Is there merit in investing in a new property? Apartments in Dubai have always been coveted due to their luxurious amenities and ROI. As per widespread market reports, even the predicted recession won’t bring down demand. Here are a few reasons why the sector is set to stay strong despite the international market’s state.
According to a feature in the Khaleej Times, high net worth people and investors will continue to invest in the real estate sector, which will maintain its expansion because of Dubai's prominent position as a global business, tourism, and lifestyle added to tax-free benefits.
How will Dubai Real Estate Market Defy the Global Recession 2022? In this article, we’ll dive into why property market experts think Dubai house prices will remain favourable and act as great assets for first time buyers and investors alike for years to come.
Price Freezing For Essentials
Due to the recent global price increase for essential products, the Dubai government has been diligently working to protect the purchasing power of the general public. The ministry has therefore announced new measures to maintain the price cap on basic food items and to regulate prices on 11,000 essential commodities, including cooking oil, milk, meat, chicken, and bread.
Although this strategy has little direct bearing on the real estate market, this initiative will keep the cost of living in check and attract new residents.
Promising Real Estate Forecasts
Dubai real estate market news has consistently given green signals regarding the future of the industry. The first half of 2022 had a record of refreshing positivity in the market, with many remarkable projects launched in up-and-coming communities.
There couldn’t be a better time than now to partner with a professional and trustworthy real estate agency such as 25 Spaces to invest in Dubai’s real estate sector. Client relationships are of utmost importance to us, which is why we maintain complete transparency regarding property transactions so that you can get the best deal possible.
For most investors, generating maximum returns is the primary goal of buying new property. In this regard, the UK is one of Dubai's greatest competitors because of its fantastic real estate sector - but while the earlier struggles with a shrivelling recession-hit market, Dubai remains a prime spot for real estate investors, local and expats alike.
Studies suggest that the Dubai real estate sector is expected to have a CAGR of >8% from 2022-2027, compared to the UK property sector's 3%. As a result, Dubai real estate investments are unbeatable in terms of not just luxury but also ROIs.
Boost in the Mortgage Industry
According to reports, the mortgage market in Dubai had a record high year in 2021, with a total of 19,520 mortgage transactions registered with the Dubai Land Department - and the trends are only expected to continue in 2022. An increase in demand for financing shows a direct relationship with greater interest in property buying amid the masses, which can be an extraordinary opportunity for investors wanting to make a quick buck or first time buyers purchasing a dream home.
Dubai homes and apartments show no signs of losing their charm despite the gloom that has set over other commercial cities in the world. Hence, it can be lucrative to move to the city and invest in some high-quality communities, especially when you’ve got our estate experts to help you find exactly what you need.
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