After the pandemic, the Dubai real estate market displayed remarkable growth, with transactions reaching Dhs 300bn ($81.6 bn) in 2021. This positive trend continued in January and February, signalling a promising outlook for 2022. Several factors contribute to this growth:
- Successful Vaccination Rollout: The efficient Covid-19 vaccination rollout bolstered market confidence, attracting new businesses and expatriates to the city.
- Expo 2020 Impact: The recently concluded Expo 2020 in Dubai further boosted the city’s image and attracted attention, driving interest from buyers and investors.
- Quality and Sustainability: Investors are shifting towards higher quality and sustainable properties. Demand for luxury properties and gated villa communities with premium facilities remains consistently high. Notable communities include Palm Jumeirah, Dubai Marina, Dubai Hills Estate, and Downtown Dubai.
- Short-Term Rentals: The short-term rentals segment is expanding, with companies like ‘Be Our Guest Holiday Homes’ catering to homeowners and holidaymakers seeking short-term rental properties. This avenue can yield up to 20% more rental income compared to traditional residential properties.
