The average price of housing in Dubai will increase by 8% in 2025, analysts at the consulting company Knight Frank predict. Luxury properties will also increase in price, but by about 5%.
It turns out that Knight Frank is betting on a slowdown in the market: the expected growth rate is almost 2.5 times lower than the current one. In the first three quarters of 2024 alone, sales in Dubai exceeded the figures for the entire 2023 (31.7 million USD).
Interestingly, in the most popular emirate, almost every fifth residential property is currently being sold for 1 million USD (18.1%). For comparison, in 2020 it was only 6.3%.
It is difficult to attribute the rise in prices to speculative factors. It is rather due to the consistent actions of the authorities in the period after the pandemic. First of all, this is the introduction of liberal visa programs, which attracted wealthy foreigners.
Detailed statistics on average property prices in Bulgaria by cities and neighborhoods can be seen HERE