In 2021, Dubai was named as the world's most desirable real estate market. It was also the fastest-growing region in terms of prime price performance. The city's various economic support measures and the availability of visas helped drive the price growth. The government of the UAE has recently launched a new visa program aimed at attracting more wealthy individuals to the country. It will provide...
The real estate market in Dubai is expected to continue its rapid growth this year. We at Christie's International Real Estate Dubai believe that the number of transactions will surpass record levels. The following factors will help boost the demand for housing: A Stable EconomyFavorable Tax PoliciesLow Mortgage RatesHigh Interest from Foreign BuyersHigh Volume of Properties Stock Despite the...
The UK's interest rate hike was widely expected, and with inflation still expected to remain high, further increases are likely. This will provide Middle Eastern real estate investors with additional opportunities to invest in UK property market. The Bank of England on Thursday raised its key interest rate by a quarter of a percentage point to 1.75 percent from 1.25 percent, its biggest increase since...
The total amount of real estate deals closed in Dubai in H1 2022 has surged to AED114.6 billion (USD31.20 billion) with sales transaction volumes reaching an all-time high of 43,020. The steady increase in the prices and volumes of real estate transactions in Dubai during the first and second quarter of 2022 is expected to continue to be a great sign for Dubai’s property sector. The property...
The residential real estate market in Dubai is experiencing highs in rents and transactions. From January to May 2022, there were 30,900 residential transactions in Dubai, which is the highest figure since 2009. The number of transactions in May was 6,720 worth AED18.3B, an increase of 53.2% compared to May 2021. The performance of the market during the first five months of this year has been...
The London property market is considered to be one of the most desirable places in the world to invest. It is protected from global market volatility and provides a safe and secure environment for investors. London is also considered to be a financial center that is well-regulated and has good levels of leverage. This makes it an ideal place for investors looking to take advantage of low interest rates...
In a time when wealth inequality is on the rise, it shouldn't come as a surprise that many people are looking into moving their assets abroad. Due to its proximity to various continents, such as Asia, Europe, and Africa, Dubai real estate has become an ideal alternative to diversify into. It's also a great place for people with a high level of wealth. As the country's economy continues to grow, it has...
Non-fungible tokens, also known as NFTs, have been in the news a lot lately. From the record-breaking prices for art made using NFTs, to the ways they’re being used by fast-food chains to promote their products, the trend seems to be taking off. Although they’re relatively easy to implement and execute, it’s still a bit challenging to apply them to the real estate industry. NFTs can provide an...