Experts say that the reason for the popularity of real estate in the UAE was the right decisions of the government, which led to the development of the business climate in the post-pandemic period and improved sentiment among investors and consumers. To find out about the current villa’s prices in Dubai Hills, one of the most luxurious areas in the city, go over to the Ax Capital website.
Off-plan real estate market in Dubai
Experts assure that 2021 has become significant for the Dubai real estate market due to two main factors. At the same time, these factors will affect real estate in 2022. Experts also argue that previously expressed concerns about the redundancy of proposals are not confirmed. The demand for off-plan real estate only continues to grow.
The first factor is low-interest rates. If compared with previous periods, then right now interest rates on loans are at a very low level, setting a kind of record. At the same time, markets in other countries cannot offer the same indicators.
The second factor is the increase in the number of international investors. In particular, this is the merit of the world exhibition Expo 2020. Investors were able to see the high quality of life in Dubai, study measures to attract investment and get acquainted with attractive visa regimes.
Reasons behind the popularity of off-plan property in Dubai
The real estate market in Dubai sets new records every year. In August 2021, the highest increase in off-plan real estate sales in 11 years was recorded. At the same time, experts note that in the coming years, sales growth will overcome the current mark.
Such sales, among other things, became possible due to the growth in the cost and the number of transactions concluded daily. Statistics show that in August 2021, almost 2,600 properties were sold for a total of 4.95 billion dirhams, which equals 1.35 billion dollars.
However, developers offer consumers not only ready-made properties or houses that will be completed soon. Stimulation of demand also applies to new projects. One of the brightest examples is the new skyscraper project, which will be located in the Business Bay area. It is noteworthy that there is now a very high level of interest even before the launch of the project.
What you need to consider before moving to Dubai
Before buying a property in Dubai to move there for permanent residence, you need to consider the following points:
All investments are associated with certain risks, and the higher the expected return, the greater the risks associated with it. Therefore, first of all, the investor must correctly approach the choice of the developer. It should be a company with a long positive history, a good reputation, and a large portfolio of completed projects.
As a rule, the best-selling and fastest-growing properties are penthouses, corner apartments, apartments with the most beautiful views, and those located in cul-de-sacs or on the ground floor with access to a private garden.
Investing in Dubai property
Do you want to become an investor by buying an off-plan property in Dubai, but don’t know how to choose the right property? Then contact the specialists of the Ax Capital agency, who will select the right housing for you.
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