Indians maintained their position as the top buyers of Dubai real estate in 2024, while Pakistanis climbed to fifth place from seventh in the previous year, according to a report by the Dubai-based property consultancy Better Homes.
British buyers secured the second spot, while Russian buyers, who ranked third in 2023, dropped to ninth place. Turkey replaced Poland in the tenth spot.
Dubai’s property market witnessed a remarkable surge, with the total value of property sales reaching AED423 billion — a 30% year-on-year increase in both transaction value and volume, the report stated.
According to data from UAE developer Damac, property prices in Dubai are projected to rise by 5-8% annually in 2025, with luxury hotspots such as Palm Jumeirah and Downtown Dubai expected to see even higher price spikes.
Industry experts have identified Emaar, Ellington, Meraas, Select, and Omniyat as key developers poised for significant growth and investment returns in 2025, according to Arabian Business.
Dubai’s luxury property sector has consistently outperformed major global cities like London and New York. The market for homes valued at $10 million or more remains tight, with prices forecasted to increase by another 8-10% in 2025, according to Better Homes data.
The emirate’s Real Estate Strategy 2033 aims to achieve a market valuation of AED1 trillion, with Dubai’s population expected to reach 4.34 million by 2027.
In 2024, Dubai welcomed a record 18.72 million overnight visitors, with tourism driving demand in retail, hospitality, and real estate sectors.
Major infrastructure projects, including the Etihad Rail Network, Dubai’s Blue Metro Line, and traffic congestion improvements, are set to further enhance economic growth.
Dubai continues to attract Ultra High Net Worth Individuals (UHNWI), with nearly 140 branded luxury residences in the city. The influx of global talent is also expected to grow, driven by initiatives like the golden visa, blue visa, and investor programs.
