Dubai Becomes The Leading Global Market For Branded Residences, Growing 160% in Ten Years

 Dubai Becomes the Leading Global Market for Branded Residences, Growing 160% in Ten Years

As per the Middle East Economic Digest on August 25, the global demanded for standard residences that has surged by 160% over the past decade. Dubai, with its outstanding scale and quality of development, has become a global leader in this sector. According to a Betterhomes report, Dubai currently has 61 completed projects and another 100 under construction, with the total expected to exceed 140 by 2031.

Dubai's success stems from proactive government policies, a business-friendly environment, and high-quality innovative projects by developers. The growth of high-net-worth individuals in the UAE has driven demand for luxury residences, which are typically priced more competitively than in other international cities, offering stable rental yields and capital appreciation potential. Branded residences are priced about 40% higher than non-branded ones and perform better in resale.

By 2030, global branded residence development projects are expected to reach 1,400, with the Middle East and North Africa region accounting for 25%. Dubai is now setting the new standards for good residences worldwide.