Core Insights - Dubai's real estate market has achieved a record transaction value of 142.7 billion dirhams in Q1 2025, marking a 30% increase year-on-year, with transaction volume rising by 22% [1] - The average residential prices in Dubai have seen a significant increase, with an 18% rise in 2024 and a 20% increase in Q1 2025, contributing to a total growth of 146.6% over the past five years [1] Group 1: Population Growth - Dubai's population has reached 3.8 million, with an expected annual growth rate of 3.6% over the next decade, where expatriates make up 88% of the population [3] - The demographic trend shows a youthful population, particularly in the 30-34 age group, which constitutes nearly 17% of the total population, driving housing demand [3] Group 2: Tax Advantages - Dubai's "tax haven" strategy eliminates personal income tax, capital gains tax, property tax, and inheritance tax, attracting global capital [4] - The implementation of corporate tax exemptions in free zones has led to a surge in multinational companies establishing regional headquarters, further boosting housing demand [4] Group 3: Golden Visa Program - The introduction of the "Golden Visa" program in 2019 allows foreign investors to obtain a 10-year residency by investing in properties worth over 2 million dirhams, attracting over 100,000 high-net-worth individuals [6] Group 4: International Education Resources - Dubai boasts over 200 international schools, accounting for nearly half of the UAE's educational resources, with a focus on British, American, and International Baccalaureate curricula [7] - The high quality and affordability of international schools in Dubai attract many expatriate families, driving demand for real estate [7] Group 5: Currency Dynamics - The depreciation of the US dollar and the appreciation of the euro against the dirham have made Dubai real estate more financially viable for foreign buyers, with a nearly 10% increase in the euro's value against the dirham since the beginning of the year [9] - The number of high-net-worth individuals residing in Dubai is expected to increase by 40% over the next decade, providing further investment opportunities in the real estate market [9]