While global property transactions often rely on mortgages, Dubai has a strong trend of cash-based property purchases. This trend, ranging from 59% to 71% of transactions since 2015, underscores Dubai's allure for High Net Worth Individual (HNWI) foreign investors, especially with its low-interest rate mortgage environment. Considering the surge of Ultra High Net Worth Individuals (UHNWIs) from proximate...
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...
The report highlights the recovery in Dubai's workplace visitation, surpassing pre-pandemic levels by 17.0%. The total number of new Ejari contracts registered saw a significant increase of 73.8% compared to Q3 2021. Rental growth has been witnessed in Dubai's office market, with various segments experiencing increases in Prime, Grade A, Grade B, and Grade C rents. In Dubai's residential market, average...