Dubai-based developers are investing in international markets to diversify their portfolios and hedge against potential slowdowns in the UAE property market, Bloomberg reports. Sobha Realty plans to build 800 homes in Dallas and is exploring projects in Australia and the UK. Developers like Damac Properties and Samana Developers are also expanding to Miami, the Maldives, and Australia.

But expansions abroad do not come without challenges: These include longer approval processes and stricter regulations in Western markets. Some firms, including Innovo Group, are seeing slow demand as foreign buyer taxes in Canada hit activity in the sector.

The move follows Dubai’s four-year property boom, which has seen home values rising over 70%, and comes ahead of an expected correction in prices starting later this year. Fitch Ratings expects a moderate correction in Dubai home prices beginning in 2H 2025, while Moody’s and Deloitte also forecast a slowdown or stabilization in price and rent growth

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