Since March 1, the demand among Europeans to buy real estate in Dubai has increased by 40%.
Dubai real estate market was attractive to investors from Europe for a long time. According to analysts, when comparing the volume of real estate transactions in the UAE in February 2022 with the figures in the same period of 2021, there is a positive trend of 70%.
Real estate prices in Dubai increased by 44% in 2021 and by another 7% in the period from January to February of this year.
According to expert assessment and surveys conducted, about 300,000 Europeans live in Dubai today. This is almost 10% of the total number of residents of the emirate.
The interest in business in Dubai has also increased due to recent events. Since the United Arab Emirates decided to remain neutral, many entrepreneurs decided to relocate the existing business in Europe.
Experts note that moving to Dubai is interesting for representatives of IT industry. If they have sufficient income and meet several other criteria, they can easily get a golden visa of a «digital nomad» in Dubai.