The Dubai real estate market continues to thrive, with a significant increase in property purchases by Pakistani investors.

According to a new report by Betterhomes, Pakistanis have now climbed to the fifth position among the top foreign property buyers in Dubai, moving up from seventh place last year.

The report reveals that Indian nationals remain the top property buyers in Dubai, followed by British investors in second place.

Russian buyers, who previously ranked third, have now slipped to the ninth position, while Turkish nationals have secured the tenth spot.

Also, read this

Pakistani expat wins big in UAE lottery

Stuck in eternal drought, UAE turns to AI to make it rain

Dubai introduces AI-based new platform for quick residency visa renewals

Dubai-based real estate giant DAMAC predicts that property prices will rise by 5 to 8 per cent this year. Luxury hotspots like Palm Jumeirah and Downtown Dubai are expected to see even higher price surges.

In 2024, the total value of properties sold in Dubai reached AED423 billion, reflecting a 30% annual increase in transaction volume and value. The luxury property segment has performed exceptionally well, outpacing global cities like London and New York. Dubai’s realty strategy targets AED1 trillion market

Dubai’s Real Estate Strategy 2023 aims to achieve a market valuation of AED1 trillion, aligning with the city’s projected population growth to 4.34 million by 2027.

Experts believe this real estate boom is not temporary but a sign of a stable and sustainable market, which is also boosting the hospitality sector.

Over the past year, the five-star hotel industry has experienced exponential growth, further strengthening Dubai’s position as a global investment hub.