Dubai
Dubai's property market experienced a record-breaking surge in 2023. Transactions hit unprecedented highs, fuelled by economic reforms and an influx of foreign investors. Prices soared 18 per cent year-on-year, with villas leading the charge, according to Deloitte. Rentals followed suit, increasing by a whopping 26 per cent compared to pre-pandemic levels. This momentum is expected to hold for the remainder of 2024 and into 2025, though a projected influx of new housing might temper the rate of growth. With its ambitious 10-year strategy aiming to double the city's economic output by 2033, the future looks bright for Dubai.