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DUBAI: PRIME HUB FOR GLOBAL REAL ESTATE INVESTORS WITH UNPARALLELED OPPORTUNITIES

Date: 16-Jan-2024 | Category: News & Updates

Dubai shines as a premier destination for international real estate investors. It boasting a captivating skyline a thriving economy, and investor-friendly policies that make it a global magnet for those seeking lucrative opportunities and a vibrant lifestyle. The emirate is a hot target for all investors looking to invest in profitable properties.

The Dubai real estate market has witnessed remarkable growth with sales transactions in Q3 2023 reaching a record $26.5 billion (AED 97.54 billion) marking a substantial increase of 46.71% compared to the previous year. The city's commitment to infrastructure development, world-class amenities and iconic architectural projects has fueled demand for residential properties creating a favourable environment for investment and ensuring substantial returns.

Renowned for its visionary urban planning Dubai pushes the boundaries of architectural innovation from the world's tallest building to the remarkable man-made island, Palm Jumeirah. Investing in Dubai real estate means participating in an evolving landscape that emphasizes sustainability smart cities and long-term value appreciation.

The diverse Dubai real estate market offers investment opportunities to suit various needs from affordable apartments to luxury villas and penthouses. Opportunities also abound for investors interested in real estate development and construction.

Supported by a growing tourism industry Dubai welcomed 9 million visitors positively impacting the real estate sector especially in hospitality. Hotels and serviced apartments are in high demand with occupancy rates averaging around 75% throughout the year. Large shopping malls and entertainment complexes attract tourists and residents creating demand for retail and commercial spaces.

Dubai serving as a crucial trade and logistics hub provides limitless opportunities for those seeking a new home or a profitable real estate investment. State-of-the-art airports, ports and transportation systems foster seamless connectivity and trade making it ideal for investors eyeing the potential of its logistics and industrial real estate sector.

His Excellency Sultan Butti Bin Mejren, Director-General of Dubai Land Department, affirmed that Dubai stands as one of the world's fastest-growing cities in terms of sustainable development in the real estate sector. The city becomes a top choice for investors and buyers worldwide due to its seamless procedures robust legal framework safeguarding investors unmatched conveniences offered and the introduction of forward-thinking laws such as the Real Estate Investment Funds Law passed in 2022.

Known for its transparent and efficient regulatory environment Dubai makes it easy for investors to do business. The government of Dubai has taken steps to encourage foreign investment in the real estate sector with initiatives from the Dubai Land Department streamlining the process of buying and selling properties. Modern transportation systems, world-class healthcare facilities and excellent educational institutions contribute to the overall stability and attractiveness to investors.

Studies reveal that the average yearly return on Dubai properties is 5.19% significantly higher compared to annual rental yields in New York (2.9%), London (2.7%), Singapore (2.5%), and Hong Kong (2.4%). The property prices per sq. meter in Dubai are far lower compared to other international cities. According to the Gallup Law and Order Index the UAE is the 4th safest country in the world making Dubai a top choice to invest in.

Dubai's Gross Domestic Product (GDP) has been growing at an average rate of 4% per year since 2010 making it one of the fastest-growing economies globally. Dubai's transformation from a small trading port to a global business hub with a thriving economy and diverse industries coupled with its strategic location between Europe, Asia, and Africa reinforces its position as a key center for international trade and commerce.