The market of ultra-icing real estate in Dubai continues to demonstrate a record growth rate

This dynamic sector demonstrates impressive results, without showing signs of slowdown. Investors and housing buyers from all over the world seek to contribute to this impressive landscape, where luxury and exclusivity become synonyms. From the cult objects, such as the Palma of Jumeira, to the prestigious emitates Hills, the variety of sentences simply amazes the imagination.

According to Betterhomes, the luxury real estate market in Dubai recorded significant growth: by November 2024, 2405 main sales of objects were registered worth more than 15 million dirhams. This is 2% more compared to the previous year, which indicates a growing interest in this segment. It is especially notable for the sale of a five -spar apartment in One Residences on the Palma of Jumeira for a record 240.5 million dirhams in September 2024 - this is not just a deal, but a zenith of high real estate.

The market shows that wealth is becoming more and more mobile, and this emphasizes the global trend. As Louis Harding, Managing Director of Betterhomes, noted, Dubai continues to maintain its attractiveness due to a high degree of security, political stability and exceptional quality of life. While the economies of other regions are faced with political instability and changes in tax policy, Dubai confidently strengthens its position as a global center for wealthy people, offering unique opportunities for life and doing business. This circumstance makes the emirate an ideal place to invest in real estate and a high level.

At the beginning of 2024, Dubai presented a strategy aimed at doubling the deposit of the real estate sector to the gross domestic product (GDP) of the city up to 73 billion dirhams by 2030. This ambitious goal marked a new stage in the development of the real estate market, which, according to the DBAD Land Department, already demonstrates impressive results. In the first half of 2024, the total cost of real estate transactions reached 177.4 billion dirhams, which is 25 percent more than in the same period of 2023. As practice shows, such growth indicators are due to a combination of the influence of the large -scale event EXPO 2020, the restoration of the global economy, as well as the increased attractiveness of Dubai as a safe shelter for investors in conditions of world economic instability.

It is interesting to note that according to the data presented on the dxbintract.com platform, 19,765 real estate costs worth more than 5 million dirhams over the next few years will appear on the market. This volume is only about 7 percent of the total number of expected deliveries equal to 283,928 units. These numbers emphasize the limited supply of ultra-granous real estate, since most objects are concentrated in the upper market segment. As experts noted, the cost of objects over 30 million dirhams is less than 1 percent of the general offer, which indicates the high exclusivity and limitations of this segment.

According to Fäm Properties CEO Firas Al Msaddy, this situation confirms that the market of ultra-robbery will continue to remain limited in demand, while the proposal in this segment will probably remain stable over the next two to three years. This creates unique conditions for both investors and buyers who want to invest in real estate with not only attractiveness, but also potential value in the conditions of growing competition in the market.

In addition, the balance of supply and demand will depend on the reception of new projects. Nevertheless, the attractiveness of Dubai as an irresistible destination for millionaires and billionaires positions this market segment for further power, Al Meddy emphasized. “If a predicted influx, which is about 6,500 people with an ultra-high woker, during 2024-2026, is a total of 19,500 beginners, this segment will probably experience sustainable demand, supporting prices,” he added.

Looking into the future, experts say that high -class objects will remain the center in the real estate market in Dubai in 2025. “As it approaches 2025, the market for ultra-icing real estate in Dubai continues to demonstrate remarkable stability and growth. For real estate at a price above 5 million US dollars, the United States constantly amounts to more than 40 percent of our annual sales, emphasizing sustainable demand among people with a high level of network. This segment consistently surpassed a wider market, reflecting the status of Dubai as the main direction for a luxurious life, ”said Khaleej Times, Director General of Driven Properties, Abdullah Aladzhaji.

“Dubai remains a safe refuge for investors looking for stability. The strategic location of the city and a favorable business environment continue to attract capital from regions experiencing geopolitical uncertainty. Despite a significant increase in prices, the value of Dubai real estate is still attractive compared to global analogues, strengthening our confidence in the long-term market potential, ”he said.

The luxurious property segment recorded a 35 percent increase in the volume of transactions in annual calculus during 2024, and this trend does not show any signs of slowdown. “Such areas as Palm Jumeirah, Emirates Hills and Island Bluewater will see constant demand from people with an ultra-high network (Uhnwis), especially from Europe and Asia. The average price for a square foot in these places of luxury, according to forecasts, will grow by 10-12 percent in 2025, ”said Arash Jalili, general director and founder, unique properties.