Dubai Trends 2018: Real Estate Sector

by Rubina Ali webdesigner

If you are on the lookout to purchase dubai properties, it is important to know the best Dubai Real Estate trends. So, let’s understand the significant trends below!



US Dollar Weakness

       Currently the status of the US dollar is weak and it presents purchasing opportunities for the international investors.

       Dubai is now becoming more and more connected in terms of transport due to technological facilities and innovation.

     This invites a lot of foreign investment and in turn Dubai Real Estate property market will benefit.




Global Property Price Trends


  In the year 2017, Global property prices has increased by 2.1 percent.

   That is an increase of 1.6 percent as compared to the previous year.

   However, oversupply in Dubai has softened the prices by 5 percent currently.


Volatile market but improving

 Though the Dubai market has always been known to be comparatively volatile, nowadays the market does seem to be maturing.

       Performance has improved massively over the previous years.

       The sentiment is encouraging, with the impact specifically being on the borrowing or the caps on loan payments. Also, falling oil prices have started to reduce.


Chinese Investment

    This is another thing that has affected the trend to buy property in Dubai.

    The Dubai market has currently drawn considerable Chinese investment such that the country now ranks sixth-highest for inbound property investment.

      As per the recent report of May, it has been the eighth-highest. It is indeed a policy shift which grants the Chinese nationals visas on arrival in Dubai.

       This has in turn enhanced the connectivity. This is signified by direct flights from Dubai to 13 Chinese cities.


U.S access

       Another important trend is the direct access from U.S to Dubai. It is available from 12 US cities.

   This has also in turn led to an increase in tourism and more increased investment from the US nationals.

       There are more buying opportunities for U.S citizens because of the current weakness of the US dollar. Against the dollar the dirham is pegged. So, it is a great situation for International investors.

Currently, the UAE government is committed to enhance the local economy along with the recent visa and foreign ownership changes. This will certainly be advantageous to the Dubai property prices including villas and flats in Dubai in the long run. Forty three per cent of the 2018 budget has been earmarked in order to enhance crucial sectors such as infrastructure and transport, as well as public services and the development of a knowledge-based economy. This commitment will very likely culminate in holistic economic stimulation and development in the property market.

 Share this article & your thoughts with us in the comments below!

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About Rubina Ali Junior   webdesigner

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Joined APSense since, July 20th, 2018, From mumbai, India.

Created on Aug 27th 2018 01:23. Viewed 673 times.


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