Choose language

Number of real estate transactions in Dubai has increased 4 times

Number of real estate transactions in Dubai has increased 4 times

The greatest activity of buyers of real estate in Dubai was noted as over USD 250,000.

Foreign real estate is popular with buyers from Europe not only as a second home, but also as an investment to preserve capital and make a profit. The choice of the United Arab Emirates is easy to explain. Buying local real estate makes it possible to obtain a residence permit, including through special programs of «golden» visas, and save your money in a country with a stable economic sector. The exchange rate of the local currency against the dollar in Dubai has not changed dramatically for several years. This is a good sign, which is also paid attention to by investors and businessmen. The high profitability of renting out housing in Dubai, especially in the luxury segment, is the reason why entrepreneurs often consider rental business, and not opening a business in the UAE.

If you look at the most popular projects among foreign investors on the first coastline in Dubai, the list will look like this: Six Senses, The Royal Atlantis, W Residences Dubai in Palm Jumeirah, Bvlgari Resort & Residences in Jumeirah Bay, Mr. C Residences and Address in JBR, as well as Address Beach.

What is curious is that many of these deals are now being made at the stage of closed sales, especially when it comes to exclusive cottages and penthouses in the ultra-expensive segment. The price of the objects varies in the range from USD 1,500,000 to USD 80,000,000.

Read also