The website https://emirates.estate/ contains up-to-date information about the latest trends in the Dubai housing market. The catalog presents a relevant real estate database from developers and local agencies. Specialists are ready to provide you advice on any issues related to choosing a property for investment or permanent residence.
This makes investments in properties for sale in Jumeirah, Downtown Dubai, Dubai Marina, and other sought-after areas profitable and payback. We will see how appropriate it is to invest in real estate based on market analysis.
Results of Dubai real estate sales in 2021
According to the consulting agency Knight Frank, in 2021, the value of Dubai's housing grew by an average of 44%. This is the highest number among the world’s 100 most popular cities. Experts predict the situation will continue in 2022, allowing Dubai to compete with Miami and Zurich. More and more investors are choosing the UAE for at least three reasons:
- Competitive prices compared to real estate in major European cities.
- High standard of living.
- A profitable tax system that generates net income without additional expenses.
Given the growing demand for housing, the annual capitalization of value is one of the advantages.
Prospects for Dubai real estate prices
The global pandemic has changed buyers’ priorities. The Dubai property is now considered not only as an investment but also as an option for permanent residence. If studio flats or one- bedroom apartments were the most sought-after before the pandemic, in 2021, the demand has dramatically changed. Spacious apartments, townhouses, houses, and villas were the leaders of sales. According to Liam Bailey, CEO of Knight Frank, interest in the UAE housing market will continue to grow in 2022.
Conclusions about the reasons to invest in Dubai real estate
Why invest right now?
- Prices may rise less than in 2021, but they will rise. Dubai remains a city associated with luxury and prosperity. This attracts investors from all over the world. Business conditions are also attractive for non-residents.
- There is a return on investment in real estate after property titling. Rental housing may have an annual profitability index of up to 10%. Off-plan real estate offers are also in high demand. As for long-term investments, they are the most profitable.
Assistance in buying foreign real estate in the UAE
The United Arab Emirates is a leader among countries where foreigners purchase real estate as an investment. Dubai remains the main one among the emirates and competes with Abu Dhabi. The megalopolis associated with luxury attracts millions of tourists every year. Locals also need housing, as over 90% of the population are expats.