Dubai real estate to see steady growth as more serious buyers invest in local markets

Dubai’s real estate market has seen three cycles of growth so far. But it saw two boom-bust cycles – first during the 2008 global financial when the market crashed for the first time and again during the Covid-19 pandemic.

Following the three-and-a-half-year rally, industry players are confident that the market will not bust but see a slower and steady growth. This is because the industry now has more end-users and serious investors who are investing in the local market.

As the third growth cycle comes to an end, experts are confident that there will be no boom-bust again – thanks to key initiatives such as Escrow account, inflow of millionaires and end-users that have played a key role in bringing stability in the market.