I hope you have had a pleasant week. At Track Capital, we have been delighted at the overwhelmingly positive response our new Dubai products have been receiving from our clients.
With so much going on across the globe, investors are becoming more open to new and emerging markets, with Dubai being a prime example of spring-loaded market potential.
If you are interested in learning more about the unique opportunities presented in Dubai property investment, reply to this post.
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
- Dubai Global Launched to Attract Investments & Open New Markets –
An initiative titled “Dubai Global” has recently been launched by the Crowned Prince of Dubai and Chairman of the Executive Council, with plans to create an integrated network that comprises 50 commercial promotion offices for Dubai across the world. The network will work in conjunction with both government and semi-government agencies and will operate as part of Dubai Chambers. As well as drawing investors, skilled workers and companies, the initiative aims to solidify Dubai’s status as one of the best business centres in the world. It will also support local companies by providing cutting-edge infrastructure and logistical solutions. The initiative will bring fresh opportunities for Dubai-based companies, opening up doorways to a global network of fresh economic and commercial prospects.
- Expo 2020 Paths the Way for an Evolving Real Estate Landscape – Expo 2020 was one of the most highly anticipated international festivals to burst onto the scene as the world recovered from the pandemic. With over 24 million recorded visitors in six months, the real estate industry quickly saw a significant uptick in both sales and rentals, with high-quality short-term lettings doing particularly well. In order to accommodate this growing need, developers hit the ground running, developing more properties to fill the growing demand. Data collected from areas that have hosted a mega-event in the past reveals that the biggest increases in property prices occur within five years of the event. Property Monitor’s recent market report shows that the average property value in Dubai is now at its highest level since January 2019. With 12,119 transactions being recorded year-to-date, coming in at a 17.7% increase from 2017, it is clear that Dubai’s plan to recovery is already a profound success.
- JLL Index Reveals Dubai Property Sector Most Transparent in MENA – According to JLL’s recent Global Real Estate Transparent Index, the property sector in Dubai has been named the most transparent in the Middle East and North Africa region. The Index is a crucial guide used for cross-border investment and corporate occupiers to inform their decision making. Dubai is the only city in the region to enter the tier for transparency and marks the first time Dubai has ever been on the list, which measures the openness of making information in property transactions and analyses AML measures across sales transactions. Dubai’s advancement among the ranks of this prestigious global index demonstrates the government’s ambition and drive to improve digital services and data provisions for both businesses and individuals, determined to improve regulations and build an effortless, sustainable system.
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.