WHY 2022 IS THE BEST TIME TO INVEST IN DUBAI REAL ESTATE MARKET

Investing money is a huge risk and requires a lot of research, analysis, and knowledge about the market and process. Everyone wants to experience a profitable outcome that increases the initial investment and also gives the owner a brilliant outcome. This success is only possible if people place their bets right, and the majority of retail estate investors look towards Dubai as the hub of assets and returns.

Dubai is the most ideal place as it has become a central location for all commercial activities and residential as well. The rise in population and the evident increase in residential units have brought in a big influx of foreign investors and ex-pats into the region in search of better opportunities!

As they say, Dubai is the land of growth: once you land there, you can expect yourself to be in a better position after a struggle. In addition to the innovative laws introduced by the government, many people are attracted by the luxurious lifestyle and infrastructure the place has to offer.

If you are looking for an adventurous land where you can have all the best entertainment fun playgrounds, recreational parks, fun gaming centers, festivals, and amazing nightlife: then the Dubai property market is the best thing.

The current state of the Dubai Real Estate Market

Dubai's real estate market has gone through a rollercoaster of changes and growth since the recovery from the lockdown impact during the Covid'19 aftermath. The whole situation turned Dubai around for a few months until the market rebooted and quickly regained all the lack of sales due to the enclosure of activities and facilities.

The revival of the real estate market set a new standard for the coming years for investors. The market outpaced most worldwide property markets, beating out Paris, London, New York, and Hong Kong, to mention a few. Dubai was placed third internationally in 2021 as the area with the highest residential capital appreciation, at 17%.

The commercial units also rapidly increased in 2021, leading to an inflow of foreign investors. Another factor that contributed to their interest was the Golden Visa. The visa enabled all talented foreigners to have a place in Dubai, and the requirement of a national sponsor was eradicated making it easier for people to buy freehold property in Dubai.

In 2022, this trend has mirrored the increase of sales in the real estate sector along with the rental and property prices as well. The growth in population, foreigners and booming economy has allowed the real estate sector to once again be ripe with potential.

Dubai's property market is flourishing, with home prices rising 10.6 percent in 2021 and another 2.6 percent in the first 3 months of 2022, the greatest pace of annual increase since 2015. Needless to say, many clients are using this time to find the best property investment in Dubai as the timing is perfect, and the future will bring more profits.

The increase in property prices

One prominent prediction in the Dubai property market is the increase in prices in the impending years. In the current year, the prices are perfect for people to invest and bring themselves fruitful profits and high rental rates too!

Dubai's residential property will continue to increase further in 2022, although at a slower pace, along with a huge supply of new units that are projected to come online in the region. Dubai will witness a production of 38,500 flats and 3,800 villas, which is fairly identical to prior years. In 2022, they will contribute to a big portion of 30,000 apartments and 3,500 villas.

This production of new commercial and residential units will also increase as the years go by to appease the growing demand from the population. The real estate market is currently the ideal way to gain more money in the future. If you plan on building a home in Dubai, the timing is still perfect!

If you are struggling to find a good property for yourself, you can click here to access a guide for foreign investors to know about the real estate market and Dubai laws!

Best property investment in Dubai

Now that you are convinced that right now is the best time to invest in Dubai property: let's move on to finding the trending property locations!

Palm Jumeirah, Downtown Dubai, Jumeirah Golf Estates, Al Barari, and Emirates Hills are some of the few luxurious places to set up your dream house or set up a pricey rental villa. The key to the best property investment in Dubai is looking into your budget and goal for the future.

Instead, if you are on the search for some amazing affordable apartments or houses, then look at the list below for some recommendations!

1. Dubai South
2. The Springs
3. Dubai Hills
4. Al Qusais
5. Arabian Ranches
6. Jumeirah Lakes Towers

All of these locations are affordable for ex-pats and have good rental rates for foreigners and people looking to rent places while working. Many clients choose the busiest streets and places to invest, as there are always people coming to live here on rent, as they can't afford to buy properties. So, think about your ideal location, and choose the best property for you!

Real estate markets are quite tricky and require experts who have ample information about the shifting trends and can decipher the property prices to bring the best possible investment for their clients. If you are worried about making the right decision, dont be!

At Inspire Real Estate, you can engage with the best experts and brokers who can link you with your dream home or property. They also offer a variety of guidance and consultations with clients on a one-to-one basis to ensure all demands are met!

They are certainly one of the best in Dubai, so don't miss on this opportunity, and consult them right away before time runs out!