I hope you’ve had a great and productive week! We are having lots of fun this week on a sourcing expedition finding new products for you to choose from for your investment journey.
Every product on our portfolio is unique, hand-picked by us to provide a broad range of properties to choose from and we are always available for a chat if you are wondering how we might be able to help 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.
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Property News This Week
Dubai Property Market Broke 12-Year Record in 2021 – Property Finder has revealed that Dubai achieved phenomenal sales transactions in 2021, breaking its 12-year sales record to the tune of $41.1bn (ADE151.07billion.) Nearly 50% of properties bought were off-plan, with the government backing world-class developers to finish grand-scale projects. Expo 2020 had a part to play in the success from October 21, drawing massive interest from buyers from around the world and totalling 17,942 real estate transactions, making it the highest performing quarter for eight years running. From all evidence so far, it appears that interest in Dubai property will remain high well into 2022. Because prices will continue to rise as supply falls, and yet remain relatively low in comparison to similar quality residences in other countries, now is a very good time to invest in Dubai.
- Hyper-Luxury Dubai Penthouse ‘Atlantis’ Going for $49M – Those shopping around for a home or a holiday in Dubai will be left with serious hunger pangs when they see the latest addition to the spectacular community of Palm Jumeirah. The Atlantis is a sumptuous development featuring a jaw-dropping selection of first-class hotel rooms, premium residences and decadent suites. The crown jewel among them fetches a cool $49M asking price: the five-bed penthouse triplex Royal Resort & Residences, which comes with its own infinity pool and sun deck, 90 metres above the ground. With the finest materials and incredible design, the Royal Resort & Residences will be a dream come true. Visitors will be stunned by the breathtaking views across Palm Island and the Arabian Gulf as they enjoy the many perks of this unique residence, like the private lounge, white-sand beach and access to five-star amenities.
- Recovery is Strong for Dubai Property Market – There have been many factors facilitating Dubai’s exponential market recovery since the crash of 2008, and the last year has seen a dramatic return to form for this unique city. A combination of positive changes to government lending policies and the return of foreign investor interest, propelled by fast responses to the pandemic are all crucial factors in driving the market recovery. The Zoom Property Insights has remarked on the steady rise in rents for apartments and healthy growth for villas last year, where the affordable apartments Jumeirah Village Circle were still the most favoured by tenants. JVC offer exceptional quality of living with a host of luxury facilities available for residents.
- Dubai Property Market Predicted to Grow in 2022 – It is no secret that in the past two years, the Dubai property market has seen a pronounced boom, creating the much-talked-about v-shaped recovery covered by many property news articles. It appears that Dubai’s incredible growth will now be continuing in 2022, with factors such as reduced supply, coupled with sustained buyer interest from overseas and attractively low interest rates creating an atmosphere of healthy price growth. The government has also done its part by actively encouraging overseas investors with a host of incentives such as the golden visa scheme, and cash incentives for developers when they complete their projects.
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.