I hope you have had a productive week. This week, we have turned our attention to something exciting that has never been offered to Dubai property investors before – Fractional Ownership.
With the ever-changing landscape of global property markets, Dubai continues to drive innovation by offering investors unique opportunities to enter the market and take advantage of its promising prospects.
Now, let’s take a look at all the headlines that caught our attention this week. I always try to summarise the links to save you from having to click through.
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Property News This Week
Why You Should Invest In Dubai Real Estate This Year – 2021 was a truly impactful year, with the world struggling to absorb the far-reaching consequences of a global pandemic. It was during this turbulent time that Dubai took the world by surprise with a 180-degree property market turnaround, rebounding not just from the pandemic but staging an exceptional recovery from its infamous crash in 2012. With proactive government handling, progressive policy-making and clever incentives for both investors and developers, Dubai has now positioned itself at the head of international property markets for 2022. With excellent newly-reformed visa options, an attractive tax-free regime and comparatively low pricing for builds of stunning quality, it is unsurprising that investors are flocking to Dubai as the ideal city to live, work and play.
- Busiest Quarter in Two Years for Dubai Airport – This Thursday, Dubai’s main airport announced it had experienced its busiest quarter since 2019. With the world now shifting gears as the pandemic loses traction, international travel is now showing tentative but clear signs of recovery. Chief Executive of Dubai International has echoed this with projections of pre-covid figures as soon as 2024. Among the world’s top gateways for international travel, the Gulf Hub saw 13.6 million passengers go through its doors in Q1 this year. In context, the same quarter last year was less than half this amount at 5.7 million. Q1 2022 has in fact been the best performing year since before the start of the pandemic when the majority of international borders closed to travellers and most commercial flights ground to a halt.
- UAE Residents Earn Big Renting Out Homes to Holidaymakers – The Chief Operating Officer and Co-Founder of bnbme Holiday Homes by Hoteliers has offered some very encouraging projections for homeowners. The company data suggests landlords can now earn between 10% and 50% more by turning their property into a holiday home than they would if opting for a traditional long-term let. The exact percentage rise is heavily dependent on location, as holiday homes in Dubai’s most popular communities are highly sought-after. With great reviews and marketing from bnbme Holiday Homes, it is suggested that homeowners could boost their yield by 25% year on year. This projection comes as the company revenue multiplies by nearly 3 since this time last year, showing that business for holiday lets in Dubai is really booming.
- Bespoke Dubai Seafront Mansion Sells for AED63 Million – Hold onto your hats – A stunning LA-style beach house has just been purchased for a cool AED63 million (US$17.5 million) in one of Dubai’s most coveted neighbourhoods. The lucky European buyer now is now in possession of an 8,600 sq. ft mansion sitting by smooth waters lapping the Palm Jumeirah archipelago. This magnificent five-bed property offers a lavish indoor-outdoor lifestyle reminiscent of California charm, with walls of floor-to-ceiling windows, an infinity pool and rich furnishings imported from Italy. With a combination of spacious open-plan designs and living areas of secluded intimacy, the beach house offers a unique fusion of luxury features, complete with marble finishes, commercial-grade appliances and a two-mile stretch of pristine beach to watch the sunset across the golden Arabian Gulf.
That is all we have for you this week. If you have any comments or questions on this week’s news summary then please feel free to send us an email at [email protected] – if not, see you next week.