DUBAI PROPERTY PRICE GROWTH TO ‘COOL’ FOR APARTMENTS SURGE FOR LUXURY VILLAS AND TOWNHOUSES

Thriving Luxury Property Market in Dubai
Dubai’s luxury property sector continues to exhibit strength, with further upward price movements anticipated for upscale properties. Despite the potential for apartment prices to level off due to oversupply, any potential corrections are anticipated to be minimal. Additionally, the burgeoning real estate markets in neighboring Abu Dhabi and Ras Al Khaimah could exert an influence on Dubai’s pricing dynamics, driven by factors including population expansion, sustained economic stability, decreased interest rates, and regulatory improvements, all contributing to maintaining a stable pricing environment.

Highest Demand Growth Expected in Affordable Segment This Year
Dubai’s affordable housing sector is set to see substantial transaction volumes, attracting diverse demographics seeking accessible accommodation. Concurrently, the premium and luxury segments are projected to sustain notable capital appreciation, driven by limited availability and persistent demand, enhanced by exclusive features and bespoke amenities. Responding to market dynamics, developers are introducing competitive payment schemes and covering registration fees to enhance affordability and spur greater demand in the real estate market.