Anticipated stabilization in rental price growth with the introduction of 20,000 new properties to the market in 2024.

Mercedes-Benz-Places

According to an expert speaking to Arabian Business, rental growth in the Dubai real estate market is projected to ease in 2024 due to a notable influx of new properties entering the market. Over half of the new project launches were concentrated in Dubai South East, which is expected to restrict substantial price increases citywide. Rental growth is forecasted to moderate in certain outlying areas of the city due to a significant upcoming supply. A total of 3,788 units priced above AED10 million were sold across the city, marking a 63 percent year-on-year increase. A two-tier market is emerging, with more established locations experiencing sustained demand for luxury developments.

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