Dubai to add new 20000 housing unit in the second half of the 2024. The city will add new homes to establish its position as a center for luxury living, investments, and beautiful architecture.
The real estate market in the city is expanding and attracting a lot of investment and development. The emirate welcomed 50,000 new investors in the first half of 2024, leading to real estate deals of AED 346 billion ($94.2 billion). Dubai plans to build 20,000 residential units in the second half of 2024 as part of this growth.
Investor Flow: AED 346 billion ($94.2 billion) in real estate transactions were recorded in the first half of 2024, marking an impressive rise in the market. The growing real estate sector in Dubai attracted about 50,000 new investors.
Residential Supply: Approximately 6,600 residential units were completed between January and June of 2024. These apartments are a part of large-scale projects managed by well-known real estate companies including Dubai Investments, Emaar Properties, and Deyaar Development. At now, Dubai has 736,000 residential units in total.
Values of Top Properties: City’s prime real estate saw strong growth that above the worldwide average. By around three percent, values increased in the first half of 2024. Luxury real estate investors have discovered to be an attractive location.
Rent Moderation: It is expected that the supply of new housing would bring about the stability of rental prices, which will benefit both tenants and investors. Tenants can discover suitable residences with more options, while landlords can profit from a balanced market.
Urban Change: The skyline of Dubai is variable. Every new construction in the city adds to its unique design and urban fabric because of its commitment to innovation and efficiency.
In conclusion, the real estate market in Dubai is still active and popular around the world. The city will add 20,000 new homes in the second half of 2024, establishing its position as a center for luxury living, investments, and beautiful architecture.
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