According to the portal "Business Emirates", the Dubai real estate market in June 2021 set an 8-year record - there were 6,388 transactions worth AED 14.79 billion ($ 4 billion). This is the highest (monthly) rate since December 2013.
Total deal volume from early 2021 to mid-year rose to AED 61.97 billion ($ 16.9 billion), according to a Property Finder report. The largest sales volumes were recorded in April and May - 4,824 and 4,426 deals, respectively.
According to real estate experts, the impressive jump in the sales sector was fueled by strong demand from end users and investors amid the economic recovery in the UAE.
In the second quarter of 2021, a total of 15,638 transactions were made for AED 36.86 billion ($ 10 billion), which is 33.26% more than in the first quarter of 2021 in terms of number and 46.76% in terms of volume.
Since the beginning of the year, there have been 27,373 transactions totaling AED 61.97 billion ($ 16.97 billion), compared to 35,041 transactions totaling AED 71.87 billion ($ 19.7 billion) for all of 2020.
Analysts believe the COVID-19 pandemic has spurred market growth with strong investment demand from buyers and foreign investors and property prices rising in popular areas.
Global rating agency S&P Global projects revenue growth of more than 30% in 2021 amid favorable market trends in real estate and a gradual recovery in other segments of the economy. Analysts expect Dubai's GDP to grow by about 3.5% in 2021, followed by 2.5% growth in 2022. Source
Why is it profitable to invest in real estate in Dubai?
· High rental yield. The annual rental income in Dubai is 8-10% versus 3-5% in Europe.
Obtaining a residence permit in the UAE from 2 to 10 years
· Dubai's business environment is renowned all over the world. Along with an incredibly attractive tax regime - zero percent on both personal and corporate income - the emirate is in an ideal location for trade with Europe, Asia, North Africa and other countries.
Dubai is also known as a hospitable environment for entrepreneurs - with numerous incentives and incubator schemes that help startups thrive and grow. The emirate is also regularly ranked in the top ten on the World Bank's Ease of Doing Business Index.
· When buying real estate, you do not need to provide proof of the legality of the buyer's income, as, for example, when buying real estate in Europe. This simplifies the buying process and is a very important point for buyers from the CIS countries.
· Of course, a positive environment opens up many excellent opportunities for entrepreneurs, a wide range of business activities - from trade to tourism.
· Dubai expands tourism horizons even at lockdown. The number of flights with tourists from Russia, the CIS countries and even Israel is increasing, specialized exhibitions and international conferences are being held.
· Prices rise even in a pandemic.
· In addition to the profit from renting, you can also earn on the resale of the object in a year.
Convenient installment plan for 3 to 5 years
Wide infrastructure - shops, nightclubs, restaurants, bars and entertainment venues
We select investment options for a specific buyer - depending on the budget and wishes.
For sale objects under construction and finished. Apartments and luxury villas. Some options can be viewed ON OUR SITE
On an individual request, we will find exactly what is beneficial and suitable for YOU!
Write to Whatsapp +38 097 915 45 47 or +797 75 513 786
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