Dubai’s property market sees rapid growth as construction booms

Dubai’s property market continues to stand out as one of the most dynamic in the world, driven by rapid growth in the construction sector. In recent months, the city has seen a significant increase in demand for new residential and commercial developments, driven by both foreign investment and the post-pandemic recovery in tourism and business. With new luxury projects, innovative skyscrapers and expanding residential areas, Dubai is increasingly attracting international investors. The local government has invested in tax incentives and facilitating policies, while the city’s growing expat population is also driving growth. Experts say the construction sector will continue to boom, with optimistic forecasts for 2024, when the city is expected to deliver a series of megaprojects.