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Eden Realty: UAE real estate market shows remarkable growth and innovation
UAE's real estate sector sees robust growth, with significant transactions in Dubai's Palm Jumeirah and expanding residential markets in Abu Dhabi, driven by technological innovation and strategic developments. The article Eden Realty: UAE real estate market shows remarkable growth and innovation first appeared in TravelDailyNews International.
“The UAE’s real estate sector is experiencing unprecedented growth and transformation, marked by significant developments across Dubai and Abu Dhabi, alongside innovative technological initiatives. Dubai’s iconic Palm Jumeirah continues to dominate the luxury real estate segment, with recent high-value transactions highlighting its enduring appeal. The area saw the sale of an apartment in AVA at Palm Jumeirah by Omniyat valued at AED 73.4 million (USD 20 million).” comments Ray Verma, Luxury Broker at Eden Realty UAE.
The market has also witnessed a significant surge in institutional investments, marking their perception of real estate in the UAE as a mature and sophisticated asset class. This evolution is attributed to the development of mixed-use projects, a stable economic environment, and enhanced regulatory frameworks that have helped build investor confidence.
“Alongside Dubai, Abu Dhabi’s residential real estate market is also poised for substantial expansion, with plans to deliver 38,700 new residential units by 2028. The market has shown robust performance, with 9,700 sales transactions in 2024 totaling AED 26 billion. The city’s property prices have seen remarkable growth, with apartment prices rising by 11.5% and villa prices increasing by 12.5% in 2024. Areas like Yas Island saw apartment prices surge by over 20%.” says Mr. Verma from Eden Realty.
“As the UAE continues to position itself as a global hub, its real estate market remains a cornerstone of economic growth. The combination of luxury market expansion, technological innovation through tokenization, and strategic development plans demonstrates the country’s commitment to maintaining its position as a leading destination for real estate investment and development.”
The article Eden Realty: UAE real estate market shows remarkable growth and innovation first appeared in TravelDailyNews International.
