The combination of increased supply in Dubai and increased short-term rentals will keep the market from collapsing.
Real Estate
According to a Reuters poll of property analysts, Dubai house prices will rise at twice the rate predicted three months ago, driven by foreign investor demand and improving affordability.
When it comes to real estate investments, no city in the Middle East, or even the rest of the world, compares to Dubai. In this article, we will look at some of the top real estate projects in Dubai for foreigners to invest in.
The six-month Dubai Expo kicks out on Oct. 1 and is expected to keep the city's booming luxury-home market alight.
The main reasons for the rise in demand were decreased property rates, economic policies, visa reforms, a steady property outlook, and effective pandemic strategies.
According to experts, Dubai's real estate sector will continue to be an appealing investment destination for a wide range of interested parties.
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.
DUBAI: Dubai villa prices soared in August, with double-digit increases in premium residential districts of the UAE city.
Potential buyers are lining up to get a piece of Dubai's lucrative real estate, demonstrating how the sector is recovering from the Covid pandemic.
The most expensive transaction took place on Palm Jumeirah, where a villa was sold for Dh37 million.