Over the last few years, Dubai has witnessed massive growth in the real estate industry, which has set new records in terms of transaction volumes as well as values.
The year 2023 observed a 66% year-on-year (YoY) increase in transaction activity compared to 2021, with the total value of real-estate transactions surpassing $64 billion¹. The revenue of Dubai's real estate sales jumped 43% in the first half of 2023², and the market shows no signs of slowing down.
Amidst the rapidly flourishing real estate industry, alternative innovations such as crowdfunding provide a way for investors to diversify their portfolios and benefit form the growing yields. Furthermore, the UAE government believes that the fractionalization of assets can significantly bolster the economy. Abdullah Bin Touq Marri, the United Arab Emirates' minister of economy, asserted that asset fractionalization will be key to the country's plan to double the economy in the upcoming decade.
Prop.com has a strong focus on the Dubai market, but the end goal is to expand our operations globally.