Dubai’s real estate market has been booming in recent years, With the event taking place in 2022, there has been a surge in demand for properties in Dubai, as people looked to invest in the city ahead of the tournament.
This has resulted in property prices rising significantly, with the average price of an apartment in Dubai now exceeding $1 million. However, there are still plenty of opportunities for investors, as there is a growing shortage of properties available.
If you’re thinking of investing in Dubai’s real estate market, it’s important to be aware of the trends.
Dubai has reached a 12-year high in terms of volume and value of the sale of off-plan and secondary properties.
According to the report, a significant portion of World Cup visitors will be High Net Worth Individuals (HNWI) who are seeking premium properties, and mid-market buyers are also expected to seek investment in Dubai real estate.
Many of the visitors who transit through Dubai will acquire real estate assets either for personal use or for investment purposes. Although property prices have risen in the UAE, the long-term appeal of real estate as an asset is undeniable with average apartment rents soaring.
The Emirate’s economy is also diversifying away from oil, which is helping to fuel growth. If you’re thinking of investing in Dubai real estate, now is a good time to do it.