Dubai's economy is experiencing high annual economic growth, mainly due to low government involvement and very low tax burden. Evidence of this can be seen in developments in infrastructure, innovation, IT, real estate and architecture.

Dubai has a stable currency as well. Combined with an annual GDP growth rate of 5%, the city's economy is unbeatable. Although this growth is largely dependent on the international workforce, Dubai companies pay their employees generously. This is one of the many reasons why people move to Dubai.

To keep up with the impressive growth of Dubai's economy, at least equally impressive real estate projects are being built at a rapid pace. With month after month of new record transactions, Dubai's real estate market remains on the rise.

The city's international character, geographically attractive location between Europe, Asia and Africa, and tax advantages make it an attractive business location. Dubai currently has nearly 3.5 million residents, 92% of whom are expats. The ever-growing expat market demands move-in-ready flats. Through the process of refurbishing, existing properties can be brought up to western standards.

Analysts predict that due to the government's reforms, attractive mortgage terms and change in housing preferences after COVID, demand for residential property in Dubai will rise sharply in the coming years.