Real estate Investors can already feel economic growth materializing a good year ahead Expo 2020 Dubai and this world-class event opening in the city.
Real Estate
There are many reasons for different people to move to Dubai. Anyone can enjoy the diversity of culture, luxurious Dubai lifestyle, warm winter season, great architecture and high-end malls, not to mention theme parks for the kids.
Prices of homes in Dubai continue to decline as more corrections are implemented in the sector. Housing declines by 10 percent annually across different residential communities. It is said that the annual house prices in Dubai decreased by 10.6 percent. This is according to the Dubai House Price Index for February 2019.
Any shift in the dynamics of the market entails a change in the strategy used. This city remains to be a haven for Dubai real estate investors. Part of the reason is that the government has been implementing changes in its laws that enable investments to be easily done.
Families settle farther away from the business district to gain access to large properties in Dubai’s suburban areas. This is important information for those who are planning to purchase a residential property in Dubai.
If it is your first time in the UAE and you are about to rent your first Dubai real estate property, you will certainly come across several Arabic terms. The following is a list of these Arabic terms that you need to be familiar with when you are about to rent or buy a Dubai real estate property:
The UAE’s regional financial capital Dubai is now the most affordable market in the world for luxury properties as its average price decreased by 84 percent since its peak five years ago. Real estate analysts forecast a continued decline in Dubai real estate this year due to increased supply and the general softening of the real estate market and a weaker economy.
Dubai is now considering new initiatives to allow more liquidity in the market. There are new initiatives and regulations that Dubai is now considering as regards houses for sale in Dubai to boost its real estate market.
More than 20,000 residential units were completed in the first half of 2019 and more are expected in the coming months, Property Finder report says. Among the 20,978 residential units completed in the first half of 2019, there were 4,895 villas and townhouses and 1,084 serviced apartments.
Developers in the UAE focus more on happiness, sustainability, and affordability, making sure that properties are integrated by elements that result in happiness. An example of this is the Sharjah Sustainable City project.