Dubai Weekly Property News Round Up – 01.04.23

Dubai Weekly Property News Round Up – 01.04.23

Hello,

I hope you have had a productive week. We have experienced unprecedented sales in the first Quarter of 2023 and anticipate that this will be a year to remember as we head into the summer months – a time well-known for strong market activity across the UK.

If you are interested in investing in real estate, reply to this article to receive information on our latest hot developments.

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 61: Where Should You Be Investing Right Now?

– 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 Investors Have Seen More Than 100% Profit Since 2020 – The CEO of UAE real estate brokerage firm W Capital has recently announced that those property investors who risked investing in Dubai on or before the start of 2020 will now have profited over 100% from their initial capital output, thanks to the incredible v-shaped recovery of the Dubai housing market. This is particularly true, he says, for those who invested in premium real estate. The Dubai real estate market is currently enjoying a significant boost of activity from high-net-wealth foreigners who are looking for luxury living, state-of-the-art business facilities and an investor-friendly tax structure to protect their assets.

 

  • Foreign HNW Investors Increasingly Attracted to Dubai Real Estate – The latest data from Zoom Property Insights has revealed that three of the world’s most expensive properties were sold in Dubai last year, accounting for 30% of the total transactions in the luxury real estate segment & evidencing the strength and allure of the Dubai hyper-luxury real estate market. Every one of those properties sold was located in the stunning community of Palm Jumeirah, an area that has long held its place as the most popular choice for ultra-rich investors and HNWIs in Dubai.

     

  • Dubai Foreign Investment Spike Drives Demand for Golden Visa – Last week, the DLD reported a weekly real estate transaction count worth over AED10.1 billion ($2.8 billion), with details revealing that certain prime areas of Dubai experienced a significant rise in value last year. One example of this is Palm Jumeirah, which saw a doubling of its real estate value in 2022. This heightened popularity for UAE property has been in part due to the emirate’s reformed visa process in 2021, which made it easier for foreign residents to apply for a Golden Visa. Since November last year, more than 100,000 Golden Visas have been issued, signifying a 35% boost from earlier in 2022.

 

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

By Tobi Mancuso

Date: August 22, 2021

By Tobi Mancuso

Date: August 28, 2021

By Tobi Mancuso

Date: September 4, 2021

By Tobi Mancuso

Date: September 11, 2021

By Tobi Mancuso

Date: September 19, 2021

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.