Dubai Forecast to See Strongest Growth in Prime Residential Property Market in 2024

According to a recent report by global real estate consultancy Savills, Dubai is expected to see the strongest growth in its prime residential property market amongst top global cities in 2024.

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Dubai Forecast to See Strongest Growth in Prime Residential Property Market in 2024

According to a recent report by global real estate consultancy Savills, Dubai is expected to see the strongest growth in its prime residential property market amongst top global cities in 2024.

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This stellar performance cemented Dubai’s position as the hottest prime residential market globally last year.

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However, Savills anticipates that the emirate’s prime property prices will grow at a more modest.

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The city remains relatively affordable globally, with average capital values of $850 per square foot.

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It also offers a low cost of living, warm climate, world-class infrastructure and amenities, safety and stability, and an increasingly business-friendly environment.

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Properties in these freehold, coastal locations offering world-class amenities have continued appreciating at a rapid pace through 2023.

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