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.
According to a senior official, the real estate market in Dubai has emerged as a new haven for astute investors with long-term plans. The CEO and co-founder of Juwai IQI, Kashif Ansari, referenced a recent UBS report that amply demonstrated the remarkable growth in demand for the Dubai real estate market.
When it comes to investors looking to make long-term investments in the city, the UBS report is very valuable. Kashif’s outlook on the Dubai real estate market is still optimistic, with significant growth potential through 2030 and beyond.
The best places to invest in real estate 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 area attracted the largest transaction in August, totaling Dh139 million, which indicates investors’ keen interest and, more importantly, the high-end location’s potential for growth.
According to Kashif, investor interest in Dubai’s real estate market will 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. According to Kashif, 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 wealth. He emphasized that real estate in Dubai is the new global currency.