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Top Selling Projects in Dubai

Best Sellers in Dubai

Dubai's real estate market has experienced rapid growth in recent years, with a burgeoning population and strong economic fundamentals driving demand. Our experts have selected the best real estate properties with the backing of financial services.

Reportage Verdana in Dubai Investment Park (DIP), Dubai
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Dubai Investment Park (DIP), Dubai

From AED 798,000

Under Construction

  • 1,3,4,5 BR Townhouse
  • 1250-5836 SQ.FT.
Details
Bin Zumurud Mall Of Emirates in Al Barsha, Dubai
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Al Barsha, Dubai

Price on Request

Ready to Move

  • 1,2 BR Apartments
  • 750-1200 SQ.FT.
Details
Emaar The Valley in The Valley, Dubai
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The Valley, Dubai

From AED 1,210,888

Ready to Move

  • 3,4 BR Villa
  • 1929-2336 SQ.FT.
Details
Samana Lake Views in Dubai Production City (IMPZ), Dubai
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Dubai Production City (IMPZ), Dubai

From AED 639,000

New Launch

  • 1,2 BR Apartments
  • 420-1250 SQ.FT.
Details
Reportage Rukan Tower in Wadi Al Safa 2, Dubai
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Wadi Al Safa 2, Dubai

From AED 497,198

Under Construction

  • 1,2 BR Apartments
  • 534-770 SQ.FT.
Details
Samana Ivy Gardens in Dubai Residence Complex, Dubai
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Dubai Residence Complex, Dubai

From AED 522,000

New Launch

  • 1,2,3 BR Apartments
  • 376-1489 SQ.FT.
Details
Reportage Village in Dubai Lifestyle City, Dubai
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Dubai Lifestyle City, Dubai

From AED 1,549,429

New Launch

  • 2,3,4 BR Townhouse
  • 1567-2274 SQ.FT.
Details
Damac Radisson Hotel Apartment in DAMAC Hills 2 (Akoya by DAMAC), Dubai
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DAMAC Hills 2 (Akoya by DAMAC), Dubai

From AED 544,000

Ready to Move

  • 1,2 BR Apartments
  • 500-1240 SQ.FT.
Details
Azizi Victoria Apartments in Mohammed Bin Rashid City, Dubai
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Mohammed Bin Rashid City, Dubai

Price on Request

Ready to Move

  • 1,2,3 BR Apartments
  • 350-1299 SQ.FT.
Details
Durar 1 Tower in Dubai Residence Complex, Dubai
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Dubai Residence Complex, Dubai

From AED 764,000

Ready to Move

  • 1,2,3 BR Apartments
  • 715-1581 SQ.FT.
Details

Dubai Real Estate Market

Dubai is a city located in the United Arab Emirates (UAE), situated on the southeast coast of the Persian Gulf. It is the largest and most populous city in the UAE, with a population of over 3.60 million as of 2022. More than 90% of this population is expats. Dubai is known for its impressive modern architecture, luxury shopping, lively nightlife, and stunning beaches. Dubai's economy is driven by tourism, real estate, and financial services. The city is home to some of the world's most iconic landmarks, including the Burj Khalifa, Burj Al Arab, Dubai Frame, Dubai Fountain, Jumeirah Mosque, Dubai Miracle Garden, Autodrome, Museum of the Future, and the Palm Jumeirah to name a few. Tourists visit Dubai to enjoy its luxurious hotels, sizable malls, cultural heritage, adventurous activities, theme parks, and exciting attractions.

Dubai has been investing heavily in sustainability initiatives and renewable energy in recent years. The city is committed to becoming a global leader in sustainable development. It has launched several green initiatives, including the Dubai Paperless Strategy, Dubai Can, SDC 11 Global Council, Earth Hour, Dubai Demand Side Management Strategy, Green Mobility Initiative, and the Dubai Clean Energy Strategy. Dubai, UAE, hosted COP28 in 2023, the 28th session of the Conference of the Parties (COP28) to the UN Framework Convention on Climate Change (UNFCCC). 

Dubai's real estate market is one of the most dynamic and fastest-growing in the world. The city has become a hub for international investors, and its favourable business environment and strategic location make it a prime destination for property investments. It is currently home to some of the best properties in the world. 

