Now is the Best Time to Buy Dubai Properties
If you’re thinking of buying a real estate in UAE or Dubai in particular,
then now is the best time. With the steady growth of the real estate industry
of the UAE, more and more people are turning their attention to this great
country in the Arabian Peninsula. As the city prepares for the Expo 2020, there
are ongoing and additional strategic infrastructure projects that will further
increase real estate value.
World’s top destination for foreign direct investment
Dubai was considered to be the most transparent real estate
market in the Middle East in 2016. This has resulted in increased foreign
investor activity.
In the first quarter of 2018, the Dubai Land Department
reported Dh58 billion worth of real estate transaction, resulting from more
than 13,700 sales. Of all the real estate investors, the UAE nationals made the
most transactions, pumping an estimated Dh4 billion to the sector. Next would
be Indian nationals who invested about Dh3 billion in Dubai properties and have done more than 1,500 transactions.
Most experts and analysts agree that the 2018 first quarter
report is a strong sign that there are more good things to happen in Dubai real estate market.
Saudis citizens have
also made their contribution of almost Dh1.3 billion. Other nationalities that
are now benefitting from Dubai’s real estate market include Chinese, Russians,
Jordanian, Egyptians, and Canadians.
Fueled by the confidence and optimism of people in the real
estate sector, more foreign nationals are attracted to buy a property for sale in Dubai.
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