The Dubai real estate market is showing signs of stability as developers focus more on property delivery rather than new project launches. This year, a total of 42,241 units are expected to be completed, including apartments, villas, townhouses, and commercial properties. Over 13,000 units have already been completed, with more expected in the coming years. With ongoing deliveries, Dubai’s residential stock is projected to surpass 760,000 units by the end of 2024, helping to balance the demand-supply situation.
Despite the market stabilization, statistics from the Dubai Land Department show a decline in sale transactions in the second quarter of 2024. However, the overall real estate market has witnessed growth, with a total of 80,118 properties valued at Dh233.1 billion being sold in the first half of 2024. Additionally, mortgage transactions have also seen an increase compared to the previous year.
Leading developers like Emaar Properties, Nakheel, and Dubai Properties continue to dominate the market, while smaller developers work towards their contributions. Marquis Developers, a lesser-known player, has been quietly launching and delivering homes, with its recent project, Marquis Insignia project, receiving attention. The company has successfully delivered residential and commercial units in Arjan, showcasing its commitment to customer satisfaction.
The Dubai property market has seen significant growth fueled by various factors, including enhanced investor facilitation, transparent property transactions, and new off-plan projects. The city has welcomed a significant number of new residents in 2024, further driving the demand for property. Investors are also attracted to projects like the new airport in Dubai South, metro stations, and Etihad Railway, leading to increased interest in the real estate market.
As the UAE’s economy continues to grow, driven by international investments, the region is expected to attract more global attention. High-net-worth individuals are drawn to Dubai’s investor-friendly environment, freehold areas, and iconic architecture. Properties priced above US$10 million have seen a rise in sales, reflecting the city’s appeal as a destination for affluent buyers and tenants.
Marquis Developers, operating as a Shariah-compliant and debt-free enterprise, focuses on delivering spacious, family-oriented residences that offer a comfortable living environment and investment opportunities. The company’s commitment to quality and customer satisfaction is evident in its track record, with projects like Marquis Signature standing out as luxury developments offering unique amenities and a family-centric lifestyle.
