About the Dubai Real Estate Market

Dubai is the UAE’s second largest emirate, with an area of around 4,100 square kilometres. The thriving metropolis has succeeded in becoming the most recognised Middle Eastern city globally.

Since the end of the British Mandate, the UAE amassed a vast fortune in oil exports and used those petrodollars to invest in infrastructure, finance, tourism, manufacturing and trade, as well as initiating growth in other sectors that are typically active in western markets.

This has led to substantial economic growth and exponential population growth, particularly over the last 15 years.
Property investment increased steadily and was enjoyed by UAE nationals until 2002, when, by royal decree, foreign expats became eligible to own property in Dubai. Over the next five years, the city suddenly experienced a construction boom when overseas investors poured money into Dubai’s property market.