One of the most significant factors driving Dubai's real estate market is its growing population, which has led to a surge in demand for housing and commercial spaces. Dubai's real estate market saw 17.5% growth in Q1 of 2024 compared to Q1 of 2023. Compared to Q1 2023, the overall sales value of Q1 2024 increased by 20.43%. This time frame shows how quickly the Dubai real estate market is expanding. The property types are displayed in the table below, along with their percentages and sales values. Sales for apartments have increased by 24.7%, commercial spaces by 9.4%, sales of plots have increased by 2.1%, and villas have come down to -9.4% versus the sale transaction of Q1 in 2023. 

Market Size of Real Estate in Dubai

The Dubai real estate market comprises various property types at competitive prices and high rental yields. Due to the pandemic in 2020, property prices in Dubai dropped, offering investors and residents a chance to invest and purchase properties in the UAE. In response to this demand, the government has implemented various policies and initiatives to encourage development, which aims to make the city one of the world's most livable and sustainable emirates.

Dubai's real estate market offers a diverse range of properties, from luxury villas and high-rise apartments to commercial buildings and office spaces. Some of Dubai's most popular neighbourhoods for real estate investment include Downtown Dubai, Palm Jumeirah, Dubai Marina, Jumeirah Beach Residences, Media City, Jumeirah Village Circle, Dubai Internet City, Al Barari, Barsha Heights and Emirates Hills. One of the unique features of Dubai's real estate market is the presence of freehold properties, which means that non-UAE nationals can own property in designated areas of the city. This has made Dubai attractive to foreign investors and several high-profile international companies.

Due to its continued attraction of high-net-worth individuals, Dubai's real estate market is anticipated to set worldwide market prices in 2024. However, rising interest rates and other persistent challenges may temper the demand. The city has incredibly modern buildings, and the most recent construction projects appear upbeat and futuristic, attracting investors worldwide. After rising by 20.14% annually in 2023, Dubai's all-residential property price index (RPPI) saw a significant year-over-year gain of 20.71% (16.81% adjusted for inflation) in Q1 of 2024, based on the latest data.

However, like any real estate market, Dubai's market has its own set of challenges. One of the main challenges is the oversupply of properties in some areas, which has put pressure on rental and sale prices. The recent projects are propelling their development rapidly by moving up to the top of the list of nations with the tallest skyscrapers. 

Infrastructure and Connectivity

Dubai is known for its impressive infrastructure and connectivity. The city has invested heavily in building state-of-the-art infrastructure to support its growing economy, and as a result, it has become one of the most connected cities in the world. 

Here's an overview of Dubai's infrastructure and connectivity–

  • Airports– Dubai International Airport and Al Maktoum International Airport. DXB is the world's busiest airport in terms of international passenger traffic, while DWC is one of the largest cargo airports in the world.
  • Roads– Dubai has a well-developed road network with major highways and expressways, including the popular Sheikh Zayed Road, which connects to different UAE emirates. Other everyday popular roadways of Dubai consist of Dubai Marina Walk Street, located near Jumeirah Beach; Sheikh Mohammed Bin Rashid Boulevard, a 3 Km stretch connecting everyday commuters; 2nd December Street, a 3 Km road famous for the site eateries; and Emirates Road, also called E611, one of the busiest roads of Dubai.
  • Dubai Metro—The Dubai Metro is a driverless, fully automated metro system that runs along two lines and covers a distance of nearly 90 km with 47 stations. It is at the Dubai International Airport, easing connectivity throughout the Emirate. In addition, there is a tram system that operates in Dubai's Marina area.
  • Ports– At 67 berths and 134.68 square kilometres (52.00 sq mi), Jebel Ali is the largest port in the Middle East and artificial harbour worldwide, handling over 19 million TEUs (twenty-foot equivalent units) of cargo annually.
  • Dubai has also invested heavily in its telecommunications infrastructure, with high-speed internet connectivity and highly advanced digital infrastructure that supports its thriving tech sector.
  • Landmarks and Attractions– Dubai is home to some of the world's tallest buildings, including the renowned Burj Khalifa. Other iconic structures in Dubai are the Burj Al Arab and the Dubai Fountain.

Overall, Dubai's world-class infrastructure and connectivity have significantly contributed to the city's success as a global business hub and tourist destination.

Demographic Statistics by Population

Dubai’s real estate market is a key beneficiary of significant investment opportunities, attracting investors and residents alike. Thus, Dubai is a preferred destination for immigrants for settlements. 

The current total population in Dubai is 3.60 million people, with only 15% comprising indigenous people and the other 85% being foreigners. Asians constitute 71% of the entire population, or about 85% of the ex-pats, with Indians accounting for 51%. Other Asians in Dubai come from Bangladesh (9%), the Philippines (3%), and Pakistan (16%). The city also boasts a sizable Somali population, with British expatriates making up the majority of Western expats.

