Dubai's property market will continue to be driven by affordability and the Golden Visa

At no time should developers lose sight of keeping all pricing options open for buyers

Published : August 10th 2022

Dubai's property market will continue to be driven by affordability and the Golden Visa

At no time should developers lose sight of keeping all pricing options open for buyers

Published : August 10th 2022

A string of initiatives have been introduced by Dubai over the years, including simplified financing, low mortgage rates, and swift enactment of policies to boost its economy.

Its leadership also played a pivotal role during the outbreak of the pandemic by setting prudent examples of how a global powerhouse can navigate dire challenges and protect its economy and the interests of stakeholders – which include local and international companies, small and medium-sized enterprises, and homegrown enterprises – and paving the way for them to reach greater heights in their businesses.

A string of initiatives have been introduced by Dubai over the years, including simplified financing, low mortgage rates, and swift enactment of policies to boost its economy.

Its leadership also played a pivotal role during the outbreak of the pandemic by setting prudent examples of how a global powerhouse can navigate dire challenges and protect its economy and the interests of stakeholders – which include local and international companies, small and medium-sized enterprises, and homegrown enterprises – and paving the way for them to reach greater heights in their businesses.

Overseas buyers flocked to the city to invest in the real estate market, while resident-renters became first-time homeowners. As a result of trade, technology advancements, safety, and healthcare, the emirate has become a global hub for businesses and tourism that never ceases to amaze.

Nonetheless, the latest Golden Visa expansion will play a crucial role in attracting overseas buyers and spurring demand for real estate.

Transformation centered on consumers

We can better understand our world by understanding the shifting demographics related to global social and economic transformations. Global economic resurgence and disproportionate economic growth across competing geographies are driving migrations.

Taking advantage of the increasing number of migrants and talent-driven economic development, the UAE introduced a Golden Visa scheme for individuals who meet certain eligibility requirements. UAE’s new visa scheme reinforces its position as a desirable place to live, work, and invest.

As a result of rising demand from property investors and homeowners, the Golden Visa scheme has been expanded to cover those who invest or purchase a secondary or off-plan property worth Dh2 million.

The recently updated 10-year UAE Golden Visa regulations are a fantastic initiative to stimulate real estate investment even further, especially with the flexibility associated with the new rules. This will encourage residents and overseas investors to make the UAE their second home as well as encourage RoI-chasing ‘hunters’ to invest long-term in the country.

 

The facts behind the numbers

We are at the beginning of a pronounced upward trajectory in the real estate market. In Dubai, the market is still considered a buyers’ market, with real estate and prices being undervalued.

 

Budgets should be aligned with buyer expectations

According to a Reuters poll, affordability is driving the real estate market’s growth. Due to low property prices, foreign investors are expected to drive Dubai’s housing prices up steadily over the next two years.

Overseas buyers flocked to the city to invest in the real estate market, while resident-renters became first-time homeowners. As a result of trade, technology advancements, safety, and healthcare, the emirate has become a global hub for businesses and tourism that never ceases to amaze.

Nonetheless, the latest Golden Visa expansion will play a crucial role in attracting overseas buyers and spurring demand for real estate.


Transformation centered on consumers

We can better understand our world by understanding the shifting demographics related to global social and economic transformations. Global economic resurgence and disproportionate economic growth across competing geographies are driving migrations.

Taking advantage of the increasing number of migrants and talent-driven economic development, the UAE introduced a Golden Visa scheme for individuals who meet certain eligibility requirements. UAE’s new visa scheme reinforces its position as a desirable place to live, work, and invest.

As a result of rising demand from property investors and homeowners, the Golden Visa scheme has been expanded to cover those who invest or purchase a secondary or off-plan property worth Dh2 million.

The recently updated 10-year UAE Golden Visa regulations are a fantastic initiative to stimulate real estate investment even further, especially with the flexibility associated with the new rules. This will encourage residents and overseas investors to make the UAE their second home as well as encourage RoI-chasing ‘hunters’ to invest long-term in the country.


The facts behind the numbers

We are at the beginning of a pronounced upward trajectory in the real estate market. In Dubai, the market is still considered a buyers’ market, with real estate and prices being undervalued.


Budgets should be aligned with buyer expectations

According to a Reuters poll, affordability is driving the real estate market’s growth. Due to low property prices, foreign investors are expected to drive Dubai’s housing prices up steadily over the next two years.

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