Indians Lead Dubai’s Real Estate Market in 2024; Pakistan Climbs to Fifth Spot
Indian investors have once again topped the list of Dubai’s real estate buyers in 2024, with Pakistan securing the fifth position, rising from seventh place, as per a recent report from property consultancy Better Homes.
Dubai’s property market is projected to experience a 5-8% annual price increase in 2025, with luxury hubs such as Palm Jumeirah and Downtown Dubai set to witness even sharper hikes, according to UAE developer Damac.
British buyers secured the second position, while Russian investors, who ranked third in 2023, have now fallen to ninth place. Meanwhile, Turkey has taken over the tenth spot from Poland.
The total real estate transaction value in 2024 reached AED 423 billion, marking a 30% year-on-year surge in both transaction volume and value, as reported by Better Homes.
Dubai’s property sector has continuously broken sales records, with leading developers such as Emaar, Ellington, Meraas, Select, and Omniyat positioned for significant expansion and strong investment potential in 2025, as per Arabian Business.
The luxury real estate market, in particular, has maintained impressive momentum, outperforming global cities like London and New York. The demand for ultra-luxury homes priced at $10 million and above has surged, with projections indicating an 8-10% price increase in 2025, based on Better Homes data.
Dubai’s Real Estate Strategy 2033 aims to push the sector’s valuation to AED 1 trillion, while the city’s population is estimated to reach 4.34 million by 2027.
Tourism remains a key economic driver, with Dubai welcoming a record-breaking 18.72 million overnight visitors in 2024. This growth continues to fuel demand across the retail, hospitality, and real estate sectors.
Infrastructure advancements, including the Etihad Rail Network, the expansion of Dubai’s Blue Metro Line, and major improvements in traffic flow, are further expected to accelerate economic progress.
Dubai continues to attract Ultra High Net Worth Individuals (UHNWI), with an increasing number of luxury-branded residences—now nearing 140—being developed.
The emirate’s appeal to global talent is also rising, supported by programs like the Golden Visa, Blue Visa, and various investor incentives.
Analysts have dismissed concerns of a property “bubble,” with the ongoing boom influencing the hospitality sector as well. The 5-star hotel industry recorded an astonishing 111.8% growth in the past year, according to real estate consultancy Cavendish Maxwell.
