Strong investment returns ignite demand for Dubai real estate

The real estate market in Dubai witnessed outstanding performance during the first half of 2024, coinciding with increased demand and growing investor confidence.

Dubizzle data showed that real estate in Dubai achieved strong investment returns, reaching 9.19% for mid-range apartments in Dubai Silicon Oasis and 6.49% for luxury apartments in Dubai Creek Harbour. The most sought-after areas included Dubai Marina, Business Bay, and Downtown Dubai, with an investment return of 6.43%. Additionally, luxury villas in Dubai Hills Estate recorded a return of 4.64% with an average price of 15.99 million dirhams.

Edited by: Emtelak Global©