AX Premium Properties Highlights Dubai’s Thriving Luxury Property Market
Mr. Nadeem Sufy of AX Premium Properties shared insights into the growing momentum in Dubai’s luxury real estate sector. Iconic developments like Palm Jebel Ali, The Haven by Aldar, The Acres, and Damac Island Waterfront have sparked exceptional interest among investors and homeowners. The launch of Damac Island Waterfront on 10 December 2024 stands as a testament to this demand, as all properties were sold within 10 hours, generating a staggering AED 10 billion. Such milestones underline the increasing enthusiasm for luxury properties in Dubai.
Global Appeal Drives Demand
Roadshows in regions like the UK, US, and Europe have highlighted a trend of families and investors relocating to Dubai in 2025, boosting the demand for high-end villas and waterfront residences. Property prices in Dubai are forecasted to rise by 8% as the emirate strengthens its reputation as a leading destination for personal and institutional investment. Alongside this, rental rates are set to climb, with short-term leases expected to see an 18% increase and long-term leases projected to grow by 13%.
To meet this surging demand, around 9,000 luxury villas are scheduled for delivery by the end of 2024, with an additional 19,700 units expected in 2025. Dubai’s investor-friendly policies, thriving economy, and tax-free environment continue to draw global attention. Innovations such as blockchain technology and AI are transforming the real estate landscape, simplifying property transactions for buyers, sellers, and investors alike.
Record-Breaking Growth in Dubai’s Real Estate Market
Dubai’s real estate sector witnessed unprecedented growth in 2024. October alone recorded AED 54.6 billion in transactions across 23,791 deals, reflecting a 69% increase in volume and a 55% rise in value compared to the previous year. November followed suit with over AED 40 billion in deals, showcasing the resilience of the market and the confidence of both local and international investors.
A Bright Outlook for 2025
Dubai’s competitive pricing, especially compared to global cities like London and New York, coupled with government initiatives that favor investors, have been instrumental in driving this growth. Experts anticipate continued progress in 2025, with property prices rising further and new developments focusing on community-centric designs and shared living spaces.
With the economy forecasted to grow by 6.2% in 2025, Dubai’s real estate sector remains a cornerstone of its investor-friendly environment. AX Premium Properties, a trusted leader in Dubai’s real estate market, offers unparalleled expertise in property sales, rentals, and management. With a commitment to customer satisfaction and a deep understanding of market trends, AX Premium Properties is ready to assist investors and residents in exploring Dubai’s exciting opportunities in 2025.
