The first building comprises two mid-towers. City Walk Crestlane 2 and 3 offer 394 modern apartments with water features, pools and lagoons. 

Offering breathtaking views of Dubai’s skyline and the tranquil shores of Jumeirah Beach, City Walk Crestlane blends the energy of urban living with the beauty of water in its design.

Khalid Al Malik, CEO of Dubai Holding Real Estate, said the development is a harmonious combination of contemporary design, connectivity and community that will meet the growing demand for luxury urban housing while creating a sustainable community. He said it intends to set  new standards in design. 

City Walk Crestlane’s masterplan includes a combination of anchor buildings and amenities surrounded by high-rise buildings, cascading streams and  lush parks. 

The project is strategically located in close proximity to City Walk, Downtown Dubai, Dubai Airport and Jumeirah Beach.

Analysts have found that a large influx of new residents will increase demand for living space, transportation, public services, healthcare and education. They also hope for a significant increase in consumption over 2025. 

According to the Dubai Statistics Centre, the Emirate’s population is expected to grow by more than 169,000 in 2024, reaching 3,825 million by the end of last year. 

The city’s population has grown steadily over the years, with over 104,000 expected in 2023 to increase in 2021. In 2021, there were 67,000 people. 2018.  Dubai continued to attract people with 19 years of Covid, attracting around 54,700 new residents in 2020. Experts said one of the main factors that has made the Emirates more attractive during the pandemic was its successful response to the crisis. 

The substantial population growth of Dubais shows that  the city’s people, the economy and their future are confident, said Atiq Munshi, managing partner at Finexpertisa Vae. 

During the day, millions of other Emirates gather in Dubai for business and meetings, which increases even more during the day by day. Most of them come from nearby cities of Sharjah, Abu Dhabi and Ajman.

Which sectors will benefit in 2025?

Experts say that population growth will drive demand for consumer goods, housing and public services from 2025 and play an important role in economic growth and expanding the most important sector.

“Dubai and the rest of the emirates will definitely benefit through higher consumption and a better economy. With the overall increase in population now UAE has a much larger local market and consumption is bound to increase, this in turn helps companies to increase sales either directly or indirectly,” said Munshi.

While growing populations offers many benefits, infrastructure is also burdened, which regularly causes traffic congestion  in major cities around the world.

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“Dubai is extremely proactive in improving infrastructure needs; hence, one can expect a horizontal expansion of the emirates,” added Munshi.

Zasaad Holdings Managing Director Akbar Naqvi said it will record all government services, especially those who need fees, especially great benefits.

“In the private sector, anything related to housing, transportation, utilities, healthcare, education, etc, will see an obvious benefit,” he said.

According to NAQVI, infrastructure is under heavy stress, but it will not collapse under pressure with ongoing government investment.

Balanced growth amid market correction

The rental market is forecasted to see steady growth this year. While rental prices are likely to increase in prime locations and specific property types, the addition of new housing stock will help curb sharp price hikes in premium residential areas. This influx of new properties will contribute to stabilizing rental prices in key regions, fostering a more sustainable market. Additionally, areas with a higher volume of new supply are expected to offer more affordable options compared to locations with limited inventory, allowing renters to find better value in less developed areas.

Role of Regulatory Measures

The Dubai Land Department’s Rental Index is set to play a key role in maintaining market stability. This initiative is designed to create a more predictable rental landscape, reducing volatility and enhancing market confidence by fostering transparency and trust between tenants and investors.

Rise in Luxury Rental Properties

Industry experts anticipate that rent increases will be most significant for luxury villas and apartments, particularly in premium residential areas like Palm Jumeirah, Mohammed Bin Rashid (MBR) District 1, and Dubai Hills Estate. The strong demand for these high-end properties is fueled by trends in the rental market, the expiration of rent-controlled leases, and substantial improvements that enhance the appeal of these homes.

