The demand in Dubai’s real estate sector remains robust. Industry experts note that high-end developments by leading developers often sell out within hours or even minutes. For instance, a recent project by Meraas sold out in just 45 minutes, while Aldar Properties, an Abu Dhabi developer, completed sales of its Dubai project in 72 hours. This rapid pace of sales underscores the strong appetite for premium real estate.
Foreign buyers are heavily involved in these hot sales. Statistics show that expatriates and overseas investors account for 83% of sales. Among them, investors from India, Egypt, and the UK are the top three international markets. This indicates that Dubai’s real estate appeal extends beyond local investors, attracting substantial international capital.
First-time buyers play an increasingly significant role in the market. Data reveals that first-time buyers represent 88% of sales. This trend demonstrates that despite strong demand for high-end projects, first-time buyers are still the major driving force. These buyers have a clear understanding of Dubai’s real estate investment potential and are actively engaging in purchasing activities.
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Top developers in Dubai, such as Meraas, Dubai Holding, Emaar Properties, Nakheel, and Damac Properties, hold a prominent position in the market. Leveraging their strong brand assets and extensive brokerage networks, these developers have a clear advantage. Fäm Properties CEO Firas Al Msaddi notes that these developers use their brand influence and market networks to drive most sales. However, even top developers may not always sell out projects quickly; ultra-luxury projects with high prices typically require more time to complete sales.
As the market matures, buyers have become more selective, and competition among developers has intensified. Al Msaddi points out that the ample supply of residential properties has led buyers to be more discerning in their project choices. This signifies a gradual maturation of the market and highlights that competitive indicators are becoming increasingly important in determining the success of developers. Additionally, in a high-cost borrowing environment, buyers are also placing greater emphasis on repayment plans.
Despite the intense competition, Dubai’s real estate market continues to attract a large number of investors. Al Msaddi emphasizes that the market’s strong performance is supported not by a single country or region but by a diverse international investor base. This diverse investor structure provides strong support for the market’s long-term stability and continued growth.
