LONDON, UNITED KINGDOM, December 19, 2024 /EINPresswire.com/ — The latest research by eXp Realty Dubai has revealed that Dubai ranks second within its global cities index, with the city having seen one of the strongest performances with respect to the annual rate of property value appreciation.
Dubai Ranks Second Globally for Property Value Growth, Reveals eXp Realty Study
Dubai has emerged as a global leader in property market performance, ranking second in a new global cities index compiled by eXp Realty Dubai. The city showcased one of the highest annual growth rates in property value, cementing its reputation as a powerhouse in real estate.
The comprehensive analysis by eXp Realty examined annual property value appreciation across 30 global cities. The findings revealed Dubai’s remarkable 19.4% growth in property values over the past year, placing it just behind Krakow, Poland, which saw a growth rate of 24.7%.
Rounding out the top three was Madrid, with an impressive 18.9% increase in property values. Notably, Abu Dhabi also secured a spot in the top 10, ranking seventh with a year-on-year growth rate of 10%.
Other cities demonstrating robust annual property growth included Warsaw (+14.2%), Thessaloniki (+11%), Barcelona (+10.8%), Porto (+8.6%), Athens (+7.5%), and Montreal (+6%).
While cities like Mumbai (+4.6%), Tel Aviv (+4.2%), and Manchester (+3.3%) recorded moderate growth, some markets experienced subdued performances. Cities such as Los Angeles (+1.9%), Sydney (+1.6%), Milan (+1.6%), Delhi (+1.5%), and Hamburg (+0.3%) showed minimal year-on-year increases.
However, not all markets saw positive trends. Seven major global cities experienced declines in property values. London saw the slightest drop at -0.5%, while Berlin (-6.2%) and Paris (-5.5%) reported the most significant reductions.
Dubai’s Unmatched Real Estate Ecosystem
Commenting on the findings, Dounia Fadi, Head of eXp Realty Dubai, praised Dubai’s exceptional performance:
“Dubai’s consistent growth is a testament to its visionary leadership and strategic planning. The city’s world-class infrastructure, strategic location, and progressive policies have created a thriving ecosystem for both businesses and residents.
Dubai’s focus on sustainability, innovation, and ensuring the happiness and safety of its population has elevated its global appeal. The city doesn’t just follow trends; it sets them, making it a global hub for talent and investment.”
As Dubai continues to lead with groundbreaking initiatives and a commitment to excellence, its real estate market remains a beacon of growth and resilience on the global stage.
