The 40% increase in sales value in August alone shows that foreign investors are still drawn to Dubai real estate. $12.9 billion, or 36.9%, of the total amount of transactions were made.
An informed investor with long-term goals can now find refuge in Dubai’s real estate market, according to a senior official. Juwai IQI’s co-founder and CEO, Kashif Ansari, cited a recent UBS report that clearly showed the market’s extraordinary growth in demand for Dubai real estate.
The UBS report is a great resource for investors who want to make long-term investments in the city. According to Kashif, there is still a lot of room for growth in the Dubai real estate market through 2030 and beyond.
These are the top locations for real estate investments:
- Dubai Marina
- Jumeriah Village Circle
- Downtown Dubai
- Palm Jumeriah
- Business Bay
- Dubai Creek Harbour
- Dubai Hills Estate
- Arabian Ranches
As per Kashif’s observations, the Business Bay area witnessed the highest transaction in August, amounting to Dh139 million. This suggests that investors are highly interested in the area and, more significantly, that it has the potential to grow as a high-end location.
Because of the unpredictability of the global economy, Kashif believes that investor interest in Dubai’s real estate market will rise, resulting in higher capital appreciation and rental yields. Dubai’s real estate market will overtake Singapore’s and Hong Kong’s before 2030. In order to protect their wealth, Kashif predicts that investors from China, India, Pakistan, the US, and Europe will purchase significant amounts of real estate in Dubai. He made it clear that Dubai real estate is the new global currency.
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