As 2024 approaches, our comprehensive analysis of 2023 Dubai market transactions and movements through AI-driven tools reveals significant trends and predictions in the real estate sector.

Predictions:

1. Moderate Price Increase:
   Predictions suggest continued growth in property prices, with a shift in focus from luxury to mid-market segments.
2. Record Sales Volumes:
   High transaction volumes indicate sustained demand.
3. Off-Plan Sales Dynamics:
   An increase in off-plan resales, moderated by developer policies.
4. Rental Yield Stabilization:
   Plateauing rental yields suggest a maturing market.
5. Market Equilibrium:
   A balance between supply and demand, impacting price acceleration.
6. Emerging Neighborhoods:
   Localized growth in new, developing areas.

The Dubai real estate market in 2024 is set for growth, focusing on affordable and mid-market properties. AI insights predict a stabilization in specific segments, indicating a mature, balanced market with emerging opportunities in new neighborhoods.

Furthermore prime locations where the supply of new housing is limited will have significant capital appreciation.