According to new Statista data, the UAE real estate industry is anticipated to be valued AED2.6 trillion by the end of the following year.

High-net-worth individuals‘ (HNWIs) interest in investing in opulent residences in the city is the reason for the prolonged increase.

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Dubai outpaced prestigious markets like New York and London in the first quarter of 2024, selling 105 luxury residences and getting closer to reaching the record of 431 transactions of properties valued more than $10 million set the previous year.

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Dubai’s ultra-luxury and general real estate markets are expected to develop as the city’s wealthy population rises—a 24.6 percent increase in HNWIs is predicted by 2025.

“We have seen the regional real estate market witness continued growth with the Dubai real estate market proving to be the leader when it comes to sales volume and surging price growth,” said Georgina Atkinson, Managing Partner, Origin Private Office. We have witnessed strong demand in the ultra-prime market from both domestic and foreign investors, with many of our UHNW clients from the UK/Europe and Asia opting to migrate or establish a presence in Dubai.

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As consultants, we consider ourselves extremely lucky to be assisting developers who work in the market’s “true” or “ultra-prime” segment—of whom there are genuinely very few. Our extremely skilled staff has consulted on some of the most famous structures in the world, so they have a plethora of international experience. We are excited to help provide exceptional residential development options to Dubai’s thriving real estate market, she continued.