DUBAI IS THE POST-PANDEMIC INVESTMENT DESTINATION

Investors are looking at Dubai properties in greater numbers than ever before. Real estate investment has emerged as the easiest route to obtain a residency visa in the United Arab Emirates.

Since the pandemic, interest in Dubai real estate has only grown – the number of real estate transactions increased by 15% in Q1 2020 compared to Q1 2019.

For the quarter, the total sales value of Dubai homes reached 21 billion AED.

INVEST IN DUBAI

Since the pandemic began, investors have shown varying preferences when looking for homes in Dubai. Some buyers are drawn to Palm Jumeirah, Marina, and Downtown because of the grandeur and exclusivity they are accustomed to.
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Most people have indicated a preference for the best available options. If all the trappings and accoutrements are in place, the budget is not a constraint. Investors seeking a high return on investment, on the other hand, prefer locations such as Jumeirah Village Circle, Dubai Marina, Dubai Creek Harbour, Meydan, and Dubai Hills Estate. These locations provide very good returns on investment, and the entry price is also very low.

Another demand variant is in terms of housing typology, which primarily consists of apartments or villas. Family structure is important; newlywed couples prefer apartments, while larger families prefer independent villas.

Since the pandemic has changed the way offices and schools operate, there has been an increase in demand for larger-sized homes. Existing homeowners in Dubai are increasingly upgrading from standard three-bedroom homes to more spacious 3.5BHK options that offer greater flexibility.

GOVERNMENT-BACKED METROPLOLIS

In many ways, the real draw of Dubai is the way it is run. The proactive nature of its rulers and the UAE government has ensured that the city is always appealing to investors.

Dubai’s business activity is rapidly approaching pre-pandemic levels, thanks to a rebound in tourism and rapid distribution of vaccines. 74 percent of the eligible population has been vaccinated successfully, and it appears that the goal of 100 percent vaccination will be met by the end of 2021.

The government has provided significant impetus by enacting significant changes to company ownership and visa laws. Dubai now allows businesses to be owned entirely by foreigners without the need for a local partner. The Golden Visa program has been a veritable magnet for those seeking residency in the UAE.

With these changes, Dubai has reopened its doors to the rest of the world while assuring the health and safety of all who live and work there.

INVESTOR PARADISE

Rental yields in Dubai range from 4 to 8 percent, which is unheard of in many mature markets. In Dubai, a million dollars can buy significantly more real estate space than in most other cosmopolitan cities such as Mumbai, Shanghai, London, Singapore, and Monaco.

In addition, the real estate market in Dubai is highly regulated. A strictly enforced Real Estate Regulation Authority protects investors and holds developers accountable. This is currently a far more transparent and compliance-oriented market than any of its Indian counterparts, which gives real estate investors considerable comfort.

With supply being highly regulated since the pandemic, the increase in demand will keep property prices on the rise for the foreseeable future.

WHY DUBAI, UAE

Dubai has always been a dream destination. This world-class city’s quality of life is comparable to that of any of its top global counterparts. Following the Covid Lockdowns, many people have been considering Dubai as a second home. The similarities between cultures and cuisines add to the overall appeal.