Demand is growing at an amazing rate, says UBS report.
Due to its strong growth and potential, Dubai real estate has become a trophy business that investors from all over the world are interested in. The market saw a 40% rise in sales value and a 36.9% rise in transaction volume, hitting an amazing $12.9 billion in August alone.
Kashif Ansari, CEO and co-founder of Juwai IQI says that Dubai real estate has become the new safe place for long-term buyers who are smart. He used the most recent UBS report to show that demand for real estate in Dubai is growing at an amazing rate. This makes it a good choice for people who want both security and growth. The study is very important for investors who want to stay in Dubai for a long time since the market looks like it will continue to grow well past 2030.
Investors are especially interested in certain parts of the city:
- Dubai Marina
- Jumeirah Village Circle
- Downtown Dubai
- Palm Jumeirah
- Business Bay
- Dubai Creek Harbour
- Dubai Hills Estate
- Arabian Ranches
The biggest single deal, worth Dh139 million, happened in August in the Business Bay area. This shows how interested investors are in Dubai’s best sites and how much growth potential these places have.
Kashif said that the current uncertainty in the world market is likely to attract more investors to Dubai real estate. He thinks that prices will go up even more and rental income will go up even more, making Dubai a bigger real estate market by 2030 than Singapore and Hong Kong. European, British, American, Indian, Pakistani, and Chinese investors are likely to put a lot of money into Dubai because they see it as a key place to keep their money safe. Kashif made it clear that Dubai real estate has become a prize investment and a new global currency in the world of real estate investment.
