by Nbsrealestate
Global investors are still drawn to Dubai real estate, as evidenced by the 40% increase in sales value in August alone. The amount of transactions reached 36.9%, or $12.9 billion. It’s clear that Dubai real estate has become a trophy investment, attracting substantial interest and significant financial commitments.
According to a top official, the real estate market in Dubai has emerged as a new safe haven for astute investors with long-term plans. The CEO and cofounder of Juwai IQI, Kashif Ansari, referenced a recent UBS report that amply demonstrated the remarkable growth in demand for the Dubai real estate market.
Also see: Dubai’s Tourism Boom in 2024: An In-Depth Look
When it comes to investors looking to make long-term investments in the city, the UBS study is very valuable. Kashif’s outlook on the Dubai real estate market is still optimistic, with significant growth potential through 2030 and beyond.
The top areas for property investments are:
- Dubai Marina
- Jumeriah Village Circle
- Downtown Dubai
- Palm Jumeriah
- Business Bay
- Dubai Creek Harbour
- Dubai Hills Estate
Arabian Ranches:
According to Kashif’s observations, the business Bay region attracted the highest transaction in August, totaling Dh139 million, which indicates investors’ keen interest and, more importantly, the high-end location’s potential for expansion.
According to Kashif, investor interest in Dubai’s real estate market would increase due to the country’s uncertain global economy, leading to higher capital appreciation and rental yields. Before 2030, the real estate market in Dubai will surpass that of Singapore and Hong Kong. Kashif noted that investors from China, India, Pakistan, the United States, and Europe will be buying large amounts of real estate in Dubai in order to preserve their riches. He emphasized that Dubai real estate has become a trophy investment, representing the new global money.
