Genuine Demand Drives Dubai Real Estate Growth

Genuine Demand Drives Dubai Real Estate Growth

Amira Sajwani, Managing Director of DAMAC Properties, confirmed that Dubai’s real estate market is experiencing sustainable growth driven by genuine demand from new residents. This shift indicates a move away from speculative buying toward purchases for actual use.

Sustainable Growth Driven by Real Demand

Sajwani highlighted that Dubai attracted over 220,000 people in 2024, creating a need for at least 80,000 residential units — exceeding the total housing supply of the past three years combined.

She added that the market is maturing, with more buyers purchasing properties for real use rather than speculation, reflecting the strength and stability of Dubai’s real estate sector.

Dubai: A Preferred Destination for Investment and Living

Sajwani noted that Dubai has become one of the most stable and attractive cities globally for investment and residency. Economic opportunities, quality of life, and security are motivating families to relocate and settle in the city.

Decline in Speculation, Rise in Genuine Demand

She emphasized that speculative activity in the market has significantly declined. Demand is now largely driven by end-users, whether in ready-to-move-in projects or off-plan properties, showing a notable shift in buyer behavior compared to ten years ago.