The Real Estate Price Forecast in Dubai by 2024

The real estate price forecast in Dubai by 2024 remains optimistic. It is anticipated that this sector will continue to grow at a rate of 5 to 7 percent. There might be a slowdown or even a slight rollback in prices, yet the decline is not expected to exceed the range of 5 to 10 percent.

The respective report also highlights differences in prices between villas and apartments. Villa prices have already surpassed previous peak levels, while apartment prices lag behind by 10 to 20 percent due to the surplus of offerings that were on the market earlier.

Hospitality, wholesale and retail trade sectors, as well as financial services, are expected to sustain their growth. However, the real estate market is likely to slow its pace over the next 12-18 months following the successful results of 2023.

Experts note that the combination of rising property prices and reduced pre-sales may pose a risk of cyclical reversal. Nevertheless, developers are likely to tailor their offerings to the demand by offering smaller-sized spaces to align with market trends.

Overall, the real estate market in Dubai remains stable and attractive for investors in the coming years despite anticipated adjustments.

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