Dubai’s real estate market is booming, with August reporting a dramatic 40% increase in sales value and transaction volumes hitting $12.9 billion, up by 36.9%. This robust performance highlights Dubai’s growing appeal as a top destination for international investors.
Kashif Ansari, CEO and co-founder of Juwai IQI, underscores the city’s emerging status as a secure investment haven for those with a long-term perspective. Referencing a recent UBS report, Ansari notes the extraordinary growth in demand for Dubai real estate, making it an attractive option for significant, long-term investments. His forecast remains optimistic, projecting continued growth through 2030 and beyond.
Top investment hotspots in Dubai include:
- Dubai Marina
- Jumeirah Village Circle
- Downtown Dubai
- Palm Jumeirah
- Business Bay
- Dubai Creek Harbour
- Dubai Hills Estate
- Arabian Ranches
In August, Business Bay attracted the highest single transaction, valued at Dh139 million, showcasing strong investor interest and the area’s substantial growth potential.
Ansari anticipates that global market uncertainties will increasingly drive investors towards Dubai, boosting both capital appreciation and rental yields. He predicts that by 2030, Dubai’s real estate market will surpass those of Singapore and Hong Kong in scale. With anticipated investments from Europe, the UK, the USA, India, Pakistan, and China, Dubai is poised to become the new global benchmark for real estate investment.
Source: Khaleej Times
