According to a recent UBS report, Dubai real estate market is experiencing remarkable growth, driven by increasing demand from global investors. In August alone, the market saw a 40% rise in sales value, with total transactions reaching $12.9 billion, representing a 36.9% surge in volume.
Dubai Real Estate: A Safe Haven for Long-Term Investors
Kashif Ansari, CEO and co-founder of Juwai IQI, highlighted Dubai real estate market as a secure investment destination for those with a long-term perspective. He referenced the UBS report, which underscores the rapid growth of demand in the sector. Ansari maintains a bullish outlook on the market, forecasting significant growth through 2030 and beyond.
Dubai Real Estate: Key Investment Areas
For investors seeking prime opportunities, the top real estate areas in Dubai include:
- Dubai Marina
- Jumeirah Village Circle
- Downtown Dubai
- Palm Jumeirah
- Business Bay
- Dubai Creek Harbour
- Dubai Hills Estate
- Arabian Ranches
Business Bay: A High-Potential Location
In August, the Business Bay area recorded the largest single transaction, valued at Dh139 million. This transaction reflects the strong interest from investors and the area’s potential for further growth as a Luxury real estate location.
Market Outlook: Dubai to Surpass Global Competitors
Ansari also commented on how global economic uncertainties are likely to drive more investors towards Dubai, seeking both capital appreciation and higher rental yields. He is confident that Dubai Real Estate market will outpace those of Singapore and Hong Kong before 2030. Investors from regions such as Europe, the UK, the USA, India, Pakistan, and China are expected to increasingly view Dubai real estate as a stable avenue for wealth preservation, solidifying its position as a key global investment market.
Published On: 8 Sep 2024
Source: https://www.khaleejtimes.com/business/realty/dubai-real-estate-has-become-a-trophy-investment
