Transparent and investor-friendly policies have led to a surge in local and global property buyers leading to a spike in demand
The value of approximately 43,000 sales transactions, totaling over Dh114.5 billion, has placed Dubai’s real estate market on track for its highest first-half performance ever. Recently, the market has exhibited signs of growth. Experts’ assessments of the industry indicate that Dubai’s real estate market posted solid results in the first half of this year.
Investors have been drawn to the market by its strong momentum and remarkable success, as was demonstrated by the market’s recent June 2022 sales, which are regarded as the greatest since 2009.
The majority of industry analysts concur that investors are being drawn in as a result of the real estate market’s extraordinary recent success. Along with the rising demand, high real estate prices, and high return on investment.
With more international investors projected to arrive in the second half of this year as a result of the UAE government’s encouraging initiatives, such as modernizing visa requirements and maintaining economic stability, the upward trend is also anticipated to continue. Furthermore, there is anticipation that the availability of major projects and the ongoing improvements to Dubai’s labor laws would attract international businesses and brands to the region. Well-known names like the One Za’abeel and Atlantis The Royal are among the mega-structures.
The Dubai and Abu Dhabi real estate markets have been identified as the top worldwide improvers in 2022, according to JLL’s most recent Global Real Estate Transparency Index (GRETI). Dubai also made its debut appearance in the “Transparent” category, highlighting its status as the Middle East and North Africa region’s most transparent real estate market.