Property Monitor, a real estate research and data platform, foresees a sustained brisk pace of new project unveilings in Dubai, especially during the initial and subsequent quarters of the current year, as reported by Invest-Gate.
The emphasis is primarily on opulent and high-caliber developments, given that the market share of residential properties priced above AED 10 million reached 3.7% in December. There is a growing demand for lavish and distinctive units.
As per the December Dubai Real Estate Market Report, there are more than 150 projects in the planning and early launch phases, indicating that the rapid rate of new project introductions will persist at least throughout the first half of 2024.
Furthermore, the report highlights a rise in the number of new and smaller developers entering the market.