Luxury apartments in prime locations like Downtown Dubai, Dubai Marina, and Bluewaters Island are expected to remain in high demand, thanks to their vibrant lifestyle offerings, proximity to business hubs, and access to world-class dining and entertainment.

Meanwhile, areas like Jumeirah Village Circle (JVC) and Dubai South are gaining popularity among both occupiers and investors, thanks to their affordability and improved infrastructure. As new developments continue to enhance the quality of life in these regions, they are emerging as viable alternatives to traditional prime locations.

Additionally, the growing housing supply may transform previously upscale neighborhoods into more livable spaces, allowing renters and buyers to explore budget-friendly options while still enjoying quality living in prime locations.

New trends in the rental market

Rising rental prices in established areas are prompting many renters to explore more affordable residential options outside the city center. However, this trend may eventually lead to a “commute effect,” where renters reconsider their choices and opt to pay slightly higher rents to live closer to their workplaces or the central business district (CBD), reducing commuting costs.

While rental patterns continue to fluctuate across regions, demand for both rental and purchase properties is expected to remain strong in 2025. Dubai’s appeal as a global hub for living and investment, coupled with its growing population, will sustain market activity in the future. Technological and regulatory advancements, such as the Dubai Smart Rental Index, are fostering a transparent and equitable rental market for both tenants and landlords. This index, powered by AI, evaluates properties based on factors like location, amenities, and sustainability, encouraging property owners to invest in quality improvements. These initiatives are helping create a more stable rental environment and promoting long-term market sustainability.

Overall, Dubai’s real estate market is anticipated to strike a balance between growth and stability in 2025, offering a range of options for tenants and investors in the city’s evolving residential landscape.

The Versailles-inspired home is the second most costly residential sale in Dubai’s history, behind the Como Residences penthouse on Palm Jumeirah in 2023, according to Property Monitor. Situated in one of Dubai’s most prominent gated communities, the Marble Palace, which was initially marketed for Dh750 million, features 60,000 square feet of interior space spread across a 70,000 square foot plot.

The property features two domes, an indoor and outdoor pool, a private power substation, five bedrooms, a 70,000-liter coral reef aquarium, and protected emergency rooms. The estate’s exclusivity is further enhanced with a garage that can accommodate fifteen luxury cars.

The Marble Palace took about 12 years to build and was finished in 2018, with an estimated Dh 80 million to Dh 100 million spent on Italian stonework alone. It contains 70,000 sheets of gold-leaf and other rare items.

210,731 delegates are expected to visit Dubai in the next few years from the 2024 events which will have a direct impact on the city’s travel and tourism economy and bring in talent and expertise from around the world to tap into the knowledge sharing, professional development and networking opportunities Dubai offers.

Dubai’s success, driven by public and private sector collaboration, proves the city is a favourite, convenient, safe and welcoming MICE destination. By attracting more tourists, positioning Dubai as a global events leader and shining a light on its knowledge economy, this will boost the overall economy. It also highlights the importance of corporate events in achieving the goal of the Dubai Economic Agenda, or D33, which is to establish Dubai as a leading global city for business and pleasure.

Ahmed Al Khaja, CEO of Dubai Festivals and Retail Establishment, said: “Guided by the vision of our city’s leadership, business events continue to play a vital role in bolstering tourism to Dubai and supporting its wider economic priorities. The healthy increase in successful bids in 2024 is further proof of Dubai’s rising prominence as a destination that delivers not only world-class business events infrastructure and capabilities, but also provides unrivalled, memorable experiences for all organisers and delegates. Furthermore, it highlights Dubai’s status as a knowledge hub, with associations and businesses benefitting from expertise and innovation in the city, and also contributing to its continued development.

“To build on this momentum, we are engaging with all stakeholders, trusted partners and service providers, to elevate Dubai’s position as a leader in the competitive business events landscape – aiming for sustainable economic growth, in line with the Dubai Economic Agenda, D33. We look forward to harnessing the power of opportunity to create further impact for the benefit of everyone, and demonstrate what sets Dubai apart to a global audience.”

