UAE Real Estate Market Projected To Reach AED 2.6 Trillion By 2024
The UAE real estate market is growing rapidly. According to reports, it is going to reach AED 2.6 trillion in value in 2024. The significant increase in the interests of elites, millionaires, and billionaires in UAE’s luxury real estate is considered the primary factor behind this growth.
The UAE witnessed the sale of 105 luxury homes in the first quarter of 2024. These stats indicate the scope of interests. It exceeds the performance of other top markets such as New York and London. Wealthy people prefer Dubai for luxury real estate investment, boosting the property sector’s growth and development.
Normally, people consider Dubai, UAE for investment because of its offerings. Its economic stability, strategic location, world-class infrastructure and feasible investment opportunities, opulent lifestyle, iconic skyline and business-friendly environment attract investors from all over the world and let them purchase commercial and residential properties for sale.
Experts highlight that the demand for properties is continuously increasing in the UAE. Regional and international investors are coming to the UAE. The role of government policies, developers and real estate companies cannot be negated to make it a real estate investment hib.
