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Source: Emaratalyoum.com
Published on 03/06/2025

Dubai’s Housing Market Grows with 243,000 New Homes by 2027

Dubai’s Property Boom: 145,000 Off-Plan Units Launched in 2024

Dubai’s real estate market is set for a major supply boost, with 243,000 new residential units expected by 2027. According to Cavendish Maxwell, apartments will make up 80% of this inventory, helping stabilize prices and rents.

Jumeirah Village Circle leads the supply surge with 25,000 units, followed by Business Bay (16,000), Azizi Venice (13,500), Damac Lagoons (11,100), and Arjan (9,000). Key areas like Palm Jumeirah, Dubai Hills, and Dubai Marina will also see over 2,000 units each.

January 2025 marked Dubai’s first property price dip in two years, with a 0.57% drop. However, experts see this as a healthy market adjustment rather than a downturn.

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Off-plan sales remain strong, with 145,000 units launched in 2024—an average of 400 per day. Developers like Emaar, Binghatti, and Damac led the way, fueled by demand from India, China, and the Middle East.

With new projects launching daily and high investor interest, Dubai’s property market continues to expand while regulators ensure sustainable growth.