Over the past year, the value of real estate in Dubai has increased by 36%, but this has not led to a decrease in demand. Despite the increase in real estate and rental prices, the number of tenants is growing. Current real estate market indicators suggest a stable supply deficit for investors and people who are considering Dubai as a permanent place to live.
Experts believe that the balance of supply and demand will stabilise slightly in 2024. Developers are currently planning to implement from 50 thousand to 70 thousand new projects. At the same time, the real estate market is developing rapidly and the number of completed projects will not be enough to fully cover the demand for housing.