Page 226 - SOBHA REALTY PR REPORT - NOVEMBER 2024

Explore UAE developers and their projects

Factors Fueling Dubai’s Real Estate Boom

Dubai’s real estate market is not only booming due to its global appeal but also because of several
supportive factors driving the market.
Market Drivers:

• Interest Rates: Favorable financing conditions with lower interest rates

• Investment-Friendly Policies: Government initiatives supporting foreign investments

• Infrastructure Growth: Expanding residential and commercial developments

Outlook for Dubai’s Real Estate Sector

With the upward trend in both off-plan sales and completed transactions, Dubai’s property market
shows no signs of slowing down. Investors can expect new project launches, stable growth, and
ample opportunities for both luxury and mid-market segments.

Final Notes and Facts:

• Dubai property sales in October 2024: 20,460, a record high

• Nearly 95% of sales were residential transactions

https://blog.psinv.net/dubai-real-estate-market-reaches-record-sales-in-october-2024/