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 Economy
- Favorable Tax Policies
- Low Mortgage Rates
- High Interest from Foreign Buyers
- High Volume of Properties Stock
Despite the positive trends observed in other countries’ real estate markets, Dubai’s property market is still considered to be one of the safest and most desirable places to invest. The authorities in the city have also introduced various reforms that make it easier for people to get a residence permit.
The demand for luxury villas has increased significantly in Dubai over the past couple of years. The market is highly competitive, and more people are expected to buy villas than apartments. The supply of these villas is relatively low.
Despite the shortage of luxury villas in Dubai real estate market, the demand for them has remained strong. This is due to the increasing number of new deliveries expected to hit the market this year.
The number of foreign investors who are interested in the property market has increased significantly in Dubai. Due to the rising demand for luxury villas, the prices of some of the prominent areas in the city have increased significantly.
The market is still expected to remain stable and provide investors with a good inflation hedge.