Dubai’s Property Boom Accelerates: 300,000 New Units Projected by 2028

Editorial Team

Last updated 5-06-2025

2 min

Dubai's real estate sector is bustling, with 95 new projects launched recently.

In the first quarter, 9,300 units were completed, mostly apartments, highlighting Dubai's high-rise trend.

By year-end, 73,000 more units are expected, with nearly 300,000 by 2028.

Challenges like construction delays and market changes could impact future housing supply.

Dubai remains a dynamic property market, attracting both homebuyers and investors.

Dubai's real estate scene certainly isn't slowing down anytime soon. A recent report from consultancy firm Cavendish Maxwell shows that the Emirate saw an impressive 95 new project launches in the first quarter of this year alone, set to add around 29,000 residential units to the local market.

Breaking it down a bit, nearly 9,300 units were completed between January and March, and true to Dubai's taste for high-rise living, 79 percent were apartments, with villas and townhouses making up the rest. Interestingly, this completion rate was the second-highest quarterly total recorded over the past two years, beaten only by the busy final quarter of 2023.

Looking ahead, Cavendish Maxwell predicts a substantial rise in housing supply. By the end of this year, around 73,000 more units are earmarked for completion—no small number, that's for sure. And it doesn't stop there; the next few years should see Dubai adding nearly 300,000 residential units in total by 2028, with a concentration of deliveries pencilled in for 2026 and 2027.

But as we all know, timelines in the construction biz can sometimes slip a bit. The firm highlighted that several wild cards—shifts in buyer tastes, changes in the market or construction delays—might tweak these forecasts. "Given these factors," stated Cavendish Maxwell, "it will be crucial to observe how developers adjust their strategies to manage this increased supply, respond to market demand, and ensure timely delivery."

It's worth noting, though, that anyone keeping tabs on Dubai's ever-evolving property market knows flexibility is key. The property scene here moves at quite a pace, and developers often have to pivot like seasoned pros turning out perfect shawarmas. So it'll be fascinating to see how they tackle challenges of scale, demand, and timing in making sure projects reach completion.

Still, one thing's clear—Dubai remains a hive of construction activity, and folks who've got their eye on Arageek or other regional investment sites are surely taking notice. With such expansion ahead, it's exciting times for homebuyers and investors alike in this ever vibrant Middle Eastern hub.

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