Reasons Why Dubai’s Real Estate Sector Will Double Through 2040.

REASONS WHY DUBAI’S REAL ESTATE SECTOR WILL DOUBLE THROUGH 2040

Overall Growth Trajectory Knight Frank projects that Dubai’s real estate market will increase by 15% in 2024.

Population Explosion Dubai’s 2040 Urban Master Plan anticipates that there will be a “5.8 million increase in the population, taking the total number of residents in Dubai to 7.8 million.

Consistent Uptick in Real Estate Transactions According to developers like Emaar Properties , which projects to “generate Dh485 billion ($132.15 billion) from the sale of its development portfolio by 2040.

Surging Apartment Prices News reports share that “Dubai apartment prices surged 20%” this year, with no slow-down in sight.

Economic Boom The UAE economy on the whole is projected to grow 4% in 2024, thanks to growth in diversified areas such as government plans, tourism, and technology, staying on a steady course of growth.

Foreign Investor Perks Free zones, 0% income tax, and protective government councils and programs such as the Dubai Land Department (DLD) and the Real Estate Regulatory Agency (RERA), create confidence for foreign investors.

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