PropVR
- Get all 3D visualisation under one roof
- Virtual Sales Tool for remote showcase
- Tech-enabled Experience Center Solutions
Shortlisted Projects
- Project
- Resale
- Rental
Country/City
Top Cities
Top Cities
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.
New Launch
New Launch
New Launch
New Launch
Under Construction
Under Construction
New Launch
New Launch
Ready to Move
Under Construction
It won’t be an understatement to say that Mirdif, situated in Dubai, is where elegance meets the comfort of serene…...
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 3.55 million people. 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 and the Palm Jumeirah. Tourists flock to 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 and has launched a number of green initiatives, such as the Dubai Green Mobility Initiative and the Dubai Clean Energy Strategy.
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, with a forecast increase of 46% in 2023 sales.
The Dubai real estate market comprises various property types at competitive prices and high rental yields. Due to the pandemic, property prices in Dubai dropped low, 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, 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 2023. Nevertheless, the demand may be tempered by rising interest rates and other persistent challenges. The city has incredibly modern buildings, and the most recent construction projects appear upbeat and futuristic, attracting investors worldwide. As per studies, property prices in Dubai will increase by at least 10 to 15% in 2023, with some neighbourhoods set for a 46% growth.
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.
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, Dubai has become one of the most connected cities in the world. Here's an overview of Dubai's infrastructure and connectivity:
Overall, Dubai's world-class infrastructure and connectivity have played a significant role in the city's success as a global business hub and tourist destination.
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 3.55 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 India accounting for 51%. Other Asians in Dubai come from Bangladesh (9%), the Philippines (3%), and Pakistan (17%). The city also boasts a sizable Somali population, with British expatriates making up the majority of Western expats.
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 living. 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 has a wide selection of residential, commercial, and retail properties close to many social and recreational attractions.
A plethora of high-end shopping malls, adventure theme parks, spice and gold souk markets, multi-cuisine restaurants, desert safari tours, and much more define the magnificence of the lifestyle of Dubai.
At the onset of 2023, Dubai witnessed upward growth with new project launches despite inflation and construction prices. The total property sale transactions in January 2023 were 9,827, a 70.3% increase compared to January 2022. In January, the Dubai property sales value saw a 55% high in apartment sales, 25% in villas, 18% in plots, and 2% in commercial properties.
In February 2023, the total property sale transactions were 8,994, which is a 42.1% increase compared to February 2022. In February, the Dubai property sales value saw a 48% high in apartment sales, 32% in villas, 19% in plots, and 2% in commercial properties. In addition, most off-plan projects have been leased with payment plans connected to construction benchmarks, encouraging developers to finish tasks on time or early.
Post the pandemic, Dubai’s real estate market saw a sign of optimism as the top localities in Dubai witnessed an upward growth in Dubai’s rental market. Localities such as Jumeirah Village Circle and Business Bay processed the maximum property transactions of 997 and 772, respectively.
Dubai’s robust real estate market has numerous high-end residential and commercial properties lined up 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. Overall, Dubai's infrastructure and connectivity continue to be a key factor in its success, supporting its booming real estate market and other industries.
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.
Overall, Dubai's top localities have demonstrated resilience and stability in the face of economic and market challenges and continue attracting diverse buyers and renters.
The top localities in Dubai are -
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. The area in 2022 experienced 543 sale transaction volume; in February 2023, it was 795, with an increase of 46.4% on Y-o-Y.
Business Bay is a rapidly developing commercial and residential area and home to various high-rise towers, offices, and residential properties. Real estate prices in Business Bay have been stable in recent years, with a slight increase in demand for commercial properties. The area has seen a flourishing demand in sale transaction volume from 1313 in 2022 to 1897 in 2023, with an increase of 44.8% on Y-o-Y.
Dubai Marina is another popular locality in Dubai, known for its luxury waterfront properties, high-end shopping and dining options, and stunning views of the marina. The locality saw a booming demand for apartments by students and professionals post the pandemic. With 1077 sales transaction volume in 2022, the numbers rose to 1433 in February 2023, with an increase of 33.1% Y-o-Y.
Palm Jumeirah is a man-made island shaped like a Palm tree, featuring some of Dubai's most luxurious and exclusive properties, including The Atlantis. 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, with a slight increase in rental yields. With a high demand for seaside villas, the area’s sale transaction volume in 2022 was 383, and it went up to 550 in 2023, with an increase of 43.6% Y-o-Y.
Jumeirah Village Circle is a prestigious locality in Dubai known for its upscale properties, such as villas, apartments, townhouses, private beaches, and proximity to some of the city's top attractions. This area is popular among high-net-worth individuals and families looking for luxurious and spacious homes. The locality has outperformed its sale transaction volume from 868 in 2022 to 1904 in 2023, with an increase of 119.4% Y-o-Y.
Dubai, a metropolitan emirate, continues building 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 -
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 -
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 is known for its booming real estate industry; numerous real estate companies have made their mark. Here are the top 10 Dubai-based real estate companies, along with their establishment year and notable projects -
Emaar Properties is one of the largest real estate developers in the UAE, known for developing the Burj Khalifa, the world's tallest building. Founded in 1997, Emaar Properties creates new experiences emphasising 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.
Established in 2001, Nakheel 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 is a luxury property developer with a high-end residential and commercial project portfolio in Dubai, established in 2002. Some of its notable projects include DAMAC Hills, Akoya Oxygen, and DAMAC Towers by Paramount Hotels and Resorts.
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 is a Dubai-based holding company that was established in 2007. It has developed a range of high-end mixed-use projects, including the Bluewaters Island development and City Walk and The Beach at JBR.
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.
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 Dubai International Convention and Exhibition Centre and Dubai International Financial Centre.
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 is a leading private developer in Dubai, focusing on developing mid-market residential and commercial properties. Azizi, a privately held company founded in 2007, has effectively created and distributed thousands of properties in a number of prime locations throughout Dubai.
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.
As per studies, the property prices in Dubai will increase by at least 10 to 15% in 2023, with some neighbourhoods set for a 46% growth.
The Dubai Government has allocated AED 5.2 billion for infrastructure construction as part of the 2022-24 budget.
The current population of Dubai in 2023 is 3.55 million, which is a 1.48% increase compared to 2022.
In Dubai, Emiratis constitute 15% of the population, while 85% are expats from around the world.
Dubai Marina is anticipated to have high rental returns for apartments at 7.04%, while apartments in International City are expected to have the greatest return on investment under the inexpensive category at 9.22%.
International City offers affordable rental residential units compared to other localities 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.
The next big projects in Dubai are Ain Dubai, The Royal Atlantis, Dubai Hills Mall, Palm Tower, Sky Walk at the Address Sky Views, Museum of the Future, and Dubai Harbour.
Palm Jumeirah is one of Dubai’s most expensive and posh localities, offering luxury villas with world-class amenities and facilities.
The five advantages of investing in real estate in Dubai are the strategic location, tax-free environment, high-rental yields, stable political and economic environment, and growing real estate market.
