The real estate sector in Dubai stands as a premier destination for astute and intelligent investors.

The Dubai real estate market is currently experiencing a robust boom, with substantial sums of capital from around the world being invested in this asset class. This trend was disclosed by Kashif Ansari, the Co-founder and Group CEO of Juwai IQI, during an exclusive interview with Gulf Today. He highlighted that the surge of global investors flocking to the Dubai real estate market bodes well for developers who are responding to the escalating demand by unveiling new projects.

In the first half of 2023, Dubai's real estate sector witnessed a remarkable tally of 76,119 real estate transactions, cumulatively valued at Dhs283 billion ($77 billion), according to data from the city's land department. This substantial activity sends a resounding message to global investors who are seeking to safeguard their wealth by immersing themselves in real estate—a burgeoning asset class that is increasingly recognized as a new global currency. In the current financial landscape, tangible assets are once again in vogue, echoing a reminiscent era from the 1970s where investments in real estate, gold, and silver took center stage.

Key focal points for real estate transactions in Dubai this year include prominent areas such as Business Bay, Burj Khalifa, Dubai Marina, Al Barsha South Fourth, Wadi Al Safa, and Palm Jumeirah, as elaborated by Ansari.

Juwai IQI holds the anticipation that the upward trajectory of the Dubai real estate market will endure for the next 4 to 5 years, featuring substantial capital appreciation and attractive rental yields. Moreover, the company projects an impressive growth rate of 18% to 20% for the Dubai real estate market by the years 2024 to 2025. This potential growth rate positions Dubai ahead of renowned global cities like New York, London, and Paris. The demand for luxury housing is particularly vigorous, with discerning and knowledgeable investors channeling their funds into Dubai's real estate landscape.

Dubai remains an immensely appealing destination for working professionals and global investors seeking to enhance their lifestyles and living standards. The city's landscape boasts an array of global companies and prominent media entities like CNN, Bloomberg, and CNBC, all of which have established their bases in Dubai and are further expanding their operations. This substantiates Kashif Ansari's viewpoint that Dubai is poised to be the destination of choice for the next 5 to 10 years, allowing individuals and businesses to leverage its thriving economy and resilient growth trajectory.