Real Estate Market Expectation for 2019

When you think of Dubai, among the first things you might think of, are exceptional Dubai properties, sky high towers and magnificent architectural structures. Dubai is best known for its real estate market. As we sail through 2019, it is worth finding out some of the real estate trends, predictions, and expectations.

2018 was marked with property prices decline and consistent government initiatives to stimulate the growth of the real estate sector. However, for 2019, there are positive predictions for the local market. You need to know these predictions before you buy an apartment in Dubai or any real estate property.

The primary reason why 2019 is expected to be better than the last year is because of Expo 2020. Just a year away from 2019, Expo 2020 is expected to generate immense economic growth not just in real estate, but in the UAE as a whole. With more people coming in to attend Expo 2020, the real estate sector is expected to witness an increase in demand for rental properties. More people would also see the infrastructural innovations of the UAE which would help attract more investors to the country.

Most experts agree that 2019 would see slow but steady growth in real estate prices, whether it would be for sales or rent. The good news is that prices are not expected to slide down. Analysts mentioned that return of investments (ROI) for real estate properties would play between five and eight percent.

In 2018, a lot of new residential properties were added into market. However, many of them are expected to be completed in 2019, which includes villas and flats for sale in Dubai. Of the almost 40,000 units under construction, around 65% of them are anticipated to be available over the course of the current year.

For this reason, a lot of properties for sale in 2019 would come from the residential sectors. The increased supply of real estate properties makes 2019 as a year for buyers and not for the sellers.

The UAE government plans to create new executive orders and take initiatives to improve the growth of the real estate industry. For example, one of the reasons why people are reluctant to buy new property is because of the high-interest rates of lenders and banks. The UAE government is said to take some steps to require lenders to provide flexible and lower interest payment plans.

Get professional advice

As you now have the information as to how market would perform for 2019. So if you are planning to buy a house or a rent a villa in Dubai, it always pays off to have a professional on your side. If you want to make sure that you are making the right investment or getting adequate information before making a decision, check out Rocky Real Estate. They provide best real estate brokerage and investment consultancy services. They have the right knowledge and experience to guide you in every step of your investment. Give them a call today!