Dubai real estate deals cross 100 billion in 2024
Dubai’s real estate market has always been in focus. It’s breaking records in 2024. Crossing the 100 billion dollar mark have been the deals. This is very much notice that investors are confident. Other markets struggle but Dubai is growing. It is not just recovering. It is booming. We have strong policies and Dubai’s charm is a luxury hub and there’s international interest.
There are many factors leading to success. It’s easier to invest with relaxed visa rules. The policies are business friendly and Dubai’s in itself is very appealing as a safe place to invest. New rules for investor visa facilitate property buyers’ settling down in the UAE. Large funds are now investor, along with people buying second homes. Residential, commercial and mixed use projects interest them. The high end apartments, luxury villas and office spaces are in demand.
Read more: Dubai Sets New Record with Over 10,000 Off-Plan Home Sales in July
Demand for prime properties has shot up as one big trend this year. It is very popular in areas such as Palm Jumeirah, Dubai Marina and Downtown Dubai etc. The values of property and the transactions are going up. buyers want to buy in these areas for prestige. Dubai has great infrastructure and a high quality of life. There are good returns on investment, too. The mortgage rate is competitive, thereby enabling both the locals and foreigners to buy with ease. It’s helping the market grow.
Read more: Dubai Real Estate Market Surges with Record $38.6 Billion Sales in Q3 2024
Key too are Dubai’s future development plans. The city is developing its infrastructure. Dubai Urban Master Plan 2040 is an example of forward thinking. It makes Dubai a great investment choice. They are not just building to meet demand. They are making community living better. More natural spaces and smart, green environments are also included. They appeal to modern buyers.
But now many investors are wondering if it’s the right time to invest. It depends on personal goals. Dubai is very attractive for long term growth. New projects that fit with the city’s growth plans are what experts suggest you should look at. The market needs to be understood. Locations also matter, for being prime and getting government incentives. You can also work with a local real estate agent.
Read more: Dubai Real Estate Market Sets AED 141.9 Billion Quarterly Sales Record
References:
- Zawya. Dubai’s 2024 Real Estate Deals Surpass 100 Billion. Zawya, 2024.
- Gulf News. Relaxed Visa Rules Boost Dubai Property Market. Gulf News, 2024.
- Khaleej Times. Demand for Prime Properties in Dubai Skyrockets in 2024. Khaleej Times, 2024.
- Arabian Business. How Competitive Mortgage Rates Are Driving Property Growth in Dubai. Arabian Business, 2024.
- The National. Why Now Might Be the Right Time to Invest in Dubai Real Estate. The National, 2024.