The most noteworthy successes of the previous year included the following: 2026 Global Symposium on Health System Research (3,000 delegates), 2026 FIP World Stamp Exhibition (1,000 delegates), 2025 Pan Arab Radiology Conference (1,500 delegates), 2025 Asia Pacific Cities Summit & Mayor Summit (1,200 delegates), 2025 WFNS World Congress of Neurosurgery (4,000 delegates), and 2028 Scientific Assembly and Associated Events of the Committee on Space Research (3,000 delegates).

Dubai won corporate and incentive business in 2024 including 2025 Oppo Guangdong Incentive (4,000 delegates), 2025 Loyal Connect Global (3,000 delegates), 2025 GLA Global Logistics Conference (1,500 delegates), 2026 Forever Living Global Rally (12,000 delegates), 2026 Emerson Exchange (2,500 delegates) and 2026 Herbalife China Incentive (1,200 delegates).

In order to further support the growing business events landscape in Dubai and carry out its strategic mandate, DBE engaged with professionals in the meetings industry globally at trade shows such as IMEX Frankfurt, The Meetings Show, IBTM World, and IMEX America. Additionally, DBE conducted a year-round schedule of sales missions, study missions, and site inspections.

In order to secure more events and welcome more delegates to the city in the coming years, the Al Safeer Congress Ambassador Programme involved members from a variety of professional fields and its locally based subject matter experts. Other noteworthy efforts included partnerships with key industry organizations like the International Association of Professional Congress Organisers (IAPCO), the Professional Convention Management Association (PCMA), the International Congress and Convention Association (ICCA), and the BestCities Global Alliance.

Following notable achievements in 2024, like Dubai’s ranking as the Middle East’s top city for hosting association meetings and its ranking as one of the “Top Meeting Destinations in the Middle East and Africa,” this remarkable success follows.

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This was 32% of the total AED 188.1 billion resale value of the city last year, according to the fäm Properties report.

Palm Jumeirah had the most capital gain, AED 6.48 billion, according to the study, which used DXBinteract data from 136 locations across the emirate.

Renowned residential areas like Business Bay, Downtown Dubai, Dubai Marina, and Dubai Hills Estate were also among the top 10 for yearly capital increase.

Firas Al Msaddi, CEO of fäm Properties said the huge profits made by investors shows the market is alive and the regulations are working.

“Our expectation is that these profits will encourage reinvestment and attract new capital as investors see the long term resilience and potential of our market,” he said.

The report found that 2024 saw record total transactions – up 14% in volume and 21% in value – as buyers moved to ready homes, investors chased strong rental yields and infrastructure upgrades made properties more desirable.

The report found that apartment sales in Dubai’s real estate market saw a 42% year on year increase in volume to AED 260.6 billion, while villa sales increased 21.1% to 30,938 units for AED 164.1 billion.

The report states that 4,352 plots sold for AED 86.5 billion, a 2.6% increase and commercial real estate transactions rose 10.1% to 4,304 units for AED 9.7 billion.

In December 2024, the ValuStrat Price Index (VPI) increased 1.7% month over month to reach 200.7 points. This was a little slowdown from November’s 1.8% increase and the fourth straight decline since August 2024. Villa and apartment values rose to 259 and 162.8 points, respectively, from a base of 100 points in January 2021.

As of right now, the VPI has officially doubled since the epidemic’s height. Statistics from ValuStrat show that growth is still sluggish.

More than 90% of Dubai’s residential and commercial sectors are represented in the sample of properties that the VPI marks to market on a regular basis.

