Dubai has been recognized as one of the few global cities experiencing a surge in property market growth. Alongside cities like Bangkok, Berlin, Stockholm, Hong Kong, Jakarta, Paris, and Warsaw, Dubai's property market is accelerating, as highlighted by JLL’s Global Real Estate Perspective. Over the past three and a half years, Dubai's real estate sector has significantly outperformed its international counterparts in terms of capital appreciation and rental yields, fueled by robust interest from foreign investors and residents post-pandemic. A key factor driving this growth is the relative affordability of Dubai's real estate compared to major cities such as New York, Hong Kong, London, and Paris. This affordability, coupled with higher returns, has attracted foreign investors, while high-net-worth individuals have been drawn to Dubai for its superior quality of life and security. Property prices in Dubai have surged by double digits over the past three and a half years, outpacing other major cities in Europe, the US, the Middle East, and Asia. According to Knight Frank’s 2024 Wealth Report, Dubai ranked second in 2023 with a 15.9 percent increase in luxury property prices, trailing only Manila in growth rate. "The Dubai real estate market has maintained continuous growth with record sales across all sectors. Notably, the end-user market, which grew from 2020 due to the stability of the Emirate, has seen increases in villa and townhouse prices due to low supply," stated Provident Estate. Luxury properties in Dubai continue to draw high-net-worth individuals and investors seeking premium real estate opportunities. The city's iconic landmarks, upscale amenities, and luxurious lifestyle offerings enhance its appeal as a prime real estate destination. JLL’s study also noted that property market growth is decelerating in cities like Brussels, Sydney, London, Amsterdam, Madrid, Milan, and Kuala Lumpur. In terms of rentals, markets in Beijing, Boston, Chicago, and Washington DC are declining, while rents in New York, Singapore, Manila, Shanghai, San Francisco, and other cities are peaking.