A reduction in pandemic-related limitations will boost real estate, tourism, aviation, and other industries; the first nine months of 2022 will see more than Dh180 billion in real estate transactions.
economy
High-net-worth investors continue to favor Arabian Ranches, Dubai Hills Estate, Downtown Dubai, and Dubai Marina as their preferred neighborhoods.
There are a number of costs that customers must pay in addition to the purchase price, but we wouldn't call these hidden costs because they are covered during the property purchase process.
Infrastructure for Expo 2020 and the Golden Visa, according to the real estate services company, will propel growth even further in the second half of the year.
Amira Sajwani, general manager of sales and development at Damac Group, predicts that a rise in foreign investment will result from the new law encouraging property investment funds.
Dubai has created an ideal environment for digital nomads in terms of quality of life, experience, and infrastructure, in addition to attractive remote working visa options.
The Dubai Land Department reported a total of 2,098 real estate transactions worth AED4.5 billion during the week ending February 18, 2022.
Following luxury homes, mid-market properties will have their day in the sun.
According to ValuStrat research, prices and rents for villas in highly desired prime locations could exceed 2014 peak levels.
The Dubai Crown Prince also approved giving first-degree family members priority in the allocation of residential land plots and housing units in the same residential area.