Since the 1990s, Dubai has been continually developing its real estate market. In 2002, Dubai implemented liberal real estate policies, encouraging foreign investors to invest in the region while vigorously promoting tourism. These policies led to rapid development in Dubai's real estate market, making it one of the most prosperous real estate markets globally.

Dubai's real estate market primarily consists of high-end residential, commercial, and office buildings, including iconic man-made islands, skyscrapers, and shopping centers. In 2019, the residential market in Dubai experienced some fluctuations, but its commercial and office markets remained stable.

Furthermore, Dubai's real estate market has attracted many internationally renowned brands, including top-tier hotels and high-end retail brands, injecting significant vitality into Dubai's real estate sector.

Despite the massive impact of the COVID-19 pandemic on the global economy, Dubai's real estate market continues to show a robust recovery. In the first quarter of 2021, real estate transactions in Dubai grew by 44%, reaching 36.7 billion dirhams (approximately 10 billion USD). This indicates that Dubai's real estate market is gradually recovering and drawing widespread attention from investors.

Analysts project that, with the gradual recovery of the global economy and the resurgence of the tourism industry, Dubai's real estate market will maintain its strength. According to the latest report from JLL, Dubai's real estate market is expected to continue growing over the next five years, with the commercial and office markets being among the most promising areas. Additionally, as more international brands enter the Dubai market, competition in the market is expected to intensify.