Apartments vs. Villas Villa capital gains increased by 31.6% from the previous year to 2.1% each month. Notable top achievers each year are villas in well-known communities like Jumeirah Islands (42.5%), Palm Jumeirah (42.3%), Emirates Hills (32.3%), and Dubai Hills Estate (32.1%). The two areas with the least progress were Mudon (13.5%) and Jumeirah Village Triangle (21.5%), with Mudon remaining mostly unchanged for the fourth consecutive month. Apartment prices increased by 1.4% per month, for an annual growth of 23.6%.

The Greens (31 percent), Palm Jumeirah (28.3 percent), The Views (27.1 percent), Town Square, and Discovery Gardens (26.4 percent) were the locations with the largest annual capital gains. On the other hand, Dubai Sports City (18.1%) and International City (16.9%) saw the lowest gains in capital value.

Off-plan vs ready homes

Oqood (contract) registrations for off-plan homes increased 26.3% monthly and 513.8% annually, making up 71.1% of all home sales in December. The amount of ready secondary home transactions decreased by 8.7% each month and by 3.4% annually. Prime Home Sales In Downtown Dubai, Business Bay, Jumeirah Bay Island, Palm Jumeirah, Emirates Hills, Blue Waters Island, and District One, there were 29 offers for ready-to-move-in properties that were over Dh30 million.

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Top developers and locations

 In December 2024, Emaar accounted for 12.8 percent of sales, followed by Damac (8.1 percent), Binghatti (7.6 percent), Azizi (5.9 percent), and Sobha (4.6%).

Projects in Business Bay (10.2%), Dubailand Residence Complex (5.7%), and Jumeirah Village Circle (13.1%) had the highest percentage of off-plan transactions.

Jumeirah Village Circle (9.1%), Dubai Marina (6.6%), Business Bay (6.1%), Downtown Dubai (4.8%), and Jumeirah Lake Towers (2.9%) had the highest percentage of ready-to-sell homes.

Business Bay and Dubailand Residence Complex each set new records for the number of off-plan homes sold in a single month in December.

Over 168,000 residential sales took place in the city’s freehold markets during the year, according to data from Emirates NBD. 114,480 units that were still in the building process were sold in 2024. In 2024, they accounted for 68% of all transactions, up from 54% in 2023.

The city has seen a record number of apartment launches in tandem with the astounding increase in demand. 142,000 units were introduced in Dubai in 2024.

DXB is operating at volumes comparable to its busiest months ever, with an average of 287,000 visitors per day during this time, which is 8% more than during the same period in 2024 and 6% more than pre-pandemic levels in 2018–19. This demonstrates its ability to easily and efficiently meet the demand for travel around the world.

Both locals coming back from vacation and more foreign visitors leaving after the holidays are to blame for this exceptional performance.

The best airport in the world for international travel, DXB, keeps raising the bar for operational excellence by offering unmatched passenger service and faultless connectivity on an incredible scale.

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According to a market research published today by fäm Properties 2024 will go down in history for 36% and 27% increases over the previous peak of 133,100 transactions in 2023 which were worth Dh411.1 billion.

The primary market saw 30% year on year growth in developers’ off plan sales to Dh334.1 billion indicating high demand for new homes and off plan properties.

Transactions increased by 51% to 119,800 in 2024 showing high buyer confidence and developer activity. Average price per square foot also increased gradually to Dh1,600 a 10% increase.

The market attracted foreign investors with visa liberalization and residency incentives and new projects and payment plans were introduced to stimulate demand.

Re-sales grew 21% to Dh188.1 billion, strong demand in the secondary market. And steady activity with 14% increase in transaction volume to 61,100. Average price per sqft up 12% to Dh1,300.

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2024 re-sales showed that good yields were attracting investors, buyers were moving to ready to move in homes and infrastructure was making real estate more attractive.

“This was a remarkable year for Dubai real estate, with transaction volumes growing despite global economic uncertainties, indicating resilient demand and an expanding buyer base,” said Firas Al Msaddi, CEO of fäm Properties. “Sales values broke historical records, and with strong rental demand, and luxury resilience, the market continues to attract global investors, reinforcing its status as a top real estate destination.”

