Introduction
The Dubai real estate market is poised for unprecedented growth over the next two years, with an estimated 90,000 new homes set to be delivered. The surge in property development is a clear sign of the city’s continued commitment to expansion and its ability to meet the growing demand for real estate.
Figures released by fäm Properties highlight that there are currently 1,034 projects under construction, accounting for a total of 288,020 units. This robust pipeline underscores Dubai’s resilience and the strength of its property market.
2024: A Record-Breaking Year for Dubai Real Estate
In 2023, Dubai saw a record-breaking 101,654 units launched, a milestone that is expected to be surpassed in 2024, with 99,779 units already lined up for delivery. These numbers are a testament to the market’s continued growth and the city’s ability to attract both local and international investors.
Future Supply Meets Strong Demand
The real estate market’s capacity to keep up with demand is evident from the consistency in annual project launches. In 2025, a record 41,800 new units are expected to enter the market, followed by 48,400 in 2026. These figures point to sustained development activity and investor interest in the years to come.
Key areas for future property supply include Jumeirah Village Circle, Business Bay, Dubai South, Wadi Al Safa 5, and Dubai Marina, which are projected to receive significant portions of the upcoming housing stock.
This influx of new homes is expected to enhance Dubai’s real estate appeal, providing opportunities for investors to capitalize on the city’s thriving property market.
Real Estate Summit: Insights from Industry Leaders
The Game Changers – Dubai Real Estate Summit, held at the Coca Cola Arena, will bring together top industry professionals to discuss the future of Dubai’s property sector. Al Msaddi will share the stage with US real estate broker Ryan Serhant and Dr. Mahmoud Al Burai, Senior Director at Dubai Land Department.
The summit will offer insights into the challenges and opportunities facing the sector, including procurement processes, logistics, and geopolitical risks that could affect development timelines.
Challenges and Opportunities for Developers
Despite the optimism surrounding the real estate market, developers are facing increasing pressures to streamline their procurement processes. The sector is dealing with logistics challenges such as rising shipping costs and global geopolitical risks that could disrupt trade routes.
However, development teams are working diligently to ensure timely project delivery, allowing investors to benefit from steady growth in the property market.
Top Areas for Real Estate Growth in Dubai
The areas with the highest number of units delivered so far this year include Al Merkadh, Jumeirah Village Circle, Jebel Ali First, Wadi Al Safa 5, and Dubai Hills Estate. Meanwhile, Jumeirah Village Circle, Business Bay, Dubai South, Wadi Al Safa 5, and Dubai Marina lead the list of areas expected to receive the highest number of new units in the near future.
With AED 300 billion worth of new projects set to launch over the next two years, Dubai’s real estate sector shows no signs of slowing down. The combination of strong demand, steady supply, and a favorable investment environment makes Dubai one of the top global destinations for real estate investment.
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