Dubai Weekly Property News Round Up – 25.03.23

Hello,

I hope you have had a great week. Thanks to the incredible amount of interest that has mounted in Dubai property, we are gearing up for an exciting expansion in our Dubai team. And that’s not all that’s growing – our Dubai portfolio is home to a stunning range of new developments in prime locations.

If you are interested to find out more about Dubai’s most lucrative investment options, reply to this email today.

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.

Episode 60: UK Property Market Update – February

– The latest episode of the Pure Property Podcast is out now. You can listen to it on Apple Podcasts and all other major platforms.

Remember, you can also listen to this week’s newsletter on the podcast as well.

We would really appreciate it if you could subscribe and leave feedback for our Podcast on Apple.

Property Headlines This Week

  • Dubai Residential Builds to Increase by 1 Million Before 2023 – Dubai has been globally commended for its proactive drive toward boosting the UAE’s real estate appeal and has now defied predictions by analysts that suggested Dubai may only have a capacity of delivering 25,000 new residential units every year until 2030. Instead, the city is crushing this estimate with a trajectory suggesting that 1 million new households by the end of the decade is now anticipated. This incredible pace will give both UAE residents and foreigners the chance to invest in the city and further bolster the city’s exponential economical growth.

 

  • Investors Continue to Favour Dubai Despite Mortgage Rate Rises Despite mortgage rates rising by another 0.25% this week, experts agree that buyers are unlikely to be deterred due to Dubai’s incredible growth potential and still comparatively low prices. Favourable tax conditions for property investors are also anticipated to play a part in maintaining interest, combined with special Ramadan mortgage products currently available that offer 5-year fixed-rate mortgages at 5 per cent. Dubai still has not reached its previous price peak and has since improved a great many factors such as build quality, travel infrastructure, amenities and visa schemes, leading experts to agree that the city’s growth will be of great benefit to investors in the coming years.

 

  • Prime Property Prices in Dubai 80% Lower than Other Global Cities – In Knight Frank’s recently published The Wealth Report, premium real estate in Dubai was reported to be between 20-80% cheaper than comparable properties in other major cities globally, such as London, Hong Kong, New York, Paris and Tokyo. Dubai has already experienced massive growth since the onset of the pandemic but is still nowhere near its peak potential. The incredible value for money in Dubai real estate, along with it’s welcoming stance toward investors, has resulted in a huge influx of foreign interest, no doubt driven by Dubai leaders’ ambitions to make the city a top real estate investment location in the world.

 

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.

Popular Posts

Dubai Weekly Property News Round Up – 13.07.24

Date: July 16, 2024

Weekly Property News Round Up – 13.07.24

Date: July 16, 2024

Dubai Weekly Property News Round Up – 07.07.24

Date: July 8, 2024

Weekly Property News Round Up – 07.07.24

Date: July 8, 2024

Dubai Weekly Property News Round Up – 30.06.24

Date: July 8, 2024

Weekly Property News Round Up – 30.06.24

Date: July 8, 2024

Dubai Weekly Property News Round Up – 22.06.24

Date: July 8, 2024

Weekly Property News Round Up – 22.06.24

Date: July 8, 2024

Dubai Weekly Property News Round Up – 15.06.24

Date: July 8, 2024

Weekly Property News Round Up – 15.06.24

Date: July 8, 2024

Labour’s Victory in the 2024 UK Elections: Implications for the Property Investment Market

Date: July 5, 2024

Dubai Weekly Property News Round Up – 08.06.24

Date: June 11, 2024

Weekly Property News Round Up – 08.06.24

Date: June 11, 2024

Dubai Weekly Property News Round Up – 01.06.24

Date: June 11, 2024

Weekly Property News Round Up – 01.06.24

Date: June 11, 2024

The 5 Best Areas For Student Property Investment In Leeds

Date: June 11, 2024

19 Property Investment Tips For Beginners

Date: June 11, 2024

Dubai Weekly Property News Round Up – 25.05.24

Date: May 29, 2024

Weekly Property News Round Up – 25.05.24

Date: May 29, 2024

The Impact of Major Events on Property Demand

Date: May 22, 2024

calculating roi

How To Calculate Buy-To-Let ROI

Date: May 21, 2024

best student areas in nottingham

The Best Areas For Student Property Investment In Nottingham

Date: April 24, 2024

blog post banner graphic

The Best Areas For Student Property Investment In Liverpool

Date: April 5, 2024

off plan property dubai blog graphic

Off-Plan Property Dubai: An Investor’s Pocket Guide

Date: April 5, 2024

best area for student property manchester graphic

The Best Areas For Student Property Investment In Manchester

Date: February 23, 2024

best buy to let areas in bolton graphic

The Best Buy-To-Let Areas In Bolton

Date: February 13, 2024

best buy to let areas in burnley graphic

The Best Buy-To-Let Areas In Burnley

Date: February 13, 2024

The Best Buy-To-Let Areas In Preston

Date: November 28, 2023

The Best Buy-To-Let Areas In Sunderland

Date: November 28, 2023

The Best Buy-To-Let Areas In Brighton And Hove

Date: November 28, 2023

Recent Posts

Dubai Weekly Property News Round Up – 13.07.24

Date: July 16, 2024

Weekly Property News Round Up – 13.07.24

Date: July 16, 2024

Get in touch with us by clicking below and submitting an enquiry.

if you have any questions or would like to inquire about our services, please click on the “Contact Us” button below to be redirected to our contact page. Our team is dedicated to providing exceptional customer service and will do their best to assist you with any inquiries you may have.