Dubai’s prime property market is poised to experience a growth of 3% in 2026, supported by ambitious plans to add 331,000 new homes within the next five years. This expansion is largely fueled by a growing number of millionaires relocating to the city, boosting demand for luxury and ultra-luxury homes since the pandemic.
Experts have noted a significant increase in wealthy buyers seeking prestigious residences in the post-pandemic era. As a result, developers are accelerating property supply to satisfy this heightened market demand.
Besides the luxury segment, Dubai’s population growth is outstripping the current supply of residential properties. The city is seeing approximately 470 new residents daily, yet only 150 new homes are constructed each day. To address this imbalance, Dubai announced in March the allocation of land to develop over 17,000 affordable housing units across the emirate.
Moreover, the launch of Corinthia Dubai on Sheikh Zayed Road represents a new pinnacle of ultra-luxury living. This iconic residence, marketed exclusively in partnership with Forbes Global Properties, is designed to attract high-net-worth buyers.
In summary, Dubai’s real estate market is showing robust momentum by balancing luxury home demand with initiatives to provide affordable housing for its growing population.
Key points to note:
- Expected 3% growth in prime property market by 2026.
- 331,000 new homes planned over the next five years.
- Surge in wealthy buyers driving demand for luxury and ultra-luxury properties.
- Population growth significantly surpasses residential home supply.
- Over 17,000 affordable housing units to be developed.
- Introduction of Corinthia Dubai as a landmark ultra-luxury residence.
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