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CIELO PROPERTIES
2024 Statistics
Total Transactions: The market witnessed a 27% year-over-year increase in transaction value, reaching AED 523.1 billion, with a 36% rise in sales volume, totaling 180,900 transactions.
Property Prices: Average property prices surged by 75% since February 2021, reaching AED 1,750 ($476.50) per square foot.
Luxury Segment: Dubai led globally in luxury home sales, recording the highest number of property transactions over $10 million, surpassing cities like New York and London.
Rental Market: Rents increased by up to 20% in key areas, reflecting heightened demand.
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2025 PROJECTIONS
Continued Demand: The trend of high-net-worth individuals migrating to Dubai is expected to persist, sustaining demand for luxury properties.
Supply Expansion: To meet soaring demand, Dubai plans to construct an additional 19,700 villas by the end of 2025
Technological Integration: The adoption of AI and blockchain technologies is anticipated to transform property transactions, enhancing efficiency and security.
Economic Outlook: The UAE's GDP is projected to grow by 5% in 2025, driven by foreign direct investment, tourism, and real estate expansion.
In summary, Dubai's real estate market in 2024 showcased robust growth, particularly in the luxury segment, driven by economic resilience and strategic initiatives. The outlook for 2025 remains positive, with continued demand and technological advancements expected to further bolster the market.
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Top Tier Projects Revealed
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Projects starting from as little as $325K
High ROI Opportunities and Rental Yields
Advantageous Deposit and Payment Structures
Dubai was voted 6th safest city in the world by Forbes for 2024
Projects starting from as little as $450K CAD
Advantageous Deposit and Payment Structures
High ROI Opportunities and Rental Yields
HIGH STANDARD
We strive to provide our clients with luxury, comfort & tailor-made service.
The team at Cielo did an excellent job in guiding me to select the right project for me in Dubai. They always provide clear information and helped through the whole process.
Nadeem Saeed
Cielo showed honesty, diligence, and transparency throughout the process. They delivered clear concise information and helped me buy my first investment property in Dubai.
Gino Balotelli
Cielo did a great job and assisted me in finding a great condo to rent out in the middle of Dubai Downtown. They know the city very well and made sure I looked at only good deals in the market.
Sarah Malik
