Indians remained the largest buyers of Dubai real estate in 2024, while Pakistanis saw a rise, securing the fifth spot, up from seventh, according to Better Homes, a Dubai-based property consultancy. This continued dominance underscores Dubai’s appeal to international investors, particularly in its thriving luxury real estate market.
Property prices in Dubai are expected to rise by 5-8% annually in 2025, with luxury areas like Palm Jumeirah and Downtown Dubai seeing even higher increases, according to UAE developer Damac. The total property sales in 2024 reached AED423 billion, reflecting a 30% year-on-year growth in both transaction value and volume.
While British buyers took second place, Russian buyers, who were in third in 2023, fell to ninth, and Turkey replaced Poland in the tenth spot. The luxury real estate sector has been performing exceptionally well, surpassing markets like London and New York. Homes priced at over $10 million are expected to see price increases of 8-10% in 2025.
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Dubai’s real estate sector continues to break records, with prominent developers like Emaar, Meraas, and Ellington set for significant growth. The city’s ambitious Real Estate Strategy 2033 aims for a market valuation of AED1 trillion by 2033, alongside an expected population growth to 4.34 million by 2027.
Dubai’s appeal is bolstered by record tourism numbers, attracting 18.72 million visitors in 2024, fueling demand in retail, hospitality, and real estate. Infrastructure projects like the Etihad Rail Network and the Blue Metro Line are also set to enhance the city’s growth, reinforcing its position as a prime location for luxury developments and attracting Ultra High Net Worth Individuals.
