Dubai’s Red-Hot Property Market Expert Insights on Buy, Sell, or Hold Strategies
Generally, there are reports that Dubai is experiencing an incredibly high growth in its property market, it attracts investors from all over the world and it has remained a property market that is still booming even in the face of global economic crises. Here is a summarized or a look at the industry based on the knowledge of experts.
Current Market Dynamics
Several factors that have influenced the growth of property market in Dubai include; new generation of government policies, a slight increase in the number of international investors, and high profile infrastructure projects. One of the major causes includes the Golden Visa, which grants long term residency to investors have been a major pull factor, making Dubai an ideal place to invest.
Also, continued construction of large-scale projects such as the Al Maktoum International Airport which will cater for 150 million passenger traffic per year has increased property prices. Pundits are forecasting that the rates in properties are likely to consolidate in the future with significant rises around the key areas such as Palm Jumeirah and Business Bay.
Expert Opinions on Investment Strategies
- Buy: For the investors those interested areas illustrated such as JVC, Meydan, Dubai South and so on are mentioned. The market is relatively mature which mean there is great potential for building a strong portfolio for long term returns. This particular market continues to be a go-forward market, while the increase in expatriates also signifies an up-market situation.
- Sell: Selling can be intentional something that must be done especially at a time when prices are high. But there is need to do this strategically in as far as the personal financial plans the market trends are concerned. Anecdotal evidence indicates that some degree of softening in the price inflation is expected but large scale corrections are not possible since demand persists to be higher and supply is not easily available.
- Hold: Such a disposition of properties meant that more holding could mean enormous capital gain in the future. Market factors suggest that growth is set to be sustained by population growth as well as sustained interest in investors. This should always be considered especially when dealing with luxury units and areas with high demand.
There are, however, some doubts as to whether the further acceleration of growth will occur and will be so high that it will later take a pause, albeit on a high level. New infrastructure projects and continued government support especially for renewable energy are anticipated to continues the market growth. Property for rent and buyers are present in demand to find affordable homes, the first-time homeowners and expatriates who are in search of long term investment.
In a nutshell, motivations to buy, sell or hold are contingent with personal factors as well as the investment objectives. The firms operating in this market look set to grow further probably opening up even more attractive opportunities for investors.