Dubai Property Surge: Residents Embrace ‘Buy-to-Stay’ Trend Amid Rising Prices

Dubai’s residential real estate sector experienced strong expansion, with property values climbing 21.3% year-over-year. This surge is driven by a tightening supply and an increasing ‘buy-to-stay’ trend. International buyers are increasingly drawn to properties with lush greenery, wellness centers, and waterfront access. This rising interest highlights the timeless charm of standalone beachfront homes and branded residences, which offer an immediate embrace of the vibrant Dubai lifestyle.

Dubai’s luxury residential market has experienced significant growth, particularly in the areas known as ‘Prime Dubai,’ which include The Palm Jumeirah, Jumeirah Bay Island, Jumeirah Islands, and Emirates Hills. These prestigious locations have seen a notable rise in property values, with average transaction prices reflecting the high demand and exclusivity of these sought-after neighborhoods by mid-2024.

Dubai’s property market continues to show strong growth, with home values steadily rising due to sustained demand from both local and international buyers. Over the past few years, through my hands-on experience working closely with buyers, I have noticed a significant shift in buyer behavior, where more people are choosing to purchase homes for personal use rather than just for investment. This change is reducing the number of listings available, which I believe is playing a key role in driving prices upward—a trend that’s impressively held steady for 21 consecutive quarters.

I’ve seen firsthand how Dubai’s real estate market continues to flourish, with both international and local buyers fueling this growth. The shift towards purchasing homes for personal use, coupled with limited supply, has fueled consistent price increases, cementing the city’s appeal as a prime destination for luxury living and investment.