The Boom in Affordable Luxury Real Estates in Dubai
Dubai, UAE – But the live astonishing fact is that even the budget friendly luxury segment’s real estate market is booming. In March of 2024, the value of real estate transactions surged by 34% as a result of growing need for off-plan properties. Experts say this trend will continue with property prices increasing 5 to 8% on a yearly basis while rental returns reach 7% by 2025. Dubai’s luxury sector is equally growing, with apartment prices in premium neighborhoods increasing by 26% year on year.
What Hikes Growth in Dubai’s Real-estate Sector?
This growth can be attributed to several factors:
• Better Return on Investment: Investors are getting good returns with rental properties.
• Policy Support: Government makes it handy for buyers and investors with their policies. ✅ Marketing Payment Options: Developers are trying to draw more attention by giving flexible payment plans.
• Green Living: Several new concepts are targeted towards being eco-friendly and energy-efficient.
Dubai’s achieved more than 169,000 property sales during the year 2024 at AED 488 billion in sales, which clearly demonstrates how strong and positive the market is. In response to this demand, an increasing number of developers are building more modern and lavish yet affordable homes with high standards.
What’s next for the Affordable Luxury Dubai Market?
The highly estimates that the market will expand at a slightly constant rate throughout the forecast period, with CAGR of 2.28% from 2025 to 2029. In 2030, the market is anticipated to reach AED 2.79 trillion and will be fueled by the: Economic Policies, Friendly policies towards investors, City infrastructure expansion
Market analysts estimate that there will be an increase of 5-10% new project launches in 2025 targeting this hot market niche. Dubai is establishing its brand as a premier global real estate center and industry leaders such as ZāZEN Properties are spearheading this change.
How Incognito Mystery Shopping Can Help
At Incognito Mystery Shopping Consultancy, we specialize in helping real estate developers and hospitality businesses improve their customer experience. Our mystery shoppers assess property tours, sales interactions, and service quality, providing valuable insights to enhance customer satisfaction and boost sales.
Want to ensure your real estate project delivers the best experience? Partner with Incognito Mystery Shopping Consultancy today!