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A total of 90,000 new homes will be built in Dubai over the next two years

A total of 90,000 new homes will be built in Dubai over the next two years

A total of 90,000 new homes will be built in Dubai over the next two years

As Dubai real estate gets ready for yet another new peak in 2024, the growth of the property sector is anticipated to continue over the next two years, with a record 90,000 new homes entering the market.

Ahead of The Game Changers – Dubai Real Estate Summit, Dubai-based fäm Properties released data indicating that 41,800 units are anticipated to be sold in 2025, which would be a record for a single year. In 2026, this will raise the total to 48,400 units.

The goal of the October 24 summit at the Coca-Cola Arena is to provide prospective professionals with expert advice on how to succeed in Dubai’s competitive real estate market.

The market’s capacity to meet demand is demonstrated by the influx of new properties, which reflects Dubai’s strong commitment to growth and expansion. There are currently 1,034 projects totaling 288,020 units under construction.

The record of 101,654 launched units annually set in 2023 seems to have been surpassed, with the total for 2024 already at 99,779 and still rising.

Speaking ahead of the event, Firas Al Msaddi, the CEO of fäm Properties, said: “There are 41,800 new units set to enter the market in 2025 – a record for a single year – rising to 48,400 in 2026. Meanwhile, the number of units delivered in 2027 and beyond will likely be driven by projects launched in 2025 onwards, pointing towards continued activity in the years to come.”

“The market’s ability to keep up with demand is also shown by the consistency we’re seeing in the volume of yearly launched properties. The total soared by more than 81% year on year in 2023, and that level is being matched this year,” he added.

Ryan Serhant, a well-known US broker and reality TV personality, and Dr. Mahmoud AlBurai, Senior Director, Real Estate Policies and Innovation at the Dubai Land Department, will join Al Msaddi on stage to discuss his ideas for the future structure of the emirate’s real estate market.

“With the rapid growth that we’re seeing, real estate developers and contractors are facing increasing pressure to streamline their procurement processes,” stated Al Msaddi.

“The sector is grappling with significant logistics challenges, including availability and lead times of delivery, rising shipping costs, and the looming threat of global and regional geopolitical risks that could disrupt major trade routes,” he noted.

“Despite these challenges, real estate development management teams are working tirelessly to ensure that projects are delivered on time,” he added.

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