In addition, several upcoming projects are expected to further boost the market. The relocation of Dubai International Airport (DXB) to Dubai South and the launch of Dubai Metro’s Blue Line will drive demand for properties from buyers and tenants in 2025 in Dubai South. This is also likely to drive demand for properties in communities along key routes such as Sheikh Mohamed bin Zayed Road and Emirates Road.
All these factors make Dubai’s real estate market quite resilient even in the face of regional and global geopolitical challenges.
Richard Waind, CEO of Betterhomes, described 2024 as a year of mixed results, with both successes and setbacks for Dubai's real estate market.
Dubai's appeal lies in its resilience and innovation. From - population growth s to cutting-edge developments, the city continues to set benchmarks in real - estate." V Richard Waind 1 CEO of Betterhomes
the majority of the Dubai (residents) take safety and security for granted. This matter is extremely on the top agenda of people in mid to high wealth and those who are growing financially." Fawaz Sous CEO of Octa Properties
He pointed out that one of the standout positives was the significant population growth, which fuelled strong demand for both property rental and ownership.
Another key factor supported to some extent was a drop in interest rates, but the pace was slower than anticipated, he added.
This story is from the December 30, 2024 edition of Khaleej Times.
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This story is from the December 30, 2024 edition of Khaleej Times.
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