Despite global headwinds, the real estate market in Dubai continues to leap over other metropolises amid global economic challenges. The influx of HNWIs and overseas buyers investing in Dubai’s high-end developments with residents eyeing for stability and benefits from the new freehold and visa-related reforms, a rush of first-time home buyers has proven the resiliency of the Emirate that holds an abundance of safe and unmatched opportunities as a global hub for business, tourism and innovation

Dubai Real Estate had over 84,196 real estate transactions in 2021 worth almost AED 300 billion. The value of these transactions is the highest it’s ever been in the recorded history of Dubai Real Estate. Q2 2022 when compared to Q2 2021 showed an increase of 45.86 percent for volume and an increase of 61.56 percent for value.

Proptech, a combination of property and technology cites to the management, handling, and monetization of real estate assets using technologies such as AI, blockchain and automation. The rising digital transformation throughout the property sector such as predictive analytics, asset digitization, IoT in workplace management, data analytics on market performance, and predictive analytics in asset performance is revolutionizing the industry and cannot be ignored.