Despite rising prices, Dubai's real estate industry has continued its upward trend. You'll find a comprehensive analysis of the real estate market in Dubai, including its history, current situation, and outlook. Notwithstanding inflation, supply chain challenges, and geopolitical crises, Dubai's real estate market continued to post strong growth numbers.

Asteco's UAE Real Estate Report Q2 2022 found that the emirate's real estate supply and demand were both on the rise during that quarter.

Real Estate Supply Overview in Dubai

According to the survey, the real estate industry experienced increased optimism in the first half of 2022, leading to the introduction of several major projects. In the beginning, this was helped along by the booming secondary market.

Although the majority of projects have been sold with construction milestone-linked payment plans, incentivizing developers to complete projects on or ahead of schedule, the report warned that rising construction costs and supply chain issues represent increasing risks for developers and will likely result in delays for projects at pre/early stages of construction.

The number of available apartments rose dramatically from the first quarter of 2022 (when there were 6,000) to the second quarter (when there were 7,000). In addition, the number of newly finished villas doubled to 520. But during the preceding three months, no additional significant office space handovers occurred.

FAQs

Is Dubai a Good Real Estate Market?

According to the UBS Bubble Index 2022, Dubai is one of the most attractive markets worldwide for investors looking for value. The real estate market in the city has the energy and favourable conditions to exceed the markets in the rest of the world for the next 18 months. 

Why Dubai Real Estate Is Booming?

An inflow of wealthy investors, such as Russians looking to shelter their assets, bankers fleeing harsh Covid regulations in Asia, and rich Indians seeking second homes, is benefiting the emirate's luxury end of the real estate market.