Over the past 15 years, the UAE real estate market has developed rapidly. This transformation, experts say, will continue at a record pace thanks to technologies that allow customers to view, tour and purchase property with just a click of a button. In addition, solid government support, a unique economy and diversity created by more than 40 different nationalities in the country, contribute to the development of the state. The diversification of visa policies and the growth of tourism also positively affect the influx of global investors.

Today in the UAE, a new wave of home-seekers are actively exploring new areas and are considering the country as a long-term residential option. People are seeking properties with unique outdoor spaces, beachfront living, a wide range of amenities, exclusive lifestyle and scenic water views.

The latest Property Finder Market Watch report for Q1 2023 showed that Dubai Marina, Downtown Dubai, Business Bay and Palm Jumeirah were among the most preferred locations for Dubai residents to purchase real estate for investment or residence purposes. The average asking price for one-bedroom apartments in these popular areas ranges from AED 779K (USD 212K) to AED 2.9M (USD 790K).

According to the report, home buyers prefer the communities of Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, DAMAC Hills and Mohammed Bin Rashid City to purchase affordable luxury villas and townhouses.