Dubaï 2024 : Les prédictions dévoilées !

As we embark on the new year 2024, let's dive into the exciting world of the Dubai real estate market.

Anticipation for 2024: continued expansion of the real estate market

The first half of 2023 has been full of twists and turns for Dubai's real estate market, and analysts expect this momentum to continue over the next 18 months. Although property prices are expected to increase, the pace could be more moderate compared to previous years.

Nonetheless, Dubai looks set to retain its place among the world's leading real estate markets in the short to medium term.

Forecast for Dubai in 2024:

• Capital appreciation: 2 to 4%

• Rent increases: 5 to 10%

• Increase in GDP: 2 to 3%

Evolution of the Dubai Real Estate Market: Resilient Growth

Examining recent trends reveals a pattern of sustained growth, indicating maturation rather than speculative fluctuations. Transaction volumes and total values ​​from 2019 to 2023 confirm this positive trend:

• 2019: 41,000 transactions worth 81 billion dirhams

• 2020: 52,000 transactions totaling 175 billion dirhams

• 2021: 60,000 transactions reaching 150 billion dirhams

• 2022: 120,000 transactions representing 500 billion dirhams

• 2023 (ESTIMATED): Consolidation estimated at 180,000 transactions and 500 billion dirhams, highlighting the resilience of the market despite global challenges.

Support for Dubai's Real Estate Boom: Positive Factors in 2024

Many factors are contributing to the positive sentiment surrounding the Dubai real estate market in 2024:

• Solid performance of the non-oil sector

• Diverse economic forces and international recognition Government initiatives stimulating investment and consumption

• Anticipated rebound in oil GDP contributing to economic growth

Booming demand and innovative projects: The real estate revolution in Dubai continues

Demand for residential real estate remains robust, driven by local and international investors. Off-plan projects were a significant driver, accounting for 57% of transactions in 2022.

New project launches increased by 73% in 2022, indicating developers' continued confidence in sustained demand.

Future Outlook: Optimism reigns in Dubai's real estate future!

Taking into account economic indicators, investor sentiment and market maturity, a Dubai property crash in 2024 seems unlikely. Instead, the market appears poised for continued growth and stability.

However, real estate investments carry inherent risks, requiring due diligence and expert advice.

Nevertheless, the outlook for Dubai's real estate market in 2024 appears promising, driven by strong economic fundamentals, sustained demand and government initiatives. Resilience, market diversification and the anticipated rebound in oil GDP paint a positive picture for Dubai's real estate future.

The time is now, you don't have to wait until 2024 to join the fiery wave of financial prosperity in this dynamic city. Now is the time to seize the opportunity and embark on your investment journey in Dubai.