In recent quarters Dubai’s real estate market has seen an elevation in price along with other top metropolitan cities across the globe. Even though a few investors and analysts feel it is exhibiting bubble characteristics, contrarily we feel it is priced fairly and in accordance with increasing oil prices, as well as a significant boost in immigration levels last year.
According to the UBS Global Real Estate Bubble Index 2022, a yearly study by UBS Global Wealth Management’s Chief Investment Office, Toronto and Frankfurt have significant imbalances in their housing market with prices out of sync with rising interest rates. Risks are also elevated in Zurich, Munich, Hong Kong, Vancouver, Amsterdam, Tel Aviv, and Tokyo. Whereas in the very same study of 25 major cities, only four ranks in the ‘fair-value’ category, and one of them is Dubai.
Dubai’s real estate market has a plethora of options to offer, you can purchase a studio for a little more than 100,000 USD or a luxurious villa or apartment for several million dollars. Resident or not the benefits are significant and in favor of an investor like tax benefits, curated payment terms, low mortgage rates, golden/investor visas, and high ROI to name a few. The price rise is due to interest demonstrated by international buyers During the 1st quarter of 2022 only, real estate has risen in price, and the average cost of 1 square meter reached $6000. This is 7.5% more in annual calculus.
Some of the top locations to buy in Dubai where the investors can fetch the highest possible ROI are:
Luxury Concierge Real Estate has been a market leader and is recognized by all major developers in the U.A.E and has listings all over Dubai including the locations mentioned above. Please go through our website to see all our listings and contact us for any further details, our agents will contact you.