CategoriesWeekly News

I hope you have had a productive week. This week, we have been discussing what kind of information investors really need to have when investing in a Dubai property.

A lack of knowledge regarding the location and market performance of Dubai can be enough to deter many investors from exploring options to truly diversify their portfolios.

If this sounds like you, please get in touch with us. Track Capital has access to all the latest reports, statistics and resources to help you choose the best Dubai product for you.

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 having to click through.

Episode 38 – Staff FAQ’s – What is Help to Invest??? – 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 News This Week

  • Dubai’s Upward Property Trend to Continue in 2022 –  Last year, Dubai’s real estate market experienced a dramatic V-shaped recovery in the midst of the pandemic, with a staggering record of 84,772 transactions worth Dh300 billion taking place. According to the Dubai Land Department, this unprecedented growth is predicted to continue to accelerate well into 2022. With a host of promising new real estate projects being launched and the government’s continued high focus on smooth infrastructure and enhanced quality of living, Dubai is likely to become even more popular as a choice for both living and investing. For investors considering Dubai, the DLD is busy updating its mobile app DubaiRest to allow users to get the most up-to-date reports on the Dubai property market.

 

  • Dubai Winner of the Travelers’ Choice Awards for 2022 – In just the first three weeks of January, Dubai has already got off to a remarkably good start as it is revealed the winner of TripAdvisor’s “Travellers’ Choice Awards for 2022”. Dubai has been voted top of the list of most popular destinations in the world in 2022, which comes after its resounding success in attracting overseas visitors last year despite the challenges of the pandemic. Every sector of tourism has given Dubai excellent reviews, marking it as the world’s best travel destination. This is no surprise, as the effort of Dubai’s government to create the perfect environment for both long and short-term tourism has not gone unnoticed across the world.

 

  • Dubai Luxury Property Market Third Strongest in World 2021 – Savills has reported that in 2021, Dubai was bested only by Miami and Los Angeles for luxury property price growth among cities globally. The second half of last year in particular sparked major growth in the Dubai luxury property market as a range of factors came together to create the perfect storm for an overall capital growth of 6.9%. Expo 2020, a strong vaccination program, positive changes to real estate policies and demand outweighing supply are all noted as contributors to Dubai’s shocking recovery. As the effects of the pandemic continue to fade, 2022 is expected to bring a further gain of +4 to 5.9% capital growth to Dubai.

 

  • How Did Dubai’s Property Market Reach Record-Breaking Proportions? – The Managing Director of MortgageFinder has commented that Dubai’s handling of the pandemic and lifting of restrictions have resulted in a visible upward trend in the Dubai mortgage sector. With Expo 2020 enticing more people into the country and LTV mortgage rates falling, the number of people in the market and affordability have both increased. These, combined with attractively low mortgage rates, have allowed mortgage applications to flow freely, particularly for first-time buyers.

 

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.

members of the property ombudsman scheme

Access Our Range Of Property Deals

Property Form