I hope you’ve had a great week. We have got off to an exciting start this year with an increasing number of UK clients exploring and investing in the Dubai real estate market.
With incredible quality builds from world-class developers, enviable payment plans and comparatively low entry prices, there is huge room for capital growth in the UAE in the coming years – not to mention some very juicy yields to be had in the meantime!
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 Headlines This Week
- Examining Influence of the Metaverse on the UAE Property Market – While many cities around the world are still getting to grips with the Metaverse and all its myriad of applications, Dubai is pioneering forward, determined to be the first to unlock the full potential of this new digital wonderland. From using VR/AR to test traffic flow and driverless car scenarios to providing an immersive 3D digital space for businesses and generating true-to-life architectural models for developers and property investors to explore, there really appears to be no end to the possibilities that the Metaverse can open up for its users.
- Global Recession Fears Fail to Dampen Appetite for Dubai Property – The founder and CEO of consultancy firm Business Link is confident that it is smooth sailing ahead for the Dubai real estate market as demand continues to grow from HNWIs across the globe. Despite fears of a recession, data from Property Finder has revealed that Dubai saw an increase in real estate deals by 128% year-on-year in January alone. Far from slowing down, Zoom Property Insights data also suggests that the luxury market will continue to grow by 13.5% in 2023, with a 13.5 per cent yearly increase as investors rush to take advantage of excellent investment opportunities and hot market conditions.
2023 Real Estate Growth Boosted by Millionaires & Visa Reforms – Experts have weighed in that demand for Dubai real estate is soaring high, with no signs of dropping as more international investors flock to take advantage of the city’s luxury amenities, favourable tax laws and quickly-growing economy, where the price for top quality properties is still relatively cheap compared to other prime city destinations world-wide. The demand for properties in Dubai has hit unprecedented levels in recent months, achieving record-breaking sales figures. Real estate developers are making the most of this interest with projects aimed to attract investors, such as Dubai Creek Harbour and The Heart of Europe Project.
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.