In the first nine months of 2023, there was an increase in investment volumes by 17% compared to the same period last year. The high interest of investors is also confirmed by the volume of transactions. In price terms, the growth was 25%.
Investor demand is more focused on off-plan properties. Developers offer enticing payment plans and discounts for projects that are under construction.
Experts note that the real estate market in Dubai is stable and will continue to expand. Prosperity is driven by innovation, diversification of capabilities, and the drive to increase construction. According to forecasts, real estate prices are expected to rise again in Dubai in the fourth quarter of 2023. In areas such as Sobha Hartland and Bluewaters Island, real estate prices may rise by more than 17%.
Investor interest will continue to grow despite the price increase, as demand is now outstripping supply. Experts believe that the increase in the cost of real estate in Dubai may stabilise in 2024, with the implementation of large projects that are currently under construction.