Blog Description

Dubai’s property market is picking the pace up where it was left off in 2021 with record-breaking transactions that continue to take place in prime neighborhoods. In the off-plan sector, the momentum is quite high as local and overseas investors are seeing the enormous potential in the residential sector of UAE.

The high-end projects that are being launched in Dubai have already given new momentum to the market as it is benefitting both locals and foreigners. The buyers in the Dubai property market are domestic or come from the best locations such as Monaco, Switzerland, and China. 

Dubai has launched some breathtaking and incredible projects which have led to high sales transactions. The expansion of the current communities is at an all-time high such as the launching of a new luxury sub-community and eco-conscious home in the wilderness called Ixora.  

Al Barari's entire community is sold out in just a matter of hours which shows the potential Dubai’s property holds and how it can change the market conditions in Dubai. This shows the extreme participation of the investors and the amount of confidence they have in Dubai’s market conditions. 

Hospitality brands are taking a keen interest in the market also some globally renowned brands are entering the market such as Six Senses, W Residences Downtown, Da Vinci Tower by Pagani, St.Regis Hotels, and Resorts.

Price hike in Secondary Market

The main reason behind the resurgence of off-plan is the increase in price in the secondary market. Some key indicators are driving the price surge in secondary market transactions such as 

• Government Initiatives

The UAE Government has supported the business and helped the economy by keeping a vaccination drive, providing optimal resources that don’t let the country fall and demand to continue to grow in the secondary segment. 

• Increase in Loan to Value

The buyers are now required to just make a 20 percent down payment to own a property in Dubai without any hassle one can own the property. 

• Low-Interest Rates

One of the easiest and most feasible financial solutions that allow buyers and investors to own the home.

These are the reasons that drove the secondary market to take off in the prime communities such as Palm Jumeirah, Dubai Hills Estate, and Downtown Dubai. The value of the new projects in the off-plan market is increasing as home buyers are more inclined to buy brand new residences for more than a secondary price. 

The investment in new and upcoming projects tends to benefit the buyer as they offer flexible payment plans and are affordable. The price appreciation of the properties is making people invest more and more to generate the highest returns. 

Signature Habitat finds the best properties for their clients be it penthouses facing the sea or family-friendly neighborhoods, and more. We provide the best properties that suit your budget and in the long term, it provides excellent results as compared to other countries in the world.