Bullish Forecast: Dubai's Real Estate Market Set to Surge, Projected to Hit AED 300 Billion by Year-End.

Dubai's Real Estate Boom Mirrors UAE's Second Global Rank in Foreign Investment Projects

Welcome back to our newsletter, where we bring you the latest developments shaping Dubai's real estate landscape and its global economic standing! The year 2024 is off to an exhilarating start as we witness Dubai's real estate market gearing up for unprecedented heights. A recent comprehensive market study reveals that property transactions are on track for a remarkable 20% surge, accompanied by an impressive 17% increase in market volume.

This robust performance not only reaffirms Dubai's status as a real estate powerhouse but also aligns seamlessly with the UAE's recent global achievement—a substantial 28% surge in foreign investment projects, securing the second spot globally.

This week we bring you a January 2024 launch, The Altitude de Damac residence!

Altitude, a prestigious real estate venture situated in the vibrant Business Bay district of Dubai, is a testament to luxury living. This opulent residence is the fruit of a collaboration between the renowned Maison de Haute Joaillerie de Grisogono and Damac, the foremost private real estate developer in Dubai.

The surge in Dubai's housing market is a confluence of strategic factors, including exponential expansion into newer areas within the emirate and government incentives favouring market-friendly policies. This calculated approach has laid the groundwork for a thriving housing property market in 2024.

In the realm of foreign investment projects, while the United States leads the charts, the UAE's outstanding performance stands out against the backdrop of declining foreign direct investment flows in various global regions. The UNCTAD report, titled "Investment Trends Monitor," underscores the UAE's unwavering commitment to fostering an environment conducive to international investment.

Dr. Thani bin Ahmed Al Zeyoudi, the Minister of State for Foreign Trade, attributes this success to the visionary leadership of the UAE. He highlights the benefits of a proactive approach to global trade and investment openness, emphasising the government's dedication to creating an attractive business environment, promoting foreign direct investment, fostering entrepreneurship, and attracting international talents—crucial elements for innovation and sustainable economic growth.

Dr. Al Zeyoudi underscores the significance of the UNCTAD report, signalling the robust recovery of the UAE's national economy and surpassing global benchmarks in economic growth, non-oil foreign trade, and foreign direct investment attraction. The growing confidence of the global business community in the UAE's economy, policies, legislative environment, and commitment to sustainable growth underscores the nation's evolving stature as a global business hub, attracting innovative ideas and investments from around the world.

In a what some could say bold, I say bullish prediction, a Dubai-headquartered global proptech, forecasts that the Dubai residential real estate market will reach AED 300 billion—or close to $82 billion—by the end of 2024. This AI-based research further underscores the confidence in Dubai's real estate potential.

The Damac promoter offers you an interest-free payment plan. No proof of payment is required to take advantage of this plan. This payment schedule breaks down as follows: 24% to be paid at reservation + 4% notary fees (DLD) and as little as 1% per month.

Dubai's modernity, economic stability, and tax advantages make it an irresistible property investment hub. Opt for purchasing properties in Dubai—a strategic step towards opulent living and financial growth. Dive into Dubai's real estate confidently, knowing that each step shapes a prosperous future in a city that epitomises innovation, growth, and global allure.

Invest not just in a property but in a vibrant Dubai lifestyle and a secure tomorrow. Your dream property awaits; seize it with Hunter Jones, your trusted partner in real estate aspirations.

Contact our experts to select an off-plan residential complex in Dubai that meets your needs and budget today.

[email protected] // +44 7743 373717.

Reece Sayers

Head of Dubai Sales.