Lifestyle, Home & Living

Dubai offers an opulent, pleasant, and thriving lifestyle, with notable and one-of-a-kind lifestyle and entertainment options. The emirate comprises various ethnic backgrounds, which are represented among the residents. An individual in Dubai is exposed to different cultures and dialects. With the world’s known architectural marvels and a blend of modern and traditional cultures, Dubai is an ideal city for an upgraded way of life. The localities in Dubai, such as Downtown Dubai, Jumeirah Village Circle, Dubai Marina, and Business Bay, among others, have features that stand out from the others. Dubai’s real estate market has a wide selection of residential, commercial, and retail properties close to many social and recreational attractions. 

Dubai's magnificence in lifestyle is defined by a myriad of high-end shopping malls, adventure theme parks, spice and gold souk markets, multi-cuisine restaurants, desert safari tours, and much more. 

Real Estate Demand & Opportunities

Q1 2024 sales have opened up to strong demand for the upcoming and existing projects in Dubai despite inflation and construction prices. The total property sale transactions in the first quarter were 36,506, a 17.5% increase compared to Q1 2023. In January, the Dubai property sales saw a 2.9% high in ready apartment sales, a 6.4% fall in ready villa sales, a 25.6% fall in plots, and a 9.4% hike in commercial properties. 

After the pandemic, Dubai’s real estate market showed optimism, as the top localities witnessed upward growth in the rental market. Localities such as Jumeirah Village Circle and Business Bay processed the maximum property transactions of 3774 and 2872, respectively, in 2024 Q1. 

Dubai’s vigorous real estate market features numerous high-end residential and commercial properties for sale and rent. The government has implemented policies to encourage foreign investment, making it easier for non-residents to purchase property in the city. As a result, the real estate market is expected to continue to grow in the coming years. Dubai's infrastructure and connectivity remain key to its success, supporting its booming real estate market and other industries.

Top Localities with Price Trends

Dubai is known for its luxurious and extravagant real estate offerings, and some of its top localities have consistently performed well in terms of property values and rental yields. The sale and rent prices vary by location, property type, and assigned amenities.  

Despite economic and market challenges, Dubai's most popular areas have remained steady and continue to attract various buyers and renters.

Some of the top localities in Dubai are -   

  • Downtown Dubai

Downtown Dubai is one of the city's most popular and prestigious areas, featuring some of the tallest buildings in the world, such as the Burj Khalifa. This area is known for its luxury residential and commercial properties, such as apartments, villas, penthouses, and world-class shopping and dining options. In 2022, the area experienced a sales transaction volume of 543; in the first quarter of 2024, there was a significant increase in sales transactions. The total number recorded was the second-highest in the market, at around 36,000. The increase was 17.5% compared to the same period last year. 

  • Business Bay

Business Bay is a rapidly developing commercial and residential area home to various high-rise towers, offices, and residential properties. Real estate prices in Business Bay have remained stable in recent years, with a slight increase in demand for commercial properties. The area experienced a growing demand in sales transaction volume of 1897 in 2023, an increase of 44.8% last year. In 2024, the sales volume showed almost 2872 transactions, making it one of the top 5 performing areas in Q1 2024. 

  • Dubai Marina

Dubai Marina is a sought-after area in Dubai, celebrated for its abundant waterfront properties, upscale shopping and dining choices, and breathtaking marina vistas. During the pandemic, the locality saw a booming demand for apartments from students and professionals. In February 2023, there was an increase of 33.1% Year over Year. In Q1 2024, Dubai Marina saw 1,744 sale transactions with an investment of almost AED 6.1B.

  • Palm Jumeirah

Palm Jumeirah is a man-made island shaped like a palm tree, featuring some of Dubai's most luxurious and exclusive properties, including Atlantis the Palm. This area is known for its stunning beachfront villas, high-end resorts, and world-class amenities. According to recent reports, property prices in Palm Jumeirah have remained relatively stable. In the first quarter of 2024, Palm Jumeirah showed significant activity in the real estate market. There were almost 29 transactions for villas in Q1 2024, and in Q4, there were 25 transactions. In Q1 2024, Palm Jumeirah accounted for AED 2.3B or 36.3% of the total value of sales of luxury homes.

In Q1 2024, Palm Jumeirah saw 105 luxury property sales, a 19% year-over-year gain at the top of the market.

