Dubai Real Estate Prospects 🏢
In the UAE, the real estate market is actively supported, including by providing a partial refund of rent, reducing the cost of starting a business, etc.
🔥 The real estate market in the UAE maintains a positive momentum, as evidenced by the Business Activity Index (UAE's Purchasing Managers' Index).
Short-term rentals are popular with UAE visitors (tourists, workers, business representatives). Its distribution should significantly increase the demand for renting real estate in the capital.
In Dubai, there is an increase in rental rates in the segment of villas and townhouses. Demand significantly dominates the capabilities of the market, which cannot satisfy it.
The results of the IV quarter of 2021 indicate that rental rates remain stable, the price of real estate in Abu Dhabi is now growing 📈
Taking into account the research of real estate management companies Asteco and Knight Frank, we can expect the following changes in real estate prices in Abu Dhabi:
- At the beginning of 2022, rental rates will continue to rise
- Projected rent growth for residential and commercial real estate: up to 7–9%
- The increase in prices for luxury real estate to 9–14%
Do you want to get your property in Dubai?
Dubai Housing Program Tirus:
Dubai is worth of investment. It's a stable place and the real estate there is very precious
I'm new to this forum, but I was looking into some properties in Dubai recently. Have any of you guys heard of the Dubai Housing Program Tirus? I stumbled upon it while doing some research and it seems like a pretty legit option.
Also, speaking of condos, has anyone checked out the lentor hills road condo? I've heard good things about them and was thinking of maybe checking them out.
Anyway, thanks for sharing your insights on the UAE real estate market. It's always helpful to stay up-to-date on these things, especially if you're in the market for a new property!