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Recent data from Dubai’s real estate market continues to demonstrate robust performance, particularly in the luxury segment. At Sealand Capital Group, we continuously analyze these trends to help investors make informed and strategic decisions.
Current Market Data and Trends
Price Growth: According to the latest report from the Dubai Land Department (DLD), property prices in the premium segment have risen by an average of 14.5% since the beginning of 2024. Areas like Palm Jumeirah and Downtown Dubai have experienced some of the highest price increases, driven by international buyers.
Transaction Volume: Dubai recorded a transaction volume exceeding AED 75 billion (approx. EUR 19.3 billion) in Q3 2024, reflecting an 18% increase year-on-year. These figures highlight the continued appeal of the market to both local and international investors.
Luxury Properties on the Rise: Demand for ultra-luxury projects remains strong. Developments like One Palm and Atlantis The Royal Residences are reaching record prices per square meter, averaging over AED 7,500/m² (approx. EUR 1,930/m²).
Rental Growth: In 2024, rental rates in some of the most sought-after locations have increased by 8-10% on average. Investors focusing on rental yields can expect solid returns, with average yields of up to 6.5% in prime areas.
External Factors Driving Growth: While the effects of Expo 2020 are tapering off, Dubai’s focus on diversification, particularly through Smart City and Green Energy initiatives, continues to fuel the market. Additionally, the Golden Visa program remains a key driver of international demand, especially from Europe and Asia.
What Do These Numbers Mean for Investors?
Our analysis shows that Dubai’s real estate market continues to present outstanding long-term investment opportunities, despite global uncertainties. The steady influx of expats, combined with Dubai’s strategic positioning as a global business hub, enhances market stability. Investors can benefit from rising property values and stable rental yields.
Sealand Capital Group’s Expertise
Exclusive access to market reports and data-driven forecasts: Our in-depth market analysis enables us to identify trends early and offer tailored investment opportunities.
Advisory based on solid market data: We help our clients identify opportunities in the market and develop personalized strategies to maximize those opportunities.
Stay ahead of the trends – contact us to receive detailed market analyses and capitalize on the latest developments in Dubai’s real estate market.
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