The property market in the United Arab Emirates is set to experience a a substantial increase in its prices<\/strong>, particularly in the off-plan segments in Dubai, Abu Dhabi and Ras Al Khaimah. This trend is driven by various factors, including the\u2019rise in construction costs<\/strong> and the high demand from international investors<\/strong>. This article explores the forecasts for these markets in 2024.<\/p>\n\n\n\n In recent months, there has been an increase in 2\u20133 % of construction costs<\/strong> across the United Arab Emirates. This phenomenon is mainly attributed to persistent problems in the global supply chain and to the\u2019international economic instability<\/strong>. Taken together, these factors are putting upward pressure on construction costs, which is having a direct impact on the property market.<\/p>\n\n\n\n Dubai continues to attract international investors<\/strong> thanks to its stable legal framework and strict property regulations. For example, the Dubai Land Department requires that investors\u2019 funds be placed in dedicated escrow accounts<\/strong> to project-specific expenditure, which helps to boost investor confidence.<\/p>\n\n\n\n Sales of off-plan property in Dubai are expected to see a a 10 to 15 per cent rise in prices in Q3<\/strong> during the second half of 2024. The built-in properties<\/strong> and the smart home technologies<\/strong> are becoming increasingly popular with buyers, particularly those who British investors<\/strong> who now outnumber the Indians, drawn by the tax benefits<\/strong> and the high rental yields<\/strong>.<\/p>\n\n\n\n The capital is also seeing a a large influx of international investors<\/strong>, particularly for luxury properties located in seafront developments such as Al Raha Beach. This interest is further fuelled by the relative economic stability<\/strong> of the town and by the initiatives aimed at attracting foreign capital<\/strong>.<\/p>\n\n\n\n The property market in Ras Al Khaimah (RAK) is expected to experience a price rises of up to 50 1Q3Q<\/strong> in certain segments prior to the opening of the new casino. The growing demand from foreign investors<\/strong>, combined with the frequent new property launches<\/strong>, has led to this surge in prices.<\/p>\n\n\n\n RAK is taking a proactive approach by regularly launching new property developments<\/strong>, which stimulates demand and has a positive impact on market prices. This attracts not only local residents but also a distinct group of\u2019international investors<\/strong> looking for lucrative opportunities.<\/p>\n\n\n\n Recent trends show a growing preference for projects offering advanced home technologies<\/strong> and some integrated communities<\/strong> offering all the amenities needed for everyday life. These features add significant value and enhance the appeal of modern properties.<\/p>\n\n\n\n Another key factor attracting foreign investors is the availability of gold visas<\/strong> and the tax benefits<\/strong> present in the United Arab Emirates. These factors, combined with a exceptional standard of living<\/strong> and some high rental yields<\/strong> make these destinations particularly attractive to international investors.<\/p>\n\n\n\n In summary, the property market in the United Arab Emirates is heading towards a period of sustained growth<\/strong> and rising prices in various sectors. Future challenges will centre on managing this growing demand<\/strong> whilst maintaining the quality<\/strong> and the\u2019innovation<\/strong> in the property sector to continue to attract investors from around the world.<\/p>","protected":false},"excerpt":{"rendered":" Les perspectives du march\u00e9 immobilier aux \u00c9mirats arabes unis en 2024 Le march\u00e9 immobilier des \u00c9mirats arabes unis s\u2019appr\u00eate \u00e0 conna\u00eetre une augmentation substantielle de ses prix, notamment dans les segments hors plan de Duba\u00ef, Abu Dhabi et Ras Al Khaimah. Cette tendance est aliment\u00e9e par divers facteurs, dont l\u2019augmentation des co\u00fbts de construction et la forte […]<\/p>\n","protected":false},"author":8,"featured_media":12733,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-12732","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actualite"],"_links":{"self":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/12732","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/comments?post=12732"}],"version-history":[{"count":1,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/12732\/revisions"}],"predecessor-version":[{"id":12734,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/posts\/12732\/revisions\/12734"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media\/12733"}],"wp:attachment":[{"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/media?parent=12732"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/categories?post=12732"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dubairealestate.net\/en\/wp-json\/wp\/v2\/tags?post=12732"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Dubai: A rise in off-plan property prices<\/h2>\n\n\n\n
Rising construction costs<\/h3>\n\n\n\n
Increased demand from foreign investors<\/h3>\n\n\n\n
Specific trends in the off-plan segment<\/h3>\n\n\n\n
Abu Dhabi: Sustained growth in the property sector<\/h2>\n\n\n\n
Price update for flats and villas<\/h3>\n\n\n\n
\n
International investors and luxury projects<\/h3>\n\n\n\n
Ras Al Khaimah: An emerging market to watch<\/h2>\n\n\n\n
Price growth forecasts<\/h3>\n\n\n\n
Launches of new properties<\/h3>\n\n\n\n
New trends and their overall impact on the market<\/h2>\n\n\n\n
Smart technologies and integrated communities<\/h3>\n\n\n\n
Tax benefits and golden visas<\/h3>\n\n\n\n
Conclusion: Towards a promising future<\/h2>\n\n\n\n