of property sales. “When we launch a project, within two months, we sell 1,700 units. There is too much appetite in the market. Dubai is unique, and everyone wants to be here,” he said.
Dubai’s property market saw an all-time high in 2024, recording 180,900 transactions worth AED 522.1 billion, marking a 36% increase in volume and a 27% rise in value. While some experts, such as Christopher Cina from Betterhomes, predict a price stabilisation due to 72,000 new residential units entering the market, developers remain bullish on continued growth.
Foreign developers are also capitalising on Dubai’s booming real estate landscape. Mehdi Kavoosi, chairman of Bamx, noted that the company is entering the Dubai market to leverage emerging opportunities, adding that the city’s upward trajectory remains strong.
Haider Ali Khan, CEO of Dubizzle Group MENA, credited the government’s proactive initiatives—including expanded freehold areas and revised property visa offerings—for sustaining demand. Major infrastructure projects, such as the Dubai Metro Blue Line and Al Maktoum Airport expansion, further fuel investor confidence.
HRE Development’s rapid sales underscore the market’s strength, with projects such as SkyHills One (1,100 units), SkyHills 2 (600 units), and SkyHills 3 (500 units) selling out within weeks. Breidy dismissed slowdown concerns, emphasizing that Dubai’s real estate appeal extends beyond the UAE, benefiting from broader regional growth as countries like Saudi Arabia, Qatar, and Bahrain also promote investment opportunities.
The latest launch, SkyHills Astra, a twin-tower project in Al Barsha South, reinforces Dubai’s commitment to sustainable and socially responsible development. Every apartment sold in the project contributes to children’s education in developing countries, with buyers receiving personalized certificates from Dubai Cares and HRE Development in recognition of their support.
With continued demand, strategic government policies, and an expanding investor base, Dubai’s real estate market appears poised for sustained momentum in 2025 and beyond.
