Dubai may see more than $272.3 billion worth of new real estate projects launched over the next five years, driven by population growth, foreign investment, and large-scale development plans, according to W Capital.

The firm said continued population growth, rising foreign investment and the rollout of large-scale developments by major property developers are expected to drive the projected expansion.

Walid Al Zarooni, Chief Executive Officer of W Capital Real Estate, said the recent announcement by Emaar Properties of a $54.4 billion development project in Dubai signals a new phase of urban and investment growth in the emirate and supports expectations of further mega-project launches.

According to Al Zarooni, the forecast is based on projects already announced by leading developers, historical project launch trends and development plans aligned with Dubai’s economic agenda and D33 strategy, which target population growth and urban expansion.

He said Dubai’s property market is increasingly shifting towards integrated cities, mixed-use developments, business hubs and community-focused projects incorporating sustainability principles and smart infrastructure, reflecting evolving investor and resident demand.

Al Zarooni added that population growth and Dubai’s ability to attract global talent, entrepreneurs and investors continue to support demand across residential, commercial and hospitality segments, providing developers with greater visibility for long-term expansion plans.

He also highlighted Dubai’s regulatory framework, infrastructure, economic stability and business environment as key factors underpinning its position as a global real estate investment destination.

Major infrastructure projects and ongoing investments in transport and public services are expected to create additional momentum for the sector, opening opportunities for new urban developments and investment areas, he said.

Al Zarooni said the scale of projects currently being announced reflects sustained confidence among developers and investors in Dubai’s long-term growth prospects and points to continued urban expansion across the emirate in the coming years.