The emirate’s real estate market is poised for continued growth over the next eight years, with annual price increases expected to range between 3 to 7 percent, according to a leading Dubai developer.
Mohamed Binghatti, Chairman of Binghatti Developers, said the market is on a “resilient trajectory” and does not foresee any downturn in the near future. “Until 2033, we are going to see steady growth in the market. I don’t see any downfall anytime soon,” he told Khaleej Times in an interview.
Binghatti attributed the sustained growth to Dubai’s investor-friendly environment, including simplified legislation, full foreign ownership of companies, and ease of property acquisition. “People are coming to Dubai because the emirate is open to the world,” he noted.
The Dubai property sector has witnessed exceptional expansion over the past four years, buoyed by demand from global investors and high-net-worth individuals. While the market previously saw strong double-digit growth, analysts now expect more moderate, single-digit increases going forward.
Despite the slowdown in growth pace, demand remains robust. Binghatti revealed that his firm is currently selling up to 100 residential units daily, with significant progress reported on their Aquarise project. “We’re almost at 50 percent sales. We continue to see strong interest from investors globally, especially from the UK, Egypt, Turkey, and China,” he said.
He also noted a new trend of British buyers of Asian descent investing in Dubai real estate, further diversifying the market’s buyer base.
Binghatti confirmed that construction on all of the company’s projects is progressing as scheduled. While the developer is exploring international opportunities, its core focus remains firmly on the UAE. “We are looking at other countries like Saudi Arabia and London, but our main priority is Dubai,” he said.
The company also plans to expand its footprint in the branded residences segment, seeking global partnerships to enhance its offerings.
Dubai’s real estate market continues to attract global attention due to its strategic location, stable governance, and lifestyle appeal — factors that are expected to support its growth trajectory well into the next decade.
