Dubai’s Real Estate Boom: Nearly 40,000 New Units Set for Launch in Late 2024

As Dubai’s property market continues to thrive, the final months of 2024 are expected to witness a surge in new real estate developments. Nearly 40,000 new units are set to be launched, reflecting the city’s growing demand for residential and commercial properties. This wave of new projects is anticipated across key areas like Dubai Islands, Jumeirah Garden City, Dubai Maritime City, and Motor City.

In the first eight months of 2024 alone, developers sold almost 86,000 units, amounting to AED 213.7 billion. By the end of the year, total sales are expected to surpass last year’s figure of AED 272 billion. With nearly 200 additional projects in the pipeline, developers are pushing to meet demand, particularly in the off-plan market, where buyers invest in properties before they are built.

The growth is driven by Dubai’s position as a global hub for real estate investment, attracting both local and international buyers. The city’s strategic location, business-friendly policies, and luxury living standards have played a major role in this expansion. Moreover, incentives such as the UAE's Golden Visa for property investors further boost confidence in the market, making it more appealing to invest in high-end and off-plan properties.

Dubai’s ongoing investment in infrastructure, luxury living, and real estate promises to cement its position as one of the world’s top property markets for the foreseeable future​

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