The Dubai real estate market is expected to grow by 5% in 2024, according to experts
Dubai is a prime investment destination with a thriving real estate market, attracting investors seeking high returns and portfolio diversification. Recent data reveals a $100 billion investment in 2023, with a projected 5% growth in 2024. CEO Bas Kooijman predicts a 4.5% growth in the UAE economy, benefiting various industries, especially real estate.
Dubai’s real estate sector witnessed impressive growth in 2023, with transactions increasing by 36.7% and reaching a record $429.67 billion. Kooijman anticipates a 15% growth in residential real estate by 2024. Investors can capitalize on Dubai’s stable economy, enjoying substantial rental income with yields of up to 10%, surpassing rates in other major markets like New York and London. Competitive property prices offer opportunities for high annual yields, ranging from 5 to 9%.
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