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...
According to a report by Knight Frank, Dubai's real estate market is projected to experience the highest growth rate globally, with an estimated price increase of 13.5% in 2023. This price surge can be attributed to a shortage of new supply and an influx of ultra-high-net-worth individuals seeking second homes in Dubai. In the prime markets of Dubai, such as Palm Jumeirah and Emirates Hills, residential...
CBRE Research's UAE Real Estate Market Review for Q3 2022 provides a macroeconomic snapshot of Dubai's real estate landscape. The report forecasts a 7.1% growth in the UAE's GDP for 2022, driven by a robust performance in both the hydrocarbon and non-hydrocarbon sectors. The UAE's Purchasing Managers' Index (PMI) reflects strong business activity, new orders, and employment levels. Despite these positive...
Dubai's real estate offers a myriad of investment opportunities, both direct and indirect. Here's a breakdown of how you can navigate the market: Direct Property Investment: Definition: Owning the physical property, either for personal use or as a rental asset. Advantages: Tangible asset Potential for capital appreciation and fixed rent increase Provides diversification in a financial...
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...