Dubai’s Continued Dominance of the GCC Real Estate Market

The real estate sector in Dubai continues to outperform other markets across the GCC region and is expected to retain its leadership position in 2024 according to experts.

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In the past year, Dubai accounted for over half of all real estate transactions in the GCC which reached a total value of $171.6 billion.

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This was a significant increase from 2022 and shows how Dubai mitigated declines seen elsewhere like Saudi Arabia, Qatar, and Kuwait.

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Even within the UAE, Dubai is by far the largest market, cementing its status as the financial and business hub of the region which drives real estate demand

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Major developers in Dubai, including Emaar, Damac and Nakheel, continue expanding their product offerings to capitalize on this market strength.

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Overall, the fundamentals that have entrenched Dubai as the dominant force in GCC real estate look set to endure in 2024 and beyond.

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Dubai’s Continued Dominance of the GCC Real Estate Market