According to Provident Estate, Dubai attracts over 8,000 new residents every month, generating a strong demand for property in Dubai. Most ready-to-move units are sold quickly, often within just a few weeks. Engel & Völkers Middle East also reported a 13.2% increase in business for these properties in 2024, because of their high demand.
The growing competition for these homes has driven ready-to-move property prices up by 14.57% in the first half of 2024 compared to last year. For those people who are thinking about investing in these Properties in Dubai, especially Ready to move Apartments, acting quickly is important as demand continues to outrun supply
Dubai Real Estate Market Booms with Population Growth
Dubai’s population grew from 3.66 million to 3.754 million in 2024, putting the city on track to reach over 5.5 million residents by 2040. This growth has fueled strong demand for property in Dubai, especially for Ready to Move Properties.
Most buyers, whether locals or wealthy newcomers, are purchasing homes for personal use, regardless of high rental prices. Ready-to-move apartments are extremely popular because of their all time availability.
Dubai's real estate market is prospering attracting wealthy individuals. The average rental yield in Dubai is between 6% and 8%, much higher than in cities like London and New York. With an 18% rise in property prices from 2022 to 2023, Dubai remains a top choice for those buying property.
CONCLUSION
The demand for ready-to-move properties in Dubai is strong, with budget-friendly units selling out within a month. In the first half of 2024, ready-to-move property prices increased by 14.57%. Dubai’s real estate market offers higher rental yields, between 6% and 8%, compared to cities like London, Hong Kong, and New York. If you’re considering Buying Property in Dubai, now is a great time to invest in ready-to-move apartments. because of their high demand.
