At present, thanks to the gradual relaxation of epidemic prevention and control measures in various countries and the global geopolitical changes, Dubai's real estate industry has developed strongly, with its monthly sales hitting new highs. In the first half of 2022, the real estate sales of Dubai will reach 114.2 billion dirhams, which is expected to exceed 230 billion dirhams in the whole year, a significant increase compared with the sales of 150 billion dirhams in 2021.

According to Walid Zarooni, an expert in Dubai's real estate industry and the author of the book "The Secret of Smart Real Estate Investors", Dubai's real estate is popular with global investors mainly due to six factors.

First, the economy grew strongly. In the general environment of sluggish global economy, the United Arab Emirates has shown a good economic performance. Both oil and non oil industries have recovered strongly after the epidemic has been effectively controlled, which has enhanced the confidence of global capital to invest in Dubai's real estate industry.

Second, security and political stability. Zarooni said that, as one of the safest countries in the world, the stable political situation and good social security of the United Arab Emirates are valued by investors. Compared with other real estate markets, Dubai has two characteristics: market vitality and investment risk avoidance. Especially in the context of the rapidly changing international and regional situations, stability and security are important factors for Dubai to become a hot investment market in global real estate.

Third, the sustained "Expo" effect. Zarooni pointed out that although the "Dubai World Expo 2020" has been closed for several months, Dubai is still enjoying the fruitful results of hosting the World Expo. The six-month World Expo has injected strong development momentum into Dubai's tourism, real estate and financial industries, and has successfully attracted a large number of foreign direct investment to Dubai. The Dubai government has introduced a series of new business and residential concepts through the World Expo, which have won the favor of investors.

Fourth, good return on investment. Zarooni said that achieving a good return is the most important goal for investors. There is no doubt that investing in Dubai's real estate industry can obtain the best industry return in the region, and the return on investment of 6% - 9% is among the best in the world. At present, the real estate market in Dubai and Abu Dhabi has become a haven for global capital, and in the foreseeable future, the real estate industry in the United Arab Emirates will be more dynamic.

Fifth, the market demand has increased. On the one hand, thanks to the adjustment of the visa policy of the UAE government and the increased efforts to introduce talents, a large number of professionals and investors from all over the world have chosen to settle in Dubai, which has greatly increased the market demand, and many high-end real estate projects even have a hot situation that a house is hard to find. In addition, the COVID-19 has changed some concepts of consumers. Home office and distance education have made the upgrading of living conditions a strong driving force for market development. During the epidemic, the sales of Dubai villas increased significantly.

Sixth, high-quality infrastructure. Dubai's infrastructure and services are leading in the world. Convenient life and comfortable experience are one of the important factors that attract investors to choose to buy real estate in Dubai. In addition, Dubai, as an international aviation hub, has created unique convenient conditions for global capital to land in Dubai.

Zarooni said that the real estate industry in Dubai is ushering in the best period of the market. In the first two weeks of July alone, it achieved a sales volume of 11 billion dirhams, which is equivalent to the sales volume in July 2021 and 2.5 times that in July 2020. There is no doubt that Dubai's real estate industry will achieve a record growth in 2022, and the good market expectation will also drive the whole Dubai economy to develop well. (Wang Junpeng, reporter of Economic Daily in Abu Dhabi)