Dubai’s Housing Market Thrives, Driven by Immigrant Influx
The Dubai housing is one of the booming sectors due to immigration from other countries due to technological advancement that has favored remote working…etc from Russia, North America, Europe. Self-employment visas and the ability to have flexible work permits together with the absence of taxes in Dubai makes it an attractive destination.
Future position In 2023, the growth ratios were evident in property sales such that there was a 40% increment in sales value as per the third quarter of the year as per the Dubai Land Department. Emaar Properties, one of the largest developers for instance has also sold a number of units, affirming the health of the market and investor sentiments.
The UAE containing the outbreak early and enhancing the use of digital technology has only added to the benefits of investing and living in Dubai which is why it has drawn top-notch HNWIs. Such a trend is likely to persist in the future and new segment of buyers, including Indians, will enter to support the market’s growth.