Despite global economic uncertainties, the Dubai real estate market is projected to rise by 5%-7% in 2024. This is primarily due to factors such as Dubai's status as a safe haven, a tax-friendly environment, and the continuous growth of its population.

Simultaneously, some emerging trends are worth noting, such as the recovery of the Chinese market and the development of Expo City projects.

To be a successful real estate investor, various factors need consideration, including economic conditions, market trends, and other factors influencing the real estate industry. Some economic factors to watch include changes in interest rates, infrastructure developments, and seasonal factors.

Furthermore, the supply-demand relationship in the secondary housing market will also impact the market.

Among this year's emerging trends, the recovery of the Chinese market is a significant one. With the relaxation of travel restrictions, it is expected that more Chinese tourists will return to the UAE market.

The Expo City project, characterized by existing infrastructure and sustainable development features, has also attracted increasing interest from investors.

It is worth noting that the Dubai real estate market continues to provide value-for-money services compared to other major cities. While the trend of demand outpacing supply will continue to impact the market, investors need to be prepared and maintain a competitive mindset to act swiftly in the market.

Buyers should also keep an eye on the secondary housing market, as in "hotspot" areas like Arabian Ranches and UAE Lifestyle, the situation of supply falling short of demand persists, offering opportunities to renovate outdated properties and resell them at higher prices.