  • Jumeirah Village Circle

Jumeirah Village Circle is a prestigious area in Dubai. It is renowned for its upscale properties, including villas, apartments, townhouses, private beaches, and its close proximity to some of the city's top attractions. This area is sought after by high-net-worth individuals and families seeking luxurious and spacious homes. The locality has outperformed its sale transaction volume, which increased from 868 in 2022 to 1904 in 2023 by 119.4% over one year. In 2024, sales transactions skyrocketed to 3774, becoming one of Dubai's top 5 performing areas in Q1 2024.

  • Arabian Ranches

Arabian Ranches is famous for its top-notch, family-friendly villas and townhouses. This community provides a peaceful suburban setting with beautiful greenery, fun recreational facilities, and great amenities like golf courses, schools, and shopping centres.

Arabian Ranches' real estate market saw a lot of action in 2024. The total number of transactions and their specifics indicate a strong market in this valued neighbourhood. There has been significant growth in the market, and the current sales volume is calculated to be 215 with AED 1.4B, which is 20.3% higher in the last six months. 

  • Emirates Hills

Emirates Hills is a Dubai neighbourhood renowned for its luxurious mansions, roomy lots, and peaceful setting. This gated community's exclusivity and upscale living standards have led to comparisons to Beverly Hills. Large homes are the neighbourhood's main architectural feature; many have beautiful gardens, private pools, and breathtaking views of the nearby golf courses.

According to the data for the last six months, a sales volume of 19 is 17.4% lower than the last quarter. The sale value is 914.4M, and the average price is AED 2,042 per square foot.

Projects in Dubai: New Project Highlights

Dubai, a metropolitan emirate, continues to build the most lavish residential and commercial properties, including apartment towers, luxurious villas, townhouses, and office spaces. The Dubai real estate market explores new opportunities to construct new-age and futuristic developments. 

Some of the new off-plan projects in Dubai are–

Why Invest in Dubai’s Real Estate Market?

Dubai has emerged as one of the most attractive destinations for real estate investment in recent years. With a rapidly growing economy, a stable political environment, and a multicultural community, Dubai offers a range of opportunities for investors looking to expand their portfolios. The following reasons depict why investors should invest in real estate in Dubai -

  1. Dubai's real estate market is known for its world-class infrastructure, luxury properties, and attractive rental yields. The government has also implemented various initiatives and incentives to encourage foreign investment in the real estate sector, such as the Dubai Land Department's freehold property ownership law that allows foreigners to own property in designated areas.
  2. Additionally, Dubai has developed several mega-projects, such as the Dubai Marina and the Palm Jumeirah, which have transformed the city's skyline and attracted a large number of tourists and investors. The city is also home to several cultural and entertainment attractions, making it a desirable location for investors looking to capitalise on the growing tourism industry.
  3. The tax-free environment is another factor that makes Dubai an attractive destination for real estate investment. Dubai has no property, income, or capital gains taxes, making it ideal for investors seeking to maximise their returns.

The real estate market in Dubai is growing rapidly, with new developments and projects being launched regularly. This presents a range of investment opportunities for investors. Additionally, the government has implemented measures to regulate the market and ensure its stability, which reduces the risk of investment.

Dubai's Top Real Estate Companies

Dubai is known for its booming real estate industry; numerous real estate companies have made their mark. Here are the top Dubai-based real estate companies, along with their establishment year and notable projects -

  • Emaar Properties  

Emaar Properties is one of the largest real estate developers in the UAE and is known for developing the Burj Khalifa, the world's tallest building. Founded in 1997, Emaar Properties creates new experiences that emphasise design superiority, quality construction, and on-time execution. The firm has demonstrated expertise in residential and commercial properties, shopping malls and retail, and hospitality and recreation. Some of its notable projects include the Dubai Mall and Dubai Marina Mall.

  • Nakheel Properties 

Established in 2001, Nakheel Properties is known for developing Palm Jumeirah, one of Dubai's most iconic landmarks, and numerous other high-end residential and commercial developments, including the Deira Islands and the World Islands.

  • DAMAC Properties 

DAMAC Properties is a luxury property developer established in 2002 with a high-end residential and commercial project portfolio in Dubai. Its notable projects include DAMAC Hills, Akoya Oxygen, and DAMAC Towers by Paramount Hotels and Resorts.

  • Dubai Properties 

Founded in 2002, Dubai Properties is a subsidiary of Dubai Holding, a diversified investment group for developing large-scale mixed-use projects. Dubai Properties has developed several residential and commercial projects, including Jumeirah Beach Residence and Business Bay.

