Adapting to Dubai’s Real Estate Boom: How REITs Are Shaping the Market
Dubai has quickly grown to become one of the most searched real estate markets in the world thanks to its lavish buildings, infrastructure, and vibrant, global lifestyle. Real estate investment trusts (REITs) are gaining popularity due to the significant increase in real estate prices, which is starting to drive away individual purchasers. Buying property remains the most straightforward route to gain exposure to the market, but 17 consecutive quarters of price appreciation have put that option out of reach for many. Of the few stocks listed on Dubai’s bourse, Emaar Properties PJSC has surged nearly fivefold from a 2020 low and office landlord Tecom Group has risen about 18% since a 2022 listing. Traditional Buyers’ Challenges: As the market heats up, mid-tier residents and investors are starting to worry about affordability. Especially in high-demand locations like Downtown Dubai, Palm Jumeirah, and Dubai Marina, purchasers are being priced out of traditional pathway...