The Dubai real estate market is undergoing a massive transition, driven by rising rents and a global shift in lifestyle priorities. In a recent interview, Navneet Mandhani, Founder and CEO of Karma Developers, highlighted that high rental costs are pushing more residents to become homeowners. He noted that while international investors make up about 65% of the market, there is a significant surge in current tenants opting to buy properties to secure their future and avoid escalating rental prices. This shift is supported by pro-investor government initiatives, including the Golden Visa program and a favorable tax regime compared to global counterparts like the UK.
Looking ahead to 2026, the focus is moving beyond just “sustainability” to “wellness living.” Mandhani explains that post-COVID, buyers are prioritizing quality of life, upgrading from apartments to townhouses and villas with waterfront views. This is evident in Karmaโs latest project, “Antalia” in Dubai Sports City, which integrates Zen gardens, yoga pods, and water features to create a holistic living ecosystem. For investors eyeing the next big opportunity, Mandhani points to Dubai South and Palm Jebel Ali as the primary hotspots for future growth, driven by major infrastructure projects like the new airport and the Blue Line metro. His final advice to potential buyers is simple: “Don’t delay,” as the market fundamentals remain robust.
