Predicted Rise in Dubai Real Estate Transactions

Predicted Rise in Dubai Real Estate Transactions

If you remember the topic of the recent changes to the Dubai Golden Residence Visa requirements, you will remember the prediction that we are sure to see a growth in the real estate industry. Recently released market analysis shows precisely that. The Dubai real estate industry transactions hit a 13-year high as of April 2022 as more and more investors were attracted to Dubai. Granted, the Golden Residence Visa was not the only contributing factor.

EXPO 2020, while it is over now, attracted a large international populace to Dubai, many of whom saw the potential benefits of investing and living in Dubai and following its conclusion, market analysis showed that a total of 6,983 real estate sales transactions were made in April 2022 alone. The majority of these transactions took place in the secondary market, bringing in profits for owners who had invested in Dubai real estate with the long-term goal in mind. But a significant amount of worth AED 5.33 billion was also invested in off-plan properties.

This massive peak in the month of April 2022 has not been witnessed since 2009 and although the UAE real estate transaction data has shown a steady increase, the 66% spike in the secondary market and 44% increase in the off-plan market since 2021 has been encouraging many to start their own journey to financial freedom via real estate investment.

With the rapid off-plan developments and mega-projects on the way, there is no shortage of investment opportunities and options for freshly interested investors to choose from. And it seems that the greatest areas of interest have been villas and townhouses in Dubai Hills Estate, Palm Jumeirah, Arabian Ranches, DAMAC Hills, and The Springs. There has also been significant interest shown in apartments in the Dubai Marina, Downtown Dubai, Business Bay, and Jumeirah Village Circle districts, concluding that investors interested in both luxury and affordable residences.

As a new investor, it is important to know what you are looking for and seek out professional sales advisors to ensure that the results delivered will be those that are aligned with your goals. To enjoy professional sales advice, contact Harbor Real Estate, the only agency to receive gold ranking 5 times in a row by Dubai Land Department.