Global investors are still drawn to Dubai real estate, as evidenced by the 40% increase in sales value in August alone. The percentage of transactions reached 36.9%, or $12.9 billion.
A top official stated that astute investors with a long-term perspective now find refuge in Dubai’s real estate market. Kashif Ansari —-CEO and cofounder of Juwai IQI, cited the latest report from UBS, which clearly demonstrates that demand for the Dubai real estate market is growing phenomenally.
The UBS report holds significant value for those investors who want to take a long-term position in the city. Kashif believes that the Dubai real estate market would continue to rise strongly until 2030 and beyond.
Top Areas for Property Investments
The top areas for property investments are:
- Dubai Marina
- Jumeirah Village Circle
- Downtown Dubai
- Palm Jumeirah
- Business Bay
- Dubai Creek Harbour
- Dubai Hills Estate
- Arabian Ranches
Record-Breaking Transactions
Kashif expressed his opinions on business in August. The highest sale, for Dh139 million, was made in the Bay region, indicating the keen interest of investors and, more importantly, the prospective growth of this upscale neighborhood.
Also Read: Dubai real estate: Azizi Developments announce massive new $1.7bn tower ‘Burj Azizi’
Future Outlook for Dubai Real Estate
According to Kashif, investors will flock to Dubai’s real estate market due to the uncertainties in the global market, which will boost capital appreciation and rental returns. Before 2030, the real estate market in Dubai will surpass that of Singapore and Hong Kong. According to Kashif, significant investments in wealth preservation would be made by investors from China, India, Pakistan, the United States, and Europe in the Dubai market. He emphasized that real estate in Dubai is the new global money.
