5 Post-COV Trends in Dubai Real Estate Market
If you have been paying attention to the real estate market of Dubai, then surely you must have heard about the amazing and unprecedented growth seen in the number of apartment units for sale in Dubai. This is one of the most talked about aspects of the Dubai real estate market, which has actually led to a great surge in the demand for apartments for sale in Dubai. Apart from the increasing number of City Walk Apartments for sale in Dubai, there are also many other factors that have contributed to this sudden popularity of properties in Dubai. Let us discuss these factors in brief.
One of the most important contributing factors to the popularity of properties in Dubai is the presence of a huge number of foreign investors. These investors are coming to Dubai for better returns. These properties are priced at a very low price and the reason for this is obvious – they are not fit for resale. This fact has indirectly resulted in a large inflow of properties for sale in Dubai. There are many developments and major projects which are waiting to be completed in the city.
The second reason for the phenomenal popularity of the Dubai real estate market is its tremendous growth rate. As of now, the city is still growing at a rapid pace. In just a few more years, the city will be completely populated and the demand for properties will skyrocket. If you are an investor who is looking for a second home in Dubai, then the preeminent option available to you is that of buying property in Dubai. The growth in the population of the city has made the city even more affluent.
The third factor responsible for the phenomenal growth of the market is the presence of many new developments in the city. These developments have not only added tremendous value to the properties being offered for sale in Dubai but have also helped in boosting the economy of the emirate. In addition to this, many people are coming into the city to work in multinational companies located there or to avail of various other job opportunities. Consequently, rental values of real estate in Dubai have gone up substantially. Therefore, it is a buyer’s market in Dubai.
The fourth factor that has led to the phenomenal popularity of the Dubai real estate market is the lifestyle it offers its residents. Located in one of the safest cities in the world, Dubai gives its residents plenty of reasons to live there. Dubai offers a warm and hospitable climate, inviting sea shores and a wealth of recreational activities for its residents. In addition to all these factors, the city’s tolerant and open attitude to foreign cultures and thriving entertainment industry have all contributed to its impressive popularity. You can avail all sorts of facilities – from world-class shopping malls, state-of-the-art business centers, state-of-the-art fitness clubs, and educational institutions, to world-class entertainment and sport – right in your very own city.
Apart from all these factors, there are many other factors too that have played a crucial role in boosting the post-COV trend in Dubai. First, the city’s location in the UAE has always been an attraction for property buyers. A sunny, temperate climate in Dubai helps the market to sustain a strong and consistent inflow of buyers and investors. In addition to this, the transport infrastructure in Dubai is among the best in the region. There is no lack of airport, rail and road connectivity in the city, which further adds to its desirability as a good investment option. All this has helped the post-COV real estate market to keep growing at a steady rate.
Another factor that has had a positive effect on the demand for real estate in Dubai is the government’s recognition of the city as a smart city. The emirate’s focus on smart growth and development has led to some remarkable developments – the inclusion of a major university, a major business center, several international standard business centers and several other important public amenities. All these developments have helped the city to retain its mantle as the top shopping, business and educational destination in the region. This has further strengthened the post-coalition city’s status as one of the leading real estate markets in the world.
All in all, it can be said that post-coalition cities have successfully managed to keep pace with the changing times and are developing in all sectors. Some sectors have gained a particular focus here – like research & technology, business sector and education. However, as always, real estate deals in Dubai still remain largely in the hands of private entrepreneurs. Private owners play a key role in driving the market’s constant growth – through the effective use of marketing strategies, clever domain names and aggressive bidding strategies. These techniques help property buyers to get good deals, at reasonable prices. So if you are looking for a penthouse for sale in Dubai then now is the time.