DUBAI: Dubai’s real estate market is on fire, with over 220,000 people moving to the city in the first half of 2024, according to DAMAC Properties. This influx is pushing demand for residential units to new highs.

DAMAC’s Managing Director, Amira Sajwani, highlighted that the market is booming due to interest from both investors and end-users. Speaking at the launch of “Riverside Views,” the company’s first 2025 project, she credited Dubai’s strategic location and investor-friendly policies for this surge.

“The UAE’s real estate demand is unmatched. Some of our projects have recorded billions in sales within hours,” Sajwani revealed.

DAMAC’s latest luxury venture, Riverside Views, offers stylish one- and two-bedroom apartments across eight uniquely themed clusters—Teal, Azure, Marine, Indigo, Royal, Capri, Sun, and Pacific. Designed to blend green spaces and waterfront views, the project aims to provide a lifestyle of tranquillity and connection with nature.

The company is also making waves internationally, with its Miami project designed by Zaha Hadid Architects boasting an investment value of over $1 billion.

As Dubai housing demand skyrockets, developers continue to reshape the city’s skyline, offering high-end properties that attract both local and international buyers. With its luxury real estate landscape evolving rapidly, Dubai remains one of the hottest property markets in the world.