Articles
Dubai Trends 2018: Real Estate Sector
by Rubina Ali webdesignerIf
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.
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About Rubina Ali 
webdesigner
0 connections, 0 recommendations, 11 honor points.Joined APSense since, July 20th, 2018, From mumbai, India.
Created on Aug 27th 2018 01:23. Viewed 673 times.
