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.
+1 (619 ) 3 39- 797 8 i n fo@ ggben i t ez in t ern a ti o n a l . c o m www. g g be ni t e z i n t e rna t i o n a l.com