Dubai real estate’s consistent growth in 2024, and other stories

For PropertyGuru’s real estate news roundup, Dubai’s real estate sector maintained consistent growth across all sectors in 2024, with Dubai Marina, Downtown Dubai, and Palm Jumeirah as the top three areas for buying luxury apartments. In other headlines, industry experts say that macroeconomic stability and infrastructure development are the key drivers that will propel Vietnam’s real estate market to new heights in 2025. Lastly, artificial intelligence (AI) continues to shape APAC’s future, with the data centre market projected to grow by over 5 percent annually through 2029, impacting sustainability and cost savings.

Dubai real estate transactions surpass USD136 billion in 2024: Most popular areas to invest in this year

Dubai’s real estate sector has maintained its upward trajectory with consistent growth across all sectors in 2024. The overall increase in sales and rental prices has highlighted a strong real estate demand in the emirate, as well as hinting at investor’s growing confidence in its thriving property market. With its strategic urban planning, investor-oriented policies and tax-free framework, Dubai further strengthens its appeal as a prominent investment destination. According to Economy Middle East, Dubai Marina stood out as the preferred choice for buying and renting luxury apartments. Downtown Dubai and Palm Jumeirah have also solidified their positions among the top three leading areas for buying luxury apartments in Dubai for 2024.

Macroeconomic stability, infrastructure – key catalysts for Vietnam’s real estate growth

Macroeconomic stability and infrastructure development are set to be the key drivers propelling Vietnam’s real estate market to new heights in 2025, according to industry experts. Dr. Can Van Luc, Chief Economist at the Bank for Investment and Development of Vietnam (BIDV), stressed that the stable economic growth witnessed during the 2024–2025 period will provide a robust platform for real estate development. He pointed out that factors such as controlled inflation, low interest rates, and eased exchange rate pressures have boosted purchasing power and uplifted investment confidence among businesses and individuals. Nguyen Chi Thanh, Vice Chairman of the Vietnam Association of Realtors (VARS), echoed this view, saying in VietnamPlus that 2024 set the stage for a pivotal recovery phase in 2025, and this recovery is expected to drive robust growth in the coming years.

AI in 2025: Driving sustainability, security, and growth across the Asia Pacific

As we step into 2025, artificial intelligence (AI) continues to shape APAC’s future, with governments and businesses alike embracing cutting-edge technologies to solve critical challenges. Take data centres as an example. They’re at the heart of digital transformation, but their energy demands are skyrocketing. To tackle this, companies are turning to AI-powered digital twins—virtual models of physical infrastructure—to optimize energy usage and simulate efficiency improvements before implementation. Retrofitting existing data centres with these technologies is already reducing power consumption to be more energy efficient, according to DataCenterNews Asia. In Southeast Asia alone, the data centre market is projected to grow by over 5 percent annually through 2029, reaching USD14.41 billion – this shift will have a massive impact on both sustainability and cost savings.

The Property Report editors wrote this article. For more information, email: [email protected].