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Top Reasons to Invest in Dubai's Property Market

  • By Treasures Real Estate
  • 18 Juillet 2023
Top Reasons to Invest in Dubai's Property Market

Dubai being an ideal investment destination, has experienced a remarkable 67% surge in the number of foreign property buyers. This substantial increase reflects the growing interest among investors in purchasing homes in this emirate. Both villas and apartments are in high demand, as they each provide distinct advantages.

Many people are unaware of how a stable exchange rate influences the Dubai real estate market. Stable exchange rates support long-term growth in the market. The currency used in the United Arab Emirates is the UAE Dirham, which is divided into 100 fils. The dirham is tied to the value of the U.S. dollar and is considered to be one of the most stable currencies globally. The UAE dirham has maintained a stable exchange rate with the U.S. dollar for over two decades.

The Dubai real estate market is steadily increasing and is predicted to increase by 46% in 2023. According to the Realiste AI data reports, It is predicted that the cost of real estate in this city will rise by 29% in 2023.The overall trend for the Dubai real estate market in the coming year is upward, with prices expected to rise by a minimum of 10-15%, and some areas experiencing growth of up to 46%, as per the data.

An off-plan property in Dubai that is yet to be completed, is generally available at lower prices. Due to this reason, they can offer great opportunities for both buyers and investors. Dubai government has implemented favourable laws that help the buyer benefit by investing in off-plan properties.

Dubai presents remarkable returns on property investment, with a gross rental yield ranging between 6-10%, and an average return of around 7.5%. Additionally, Dubai property prices are favourable when compared to other major global cities around the world.

According to the latest data from CBRE in 2022, the average housing rents have gone up by 27.3% in the year until November 2022. Specifically, the average apartment rents have increased by 27.6% and the average villa rents have risen by 25.4%.



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