Dubai’s real estate sector continues to experience unprecedented growth, and Deyaar Development is positioning itself at the forefront of this expansion. The company has announced plans to launch five new property projects worth Dh8 billion ($2.17 billion) in 2025, catering to the increasing demand for premium and mid-range housing.
Strategic Expansion and Market Outlook
Deyaar’s new projects will be strategically located, with four developments planned in Dubai and one outside the city, though the exact emirate remains undisclosed. These projects will add between 2,000 and 2,500 new residential units to the market. Prices will vary depending on location, with waterfront properties expected to range between Dh2 million and Dh3 million, while units near Sheikh Mohammed bin Zayed Road and Dubai Production City will average around Dh900,000.
The real estate market in Dubai has been on an upward trajectory, driven by strong demand from both local and international investors. Deyaar’s CEO, Saeed Al Qatami, highlighted that high-net-worth individuals and young professionals are increasingly relocating to Dubai due to its thriving job market, business-friendly environment, and high quality of life.
Record-Breaking Growth in Dubai’s Property Market
Dubai’s property sector has been witnessing record-breaking transactions, with total real estate deals reaching Dh761 billion in 2024, a 20% increase from the previous year. The number of transactions surged by 36%, totaling 226,000 deals. The demand for luxury homes also remained strong, with the city recording 435 home sales valued above $10 million, amounting to a total of $7 billion in transactions.
Deyaar is capitalizing on this momentum by targeting buyers from India, Europe, and China, along with UAE nationals. The company aims to generate Dh15 billion in revenue by 2028 or 2029, a significant increase from the Dh1.5 billion recorded last year.
Rising Rents and Property Prices
Deyaar expects property prices and rental rates to continue rising in 2025 due to a supply shortage and increasing demand. The current occupancy rate in Dubai is close to 90-91%, with rental prices witnessing consistent growth over the past three years. Analysts predict this trend will persist until new developments are completed in 2026 and 2027, which could stabilize prices in certain locations.
Government Initiatives Boosting Real Estate Growth
Dubai’s real estate boom is supported by progressive government policies, including long-term residency visas, the golden visa program, and incentives for remote workers and retirees. The introduction of a smart rental index, allowing property owners on Sheikh Zayed Road and Al Jaddaf to convert their ownership to freehold, is also expected to fuel further investment.
Deyaar is already leveraging these opportunities and plans to convert its plot on Sheikh Zayed Road into freehold property in the second half of the year.
Future Outlook
With sustained demand, increasing foreign investment, and government-backed initiatives, Dubai’s real estate market is set for continued expansion. Deyaar’s ambitious plans align with the city’s vision to remain a top global property investment hub. As the company moves forward with its multi-billion-dollar projects, it remains committed to delivering high-quality developments that cater to both investors and end-users.
