The Dubai Investment Real Estate Guide aims to educate potential investors on the booming real estate market in Dubai and to clarify the current market situation, when is the best time to invest in Dubai and what are the key points to remember before investing.
The Dubai real estate market has always been one of the most lucrative and safer choices for acquiring higher ROI and securing a profitable long-term investment, whether you are an end-use or an investor.
What makes it so appealing in Dubai?
It is a city where early investors have experienced the highest level of growth ever seen by the worldwide property market. Since 2002, when the right of ownership of property to foreign nationals was announced, property investors from all over the world have watched their investments produce good returns.
The market has matured today and is no longer focused on speculation, a strong controlled & sustainable property market which, compared to other global property markets, has serious advantages.
Benefits of Dubai Investing:
- Investment Tax-Free
- Economy Growing & Stable
- Outstanding infrastructure
- - Choice range for all budgets
- - Strong rental returns (6 percent - 7 percent average)
- - Wonderful location where East meets West-
- - 2021 Expo
- - Global Center of Industry
- The Exceptional View of the City
Compared between Global Cities
The property market in Dubai may be much younger than other hot spots for global real estate. Nevertheless the city wins a higher average ROI than other metro cities around the world. A recent study by Moody's Investors Service, an international rating agency, revealed that housing demand in Dubai should continue to rise with an attractive ROI of 6% to 7%, as reported in the last 12 months.
In addition, the city is renowned for offering outstanding value for money and even better potential for capital growth.
Dubai Resets the Expo 2021 Clock
The well-anticipated global mega-event will now run from October 2021 to March 2022, after a two-thirds majority of the Member States of the Bureau International des Expositions (BIE) voted to postpone the next World Expo by one year a delay that allows all participants to safely manage the effects of COVID-19 and enables the World Expo to focus on a common appetite for new thought.
The delay of the Expo event ensures that we will take more time to ensure that Dubai is ready and that the infrastructure is in place during the six-month timeframe to accommodate the event and the 25 million expected participants. With over 300,000 new jobs created, this event is likely to bring a rise in foreign investments in Dubai, this event will also be unique as it is expected to be the first mega event after the current pandemic providing opportunities to meet multiple companies from around the globe. Not to mention all the advantages of the Real Estate Companies in Dubai and the rise in property prices.
The query, however, remains: when to buy?
It's the million-dollar question that everybody needs a straightforward answer to the fact that no one can forecast the future the same way no one predicted the Covid-19 pandemic today. Brokers will always guarantee that today is the ideal moment to buy; well the fact is that regardless of the time period, it's all about finding the right project at the best price. Buyers always tend to wait before the prices hit the lowest, but the fact is that until prices start to go back up, we will never really know the bottom of a market and usually you have missed the chance by then and it's too late. If we look at the fundamentals & economic facts, as the city is in a good position for growth in the next 5 years, now could be a great time to buy to invest in Dubai's property market. The current global pandemic only offers the incentive directly from the developer for a better deal in the resale market or even a better payment schedule & exemptions.