More thank 40,000 units likely to be delivered this year, but developers remain upbeat
Dubai’s Real Estate Market Gears Up for a Landmark ‘Year of Delivery’ in 2025
Dubai’s real estate sector is set for a milestone year in 2025, with an estimated 42,000 new residential units scheduled for completion, according to market projections.
This marks a significant 35% increase from the 27,541 homes delivered in 2024. Furthermore, forecasts suggest that 2026 could see another 60,000 units entering the market, reinforcing Dubai’s position as a thriving property hub.
At present, Dubai boasts 1,180 ongoing real estate projects, encompassing a total of 325,546 residential units under construction.
Sustained Demand Driving Market Growth
Despite the influx of new developments, industry experts anticipate that Dubai’s property market will continue its robust performance. “Dubai’s real estate sector remains strong, fueled by sustained global demand. Additionally, the city’s population is approaching four million, further driving housing needs,” noted Vir Vijay Doshi, CEO of Vincitore Group, in a recent interview with Khaleej Times.
In 2024, real estate transactions in Dubai reached Dh761 billion, with Dh526 billion attributed to property sales, purchases, and mortgage transactions.
Vincitore Expanding Its Luxury Portfolio
Vincitore Real Estate recently introduced Vincitore Benessere, which is being positioned as Dubai’s first wellness-focused luxury residential development. Situated in Arjan, adjacent to Dubai Miracle Garden, the project consists of 380 residential units and 39 retail spaces.
“We are also on schedule to deliver another major project by year-end, further diversifying our portfolio and contributing to the city’s ongoing real estate growth,” Doshi revealed. The company has ambitious plans, expecting to launch projects worth Dh5 billion in 2025.
Streamlining the Development Process
Navigating the challenges of real estate development requires efficiency, and Vincitore follows a structured approach. “Our projects sell out rapidly upon launch, allowing us to proceed with construction and timely delivery. Although factors such as supply shortages, workforce management, and quality control pose occasional hurdles, the unwavering support from the government enables us to overcome these challenges efficiently,” Doshi emphasized.
Dubai’s dynamic real estate landscape continues to evolve, backed by strong government initiatives and investor confidence, ensuring a steady trajectory of growth and development in the years ahead.
