Real Estate investment opportunities in Dubai for 2022
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The real-estate sector in Dubai is undoubtedly one of the most lucrative sectors that you can invest in especially when the property market is vibrant and wild. The property market in Dubai is now showing a healthy surge after the imminent setback it faced during the COVID-19 pandemic. Investors from around the world are flocking into the city, with transactions worth Dh 61.97 billion happening in the first half of 2021 which crossed a swift Dh 100 billion mark by September. According to property experts, this trend will continue following the EXPO 2020 and related events, making the Dubai Real-Estate sector the strongest it has ever been by the end of 2022.
Why is 2022 the best time to invest in the Dubai Property Market?
The recent surge in the Dubai Real-Estate sector owes to several factors including Dubai’s investor-friendly laws and policies. In addition to Dubai being recognized globally as one of the resilient cities in the world in times of crisis, it is also regarded as a safe haven to travel, work, and live in. Dubai’s tax-free policies and new visa reforms have attracted millions into the city, leading to the increasing demand for residential as well as commercial properties in the city.
Dubai is the fourth most visited city worldwide for four years straight, with EXPO 2020 recording more than 6 million visits in just three months since it began.
What are the factors to consider before investing in Dubai Real Estate?
The most important factors to consider while investing in the Dubai property market include:
- Market trends
- Location
- Amenities (Transport, Schools, Hospitals, etc.)
- Maintenance Cost
- Property Developer
- Legal Proceedings
What are the top real estate opportunities in Dubai for 2022?
The most sought-after real-estate properties in Dubai at this point are villas and big houses, especially in high-end areas like Dubai Marina and Palm Jumeirah. The demand for properties in some of the key commercial-residential areas is on the rise, especially after the post-pandemic situation which resulted in many looking for bigger, better residential spaces.
The demand for vacation rentals and short-term houses is also on the rise especially now that the expatriates are returning from various parts of the world. In addition to these factors, EXPO 2020 has brought in a peak number of visitors seeking to find a place to stay in Dubai at least until the end of the event or even after that. This has accordingly resulted in a surge of property demands in the areas surrounding the EXPO 2020 sites.
A few places where you could invest in Dubai Real-Estate for 2020 include:
- Dubai Marina: One of the most sought-out tourist spots in Dubai, the area is well-known for being rewarding though out the year.
- Palm Jumeirah: Considered as one of the best places to invest in 2022 due to the innovative residential projects and tourist plans in place.
- Downtown Dubai: Filled with skyscrapers and high-rise buildings, Downtown Dubai is the most visited tourist spot every year due to it being home to attractions such as Dubai Mall and Burj Khalifa. The property prices are high year long, but the demand is never low.
- Jumeirah Village Circle: Renowned for its luxurious residential spots, Jumeirah Village is considered the lap of extravagance. It is the home of the rich and wealthy, and undoubtedly one of the most rewarding areas to invest in.
- Business Bay: As the name suggests, it is the hub of business investors expecting a profitable income in the future. Although the area is still developing, it is without a doubt on its way to becoming the commercial hotspot of the city.
- Jumeirah Lake Towers: Talk about luxury at affordable rates. If you are looking to invest in the best properties at a reasonable rate, the Lake Towers are the perfect choice for 2022.
- City Walk: A favourite tourist spot regardless of the time of the year, the City Walk is one of the most sought-after vacation spots in the city. Buying a property in City Walk can ensure a steady flow of income especially during peak tourist times.
While involved in property transactions in Dubai, the right knowledge about the market trends and tendencies is very important. For the past 17 years, Flying Colour and Signature Habitat have been helping clients set up their dream venture in Dubai. Please feel free to mail your queries at info@flyingcolour.com or contact us at +971 4 4542366.