In a year that had already shattered numerous monthly and quarterly records, each of the real estate industries experienced annual growth. The volume of apartment sales had the biggest growth, up 42% year over year to 141,168 transactions worth Dh260.6 billion.

Villa sales rose 21.1% from 2023 to 30,938 units valued at Dh164.1 billion, while commercial property acquisitions gained 10.1% in volume to 4,304 units at Dh9.7 billion. 4.352 plots sold for Dh86.5 billion, a 2.6% rise as well.

Al Barsha South 4 was the primary market’s top performing area in terms of volume, with 12,878 first developer sales, it’s a hit with investors and end users.

Business Bay ranked first in terms of total sales value with 6,888 transactions worth Dh21.1 billion. Meanwhile, two new neighborhoods, Wadi Al Safa 5 and Madinat Al Mataar, gained popularity, indicating a growing demand for suburban life and interconnected communities.

Business Bay maintained its dominance in resale transactions, with 5,142 agreements throughout the year, while Dubai Marina topped in overall value, with 4,924 transactions totaling Dh15.2 billion, underscoring its status as a posh waterfront destination.

Top 10 performing areas – primary market

Al Barsha South 412,878transactions worth Dh13.5 billion
Business Bay6,888Dh21.1 billion
Wadi Al Safa 56,602Dh13.6 billon
Madinat Al Mataar6,254Dh17.0 billion
Hadaeq Sheikh Mohammed Bin Rashid5,246Dh13.4 billion
Madinat Hind 45,152Dh8.4 billion
Madinat Dubai Almelaheyah4,818Dh12.7 billion
Al Merkadh4,474Dh6.2 billion
Jabal Ali 14,335Dh6.7 billion
Bukadra4,215Dh9.9 billion
Top 10 performing areas – secondary market
Business Bay5,142 transactions worth Dh9.8 billion
Dubai Marina4,924Dh15.2 billion
Al Barsha South Fourth4,635Dh7.0 billion
Al Thanyah Fifth3,305Dh8.1 billion
Al Merkadh3,155Dh8.3 billion
Downtown Dubai3,122Dh12.7 billion
Jebel Ali First2,364Dh5.0 billion
Al Warsan First2,126Dh1.2 billion
Wadi Al Safa 52,125Dh5.9 billion
Hadaeq Sheikh Mohammed Bin Rashid2,106Dh9.8 billion

Even if outside factors like fluctuating interest rates may have an impact on market mood, Dubai’s robust infrastructure and investor-friendly regulations are expected to attract residents and high-net-worth individuals. The emirate’s ability to mix stability-focused policies with rapid expansion ensures long-term value generation.

“Residential prices are set to rise moderately, supported by the high demand for off-plan properties,” said Farooq Syed, CEO of Springfield Properties. Industry insiders foresee continued growth in 2025, though supply constraints in prime areas may persist. Developers are working harder and focusing on mid-range and sustainable housing options in order to satisfy this demand.

Dubai’s appeal is only heightened by its expanding population and global reputation as a professional hub. In addition to competitive pricing and flexible payment options driving demand in prominent districts like Downtown and Marina, wealthy buyers continue to seek iconic luxury structures like Palm Jumeirah villas.
Developers are increasing their efforts and focusing on mid-range and sustainable housing options in order to satisfy this demand.

Dubai’s appeal is only heightened by its expanding population and global reputation as a professional hub. In addition to competitive pricing and flexible payment options driving demand in prominent districts like Downtown and Marina, wealthy buyers continue to seek iconic luxury structures like Palm Jumeirah villas.

Analysts predict that by 2040, there will be 7.8 million people living there, which would raise demand for residential real estate, particularly in the off-plan sector. With innovation and sustainability as its primary objectives, Dubai’s real estate market is poised to set new global standards for investment and living.