  • Meraas Holding

Meraas is a Dubai-based holding company established in 2007. It has developed a range of high-end mixed-use projects, including the Bluewaters Island development, City Walk, and The Beach at JBR.

  • Sobha Group

Founded in 1976, Sobha Group is a multinational real estate developer that has developed several residential and commercial projects in Dubai, including Sobha Hartland and Sobha Creek Vistas.

  • Dubai World Trade Centre (DWTC) 

DWTC is a Dubai World Trade Centre Authority subsidiary responsible for managing and developing commercial properties in Dubai. Established in 1979, Dubai World Trade Centre is a leading real estate developer that has developed several commercial projects, including the Dubai International Convention and Exhibition Centre and Dubai International Financial Centre.

  • Union Properties 

Union Properties is UAE's leading real estate developer and property manager, with a residential, commercial, and industrial portfolio. Established in 1987, Union Properties has developed several residential and commercial projects, including MotorCity and Green Community.

  • Azizi Developments 

Azizi Developments is a leading private developer in Dubai, focusing on mid-market residential and commercial properties. Founded in 2007, Azizi is a privately held company that has effectively created and distributed thousands of properties in prime locations throughout Dubai. Some of their notable projects include Azizi Venice, Riviera and Mina Apartments.

  • Meydan Group

Established in 2007, Meydan Group is a Dubai-based real estate company that has developed several high-profile projects, including Meydan Racecourse and The Meydan Hotel.

  • Nshama

Nshama, a well-known real estate firm in the United Arab Emirates, was founded in 2014 and focuses on using clever and elegant designs to build sustainable communities of the highest calibre. Under the direction of CEO Fred Durie, the business has experience working on major regional projects like Arabian Ranches, Downtown Dubai, and—most importantly—Town Square, which features opulent residences surrounded by expansive green areas.

  • Ellington Properties

Ellington Properties, founded in 2014, is a leading real estate firm in Dubai. It offers bespoke housing in sought-after neighbourhoods like Jumeirah Village Circle, Downtown Dubai, Palm Jumeirah, and Mohammed Bin Rashid City. Its focus is on producing stunning, game-changing homes with a customer-centric approach. Their notable projects include Palm Jumeirah Beachfront Villas, Wilton Park Residences, and Porto Playa. 

  • Danube Properties

The Danube Group, founded by Rizwan Sajan in 1993, has expanded from a single store in Deira, Dubai, to a reputable household name. The multi-million dollar group operates in nine countries and encompasses businesses such as Danube Building Material, Danube Home, and Alucopanel. Danube Properties ranks among the top 5 developers in the United Arab Emirates, highlighting prompt delivery and outstanding quality. Some of their notable projects include Wavez, Miraclez and ELZ.

Frequently Asked Questions (FAQs)

How is the current Real Estate Market in Dubai?

According to studies, property prices in Dubai will increase by 18% in 2024, and the Dubai government estimates real estate expenditures of around AED 246.6 billion for 2024-2026.

How much does Dubai's infrastructure cost?

The Dubai government has allocated AED 6 billion for infrastructure construction in the 2024-26 budget.

What is the population of Dubai?

Dubai’s population as of 2024 is approx 3.60 million.

What is the percentage of Emiratis and other nationalities in Dubai?

Emiratis constitute 10-15% of the Dubai population, while 88% are expats.

Where is the highest ROI in Dubai?

Currently, Dubai Marina and Palm Jumeirah have the highest ROI. With a gross rental income of roughly 5.19% and a return on investment (ROI) ranging from 8 to 15%, Dubai has among the highest rates of real estate ROI in the world.

Which is the cheapest area in Dubai?

International City and Jumeirah Village offer affordable rental residential units compared to other localities in Dubai.

Which is the best community in Dubai?

Dubai Marina is the best Dubai community, offering residential and commercial properties in different budget ranges. Residents benefit from top-notch amenities and facilities, including retail stores, restaurants, and more.

What are the next big projects in Dubai?

The next big projects in Dubai are Ciel Tower, Dubai Creek Tower, Dubai Urban Tech District, Ghaf Woods, Zayed National Museum, Burj Binghatti and Jumeirah Marsa Al Arab.

Which is the poshest area in Dubai?

Palm Jumeirah is one of Dubai’s most expensive and posh localities, offering luxury villas with world-class amenities and facilities.

What are the 5 advantages of real estate investing in Dubai?

Dubai’s five advantages for real estate investing are its strategic location, tax-free environment, high rental yields, stable political and economic environment, and growing real estate market.

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