The UAE real estate market is anticipated to reach a value of AED2.6 trillion by the end of next year, according to recent data from Statista.

The extended growth is attributed to the interest of high-net-worth individuals (HNWIs), specifically their demand for luxury property investment in the city.

In the first quarter of 2024, Dubai saw the sale of 105 luxury homes, bringing the city closer to matching last year’s record of 431 transactions of properties worth over $10 million, outpacing prime markets like New York and London.

As the influx of wealthy individuals into Dubai continues to rise, with a projected 24.6 percent increase in HNWIs by 2025, the city’s ultra-luxury and overall real estate market are poised for further growth.