Dubai Real Estate has been appreciating for 11 consecutive quarters

This is attributed to the emerging supply shortage. Let’s delve into the numbers.

Currently, in Dubai, there are 77,864 properties in the construction phase, with a final completion date set before 2028. This means an average construction rate of 13,000 homes per year.

However, there has been a recent surge in property buyers (particularly interest from investors in CIS countries and China), surpassing the available supply, leading to an objective increase in prices.

In just the third quarter of this year, prices rose by 5% (19% annually) and by 30% compared to the first quarter of 2020.

A significant demand-supply imbalance indicates that we are likely to witness a sustained increase in Dubai real estate prices for the next 5-6 years and beyond.