If you’re looking for the hottest real estate markets in the world, look no further. In this article, we will be exploring the 25 fastest-growing real estate markets, providing you with valuable insights and analysis. But if you can’t wait to find out the top 5, feel free to skip ahead to our list of the 5 Fastest Growing Real Estate Markets in the World.

Analyzing the Real Estate Market

The global real estate market is thriving, with a total value estimated at $379.7 trillion in 2022, nearly four times the global GDP. Residential real estate accounts for the majority of this market, valued at $287.6 trillion in 2022. Commercial real estate, worth $50.8 trillion, and agricultural land make up the rest of the market.

While China and the United States remain the most valuable real estate markets, other regions are showing significant growth potential. Two notable areas are the Middle East markets. Let’s delve into each one of them.

Middle East Real Estate Options

Turkey’s real estate market is flourishing thanks to the country’s strong economic growth. According to a report by Mordor Intelligence, the Turkish residential real estate market is predicted to reach $99.05 billion in 2024, with a compound annual growth rate of 11.16%. This growth is driven by increased interest in mass housing and rising foreign investment, particularly in Istanbul.

The United Arab Emirates, specifically Dubai, is another Middle Eastern market experiencing robust growth. Sales prices and average rents in the Dubai real estate market have been steadily increasing. Transactions have seen a 29% increase, and the demand for affordable villas and townhouses has surged.

Key Players in the UAE Real Estate Market

Three real estate companies dominate the rapidly growing UAE market: Emaar Properties PJSC, Aldar Properties PJSC, and DAMAC Properties Dubai Co PJSC.

Emaar Properties PJSC is responsible for developing residential and commercial assets in the UAE. Their subsidiary, Emaar Development, reported a 22% increase in property sales in 2023, reaching a total of $10.2 billion. Emaar Development also launched The Oasis by Emaar, a $20 billion development in Dubai.

Aldar Properties PJSC has made significant investments in European logistics and storage assets, as part of their international expansion strategy. They partnered with global investment firm Carlyle for this venture.

DAMAC Properties Dubai Co PJSC specializes in luxury residential, commercial, and leisure properties. They are currently constructing the luxurious Mandarin Oriental Bolidhuffaru Reef Resort in the Maldives, set to open in late 2025.

Now, let’s get to the main attraction: the 25 fastest-growing real estate markets in the world.

25 Fastest Growing Real Estate Markets in the World

Our methodology for ranking these markets is based on year-over-year growth in residential property prices and real GDP growth. Here are the top 25:

  1. Estonia
    Year-Over-Year House Prices Growth: 0.34%
    Real GDP Growth: -2.3%
  2. Slovakia
    Year-Over-Year House Prices Growth: 0.53%
    Real GDP Growth: 1.3%
  3. France
    Year-Over-Year House Prices Growth: 0.54%
    Real GDP Growth: 1%
  4. Malaysia
    Year-Over-Year House Prices Growth: 0.61%
    Real GDP Growth: 4%
  5. Mexico
    Year-Over-Year House Prices Growth: 0.84%
    Real GDP Growth: 3.2%
  6. Greece
    Year-Over-Year House Prices Growth: 0.85%
    Real GDP Growth: 2.5%
  7. Austria
    Year-Over-Year House Prices Growth: 0.91%
    Real GDP Growth: 0.1%
  8. United Arab Emirates
    Year-Over-Year House Prices Growth: 0.94%
    Real GDP Growth: 3.4%
  9. United Kingdom
    Year-Over-Year House Prices Growth: 1.14%
    Real GDP Growth: 0.5%
  10. Serbia
    Year-Over-Year House Prices Growth: 1.83%
    Real GDP Growth: 2%
  11. Croatia
    Year-Over-Year House Prices Growth: 2.11%
    Real GDP Growth: 2.7%
  12. United States
    Year-Over-Year House Prices Growth: 2.71%
    Real GDP Growth: 2.1%
  13. Switzerland
    Year-Over-Year House Prices Growth: 2.84%
    Real GDP Growth: 0.9%
  14. Ireland
    Year-Over-Year House Prices Growth: 2.94%
    Real GDP Growth: 2%
  15. North Macedonia
    Year-Over-Year House Prices Growth: 3.5%
    Real GDP Growth: 2.5%
  16. Luxembourg
    Year-Over-Year House Prices Growth: 3.96%
    Real GDP Growth: -0.4%
  17. Slovenia
    Year-Over-Year House Prices Growth: 4.08%
    Real GDP Growth: 2%
  18. Portugal
    Year-Over-Year House Prices Growth: 4.81%
    Real GDP Growth: 2.3%
  19. Japan
    Year-Over-Year House Prices Growth: 4.85%
    Real GDP Growth: 2%
  20. Singapore
    Year-Over-Year House Prices Growth: 5.85%
    Real GDP Growth: 1%

These are just the first 20 markets, so to find out the top 5 fastest-growing real estate markets in the world, check out our complete article.

By Sarah

Meet Sarah, a 35-year-old luxury traveler who is passionate about seeking unique and exclusive experiences in Dubai. Sarah enjoys indulging in luxurious waterfront living, yachting, and hot air balloon rides to explore the stunning cityscape from above. She appreciates the cultural traditions of Dubai and loves exploring the city's vibrant art scene and urban innovation. Sarah also enjoys wellness retreats and desert safari adventures, seeking a perfect balance between relaxation and excitement. As a VIP traveler, Sarah is always on the lookout for luxury experiences and hidden secrets that Dubai has to offer, making her the perfect candidate for upscale shopping sprees and exclusive VIP tours of Dubai's Grand Mosque. With a focus on family fun and creating unforgettable memories, Sarah values connecting with her loved ones through memorable experiences in the opulent setting that Dubai is known for.