Real Estate

Dubai’s real estate market is poised for significant growth, with 90,000 new homes expected to be delivered over the next two years. Figures released by fäm Properties highlight the city’s robust expansion, supported by 1,034 projects currently under construction, totaling 288,020 units.

Dubai's capacity to meet growing demand is evident from the 101,654 units launched in 2023, with 2024 set to break records, having already reached 99,779 units. Firas Al Msaddi, CEO of fäm Properties, emphasized the city's commitment to growth, noting that 41,800 units are projected to enter the market in 2025—a record for a single year—followed by 48,400 in 2026.

Al Msaddi shared insights at The Game Changers - Dubai Real Estate Summit ahead of its launch at the Coca-Cola Arena. The event features industry leaders, including top US broker Ryan Serhant and Dr. Mahmoud AlBurai, Senior Director of Real Estate Policies and Innovation at Dubai Land Department.

Despite facing challenges in procurement and logistics due to global risks, Dubai’s real estate development teams are ensuring timely project delivery. The emirate’s top five areas for completed units in 2024 include:

• Al Merkadh: 4,052 units
• Jumeirah Village Circle: 3,042 units
• Jebel Ali First: 1,518 units
• Wadi Al Safa 5: 1,273 units
• Dubai Hills Estate: 1,212 units

In terms of future supply, Jumeirah Village Circle leads with 29,174 units, followed by Business Bay, Dubai South, Wadi Al Safa 5, and Dubai Marina.

This surge in new properties reflects the emirate’s growing reputation as a global hub for real estate investment, with continued activity expected well into the future.

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