With numerous impressive complexes under construction and the growth of commercial and residential real estate prices, the Dubai property market continues to develop intensively. Due to the first-class social infrastructure, the newest technologies, loyal visa and tax policies, and comfortable space for business dealing, Dubai attracts an influx of foreigners that increases property demand. The Golden Bee’s specialists have considered the primary Dubai trends that prevail in the real estate market.

Trends in the Dubai Property Market

Among the main Dubai property trends are the appearance of new offers from developers on the background of stably high demand, the growth of real estate purchase and lease costs, a focus on ecology, the inculcation of leading technologies, and a large number of affordable housing options.

High Demand for Property Buying

A huge influx of expatriates, a high ROI, and still reasonable prices are the primary reasons for increasing demand on the property market. Dubai’s trends include steady foreigners’ interest in purchasing housing objects for investment purposes and the wishes of expatriates living in the rented dwellings to buy their own real estate. According to statistics, for the period from April to June 2024, more than 40,000 deals were concluded. Experts expect that in the near future, this Dubai trend will remain, and demand will only rise.

The Increasing Number of Offers

The appearance of numerous affordable real estate objects is one more Dubai real estate market trend. In 2023, the new 50,000 residential units appeared; in 2024, the developers plan to erect 67,000 ones. Due to the wide range of property, investors and homebuyers with different budgets can purchase a suitable object. Most of the Dubai trend neighborhoods are partly under construction now, which makes them excellent areas to purchase off-plan real estate.

Digitalization as a Dubai Real Estate Market Trend

Artificial intelligence takes root not only in the digital market but also in the real estate sphere. The neural network, as one of the Dubai trends, simplifies the process of searching for real estate objects. The use of AI causes the appearance and development of a separate real estate subsector, known as proptech. This technology is designed to assist buyers in solving traditional housing problems. For instance, due to automated technologies, real estate specialists can organize the remote display of objects, developers are able to use robotization in the construction process, and buyers can pay with cryptocurrency. The use of AI will probably have a positive effect on the trend of property prices in Dubai.

Elite Property Development

The boom in this segment began in 2022. More and more investors and solvent expatriates have chosen Emirates for living and doing business. In 2023, the record-breaking number of sales of residences with a cost higher than $10 million was fixed. Experts predict that this Dubai real estate market trend will remain in the future due to an influx of wealthy foreigners. As statistics show, among the most popular Dubai trend areas for investors and rich homebuyers are Downtown Dubai, Dubai Marina, and Palm Jumeirah.

Eco-Development as Part of Dubai Real Estate Trends

Environmental protection, one of the state’s priorities, has recently become a Dubai trend and has affected the property sphere. The “green building,” with a set of construction standards designed to optimize energy and water consumption, is actively developing in the UAE. One of the government’s purposes is to achieve zero carbon emissions by 2050. Most Dubai trend areas include recreational zones and green spaces to allow residents to enjoy the fresh air and proximity to nature.

The Concept of “A City within a City”

Dubai’s real estate trends also involve the living areas’ comprehensive development. Most residents prefer to live in communities with an infrastructure that allows them to cover all their daily needs. Adhering to the main Dubai property trends, leading developers try to focus on the integrated advancement of territories instead of building separate residential complexes. They erect kindergartens, schools, clinics, services, SPA-facilities, shopping centers, and gyms, offering the residents not only property but also an active lifestyle corresponding to their needs and values.