What is the outlook for Dubai's real estate market in the 2024/2025 business season?

Dubai's real estate market is set to experience sustained growth in the 2024/2025 business season, with strong sales, rising property values, and the rapid absorption of new inventory. Analysts at Elite Merit Real Estate project a promising trajectory, driven by high demand, particularly in luxury sectors like Palm Jumeirah, and supported by a surge in new developments, with around 41,000 units expected in 2025. While an increase in supply could lead to potential price stabilization, the market's resilience, investor confidence, and technological advancements, including AI and proptech, are expected to maintain growth. However, challenges like oversupply and decreasing prime land availability may impact certain segments in the long term.

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