DUBAI | 5 MINUTE READ
DUBAI’S REAL ESTATE MARKET: A RISING STAR FOR
GLOBAL INVESTORS
Earlier this month, our CEO Alec Watt and our Associate Director in Dubai, Sabrina Mehra, had the pleasure of attending Knight Frank Mena’s ‘Destination Dubai 2024’ launch event.
Following this exciting and informative event, our studio has reflected on the Knight Frank Destination Dubai signature report. Dubai's real estate market has demonstrated remarkable growth over the past year, with increasing demand, prices, and rents across all sectors.
At Accouter, we see this as a testament to Dubai's evolving appeal and its strategic positioning as a global investment hub…
SUSTAINED GROWTH AND RISING DEMAND
Dubai has solidified its position as a prime destination for affluent international buyers, with the real estate market experiencing sustained growth. This consistent rise in demand, prices, and rent highlights the city's resilience and attractiveness to high-net-worth individuals (HNWIs). For us at Accouter, this underscores the importance of understanding global market trends and aligning our luxury interior design services with the needs of an international clientele.
PRIME RESIDENTIAL DESTINATIONS
The emergence of new prime residential destinations within Dubai is particularly noteworthy. Areas like Jumeirah Islands have joined the ranks of established luxury neighbourhoods, reflecting the city's dynamic growth and the evolving preferences of affluent buyers. This trend aligns with our approach at Accouter, where we focus on creating bespoke, high-end interiors that cater to the discerning tastes of our clients, enhancing the appeal of these prime locations.
LEADING THE MARKER IN HIGH-VALUE HOME SALES
Dubai now stands as the world's busiest market for home sales exceeding US $10 million, surpassing traditional powerhouses like London and New York. The city's live-work-play lifestyle has garnered global attention, especially since the pandemic, driving increased demand from affluent investors. This shift emphasises the importance of offering comprehensive design solutions that not only enhance residential spaces but also integrate seamlessly with the lifestyle aspirations of our clients.
SIGNIFICANT INVESTMENT FROM HNWIs
The report highlights that 317 high-net-worth individuals, including 100 expatriates based in the GCC, have collectively invested US$ 4.4 billion into Dubai's property market. With a combined net worth of US$ 5.4 billion, these investors are reshaping the real estate landscape. At Accouter, we recognize the significance of this influx of capital and the opportunities it presents for creating luxurious, customized living environments that reflect the unique personalities and aspirations of these investors.
KEY FINDINGS AND MARKET TRENDS
Among the headline findings, it's notable that HNWIs globally have an average budget of US $36.5 million for a home in Dubai, and 69% of these individuals are keen to own a branded residence in the city. Additionally, US $796.8 million of global private capital is directed towards the property markets in Abu Dhabi and Ras Al Khaimah. Dubai also ranks second in demand from buyers in the UK, highlighting its international appeal.
Accouter's Perspective
From Accouter's perspective, Dubai's rise as a leading real estate market presents exciting opportunities. The city's growth trajectory aligns with our commitment to delivering unparalleled luxury interior design solutions. We are poised to cater to the sophisticated needs of HNWIs, ensuring their investments are complemented by exquisite, bespoke interiors that elevate their living experiences.
Dubai's sustained growth and rising demand in the real estate market underscore its status as a premier destination for affluent investors. At Accouter, we are dedicated to capturing the essence of luxury and sophistication, ensuring that our clients' investments are not only financially sound but also aesthetically exceptional.
You can find our Associate Director, Sabrina Mehra, and the rest of our Dubai team at
Emirates
Media One Office
39th Floor
Al Falak St
Al Sufouh
Dubai Media City
Dubai
Contact us today and begin your project enquiry.