Successful H2 2021 Predicted for Dubai Real Estate Market

As per the latest ValuStrat data, we can expect the positive momentum in Dubai real estate market to continue in the second half of the year. Starting from the third quarter of 2020, we have witnessed a positive trend in the property sector, say ValuStrat experts. With effective measures the Dubai government has implemented to fight COVID-19 and the swift recovery of the Dubai economy, predictions are promising.

Dubai attracts foreign investors

Dubai real estate market bounced back strong from the COVID-19 induced crisis and kept on breaking records. With an increase in demand, the sale prices went up by 1,3% in March. At ValuStrat, they highlight that this was the first year-on-year increase in price since 2015. Furthermore, since the market touched its bottom low in November 2020, prices have recovered up to 7% by now. Aside from TAX-free investments and one of the highest ROI, a successful approach in handling COVID-19 made Dubai appealing for foreign investors. Those looking to buy a property in Dubai are seizing the opportunity to become part of history.

What is trending?

Luxury real estate at the moment is booming. Those looking for luxury properties for sale in Dubai will have to be ready to pay more. The luxury property segment has seen a historic high market share of 2,5%.

Another interesting phenomenon is tenants who are converting into buyers due to low-interest rates and affordable prices. Both investors and end-users are noticing that now is the best time to invest in Dubai real estate.

Villas and townhouses are in higher demand nowadays. Post pandemic residents are shifting from apartments to townhouses or villas in Dubai.

What can we expect?

With EXPO2020 approaching, Dubai real estate market is becoming more attractive to foreign investors. ValuStrat predicts steady growth of 5% for the Dubai property sector in the second half of 2021.

If you are considering to buy a property in Dubai, get in touch with us. Call us on +971 4 518 7555.