According to the Albayan daily, Dubai’s real estate market is about to break a record as prices are expected to increase for the 57th consecutive month, the longest run of growth since the emirate opened its real estate market to foreign buyers 20 years ago.

Rich families looking for long-term dwellings in the city are driving the demand for luxury villas and high-end properties, according to reports from Property Monitor and Reidin.

According to analysts, Dubai’s allure stems from its status as a global center for security, lifestyle, and economic opportunities in addition to its tax-friendly atmosphere and affordable living expenses when compared to big Western cities.

According to Reidin data, Dubai would surpass its longest-ever run of monthly gains if prices continue to rise through October. The pattern demonstrates how strong demand is and how well the market can take in a constant stream of fresh innovations.

Experts contend that the top tier of the market is still protected by high-net-worth investors, despite certain rating agencies’ medium-term forecasts of a gradual adjustment. International purchasers continue to be drawn to Dubai real estate, especially in the luxury market, as they see it as a secure and promising long-term investment.

Albayan stated that this cycle is unique due to its longevity and toughness. Today’s expansion is supported by structural changes, including rapid population growth, regulatory reforms that have increased investor confidence, and a pronounced preference for long-term ownership of premium assets, in contrast to previous booms that were mostly driven by speculative trading.