Dubai Property Market Peaks – News

Atlantis The Royal

Transparent and investor-friendly policies have led to an increase in the number of local and global property buyers, leading to an increase in demand

Published: Tue Sep 13, 2022 10:21 AM

Dubai’s property market has shown upward mobility lately, putting it on course for the strongest performance ever in the first half of the year, with almost 43,000 sales transactions, the total value of which exceeded 114.5 billion. of dirhams. According to market assessment by experts, Dubai’s real estate sector posted strong figures in the first half of this year.

The strong market momentum and outstanding performance have attracted investors, as evidenced by the recently concluded June 2022 sales, considered the best since 2009.

A Za'abeel

A Za’abeel

Most market experts agree that the exceptional performance of the real estate market in recent months is attracting investors. Growing demand, high real estate prices and high investment returns have also led to the influx of foreign investors.

In addition, the upward trend is expected to continue in the second half of this year with the influx of more foreign investors, thanks to the stimulating measures taken by the UAE government, such as the modernization of visa procedures, in addition to ensuring economic stability. Additionally, there is positive hope that with the continued changes affecting labor law in Dubai, coupled with the availability of mega projects, will drive global companies and brands to enter the market. Some of the mega structures include well-known names such as One Za’abeel and Atlantis The Royal.

According to the findings of JLL’s latest Global Real Estate Transparency Index (GRETI), the real estate markets of Dubai and Abu Dhabi have been recognized as the world’s top improvers in 2022. Dubai also entered the “Transparent” level, highlighting its position as the most transparent real estate market in the Middle East and North Africa region.

[email protected]

Comments are closed.