Dubai real estate information: Dubai's real estate will attract a large number of international investors in 2022
The real estate market in Dubai has obviously rebounded from the low point in 2021, and transactions in high-end and super high-end communities are still breaking records.
As local and overseas investors realize the huge potential of the housing market, this trend is more obvious in areas outside the planning.
The number of high-end projects launched this year has brought new impetus to the market. The buyers include both local buyers and global investors from key locations such as Monaco, Switzerland and China.
Similarly, international well-known hotel brands are emerging in the market at an unprecedented rate.
We witnessed the arrival of some global famous brands, including St Regis Downtown。
The rise in the price of second-hand housing market is one of the key reasons for the return of forward housing.
The main factors contributing to the rise of second-hand housing market transactions include:
Government initiatives - due to its strong support for enterprise and economic reform, as well as a strict vaccination campaign, the demand for secondary sectors continues to soar.
Increase in loan to value ratio - buyers only need to pay 20% down payment, and owning a property in Dubai is an affordable and trouble free thing.
Low interest rate - flexible financing scheme encourages buyers and investors.
However, due to the above reasons, the secondary market began to take off, especially in high-end communities such as Palm Jumeirah, Dubai Hills Estate and the city center.
This price rise in turn has aroused investors' interest in the forward housing market. Buyers prefer a new, usually hotel style apartment rather than second-hand housing.
In addition, compared with second-hand housing, it is much cheaper to invest in new projects and upcoming projects because developers provide flexible payment plans.
The price rise in the second-hand housing market has undoubtedly triggered the domino effect, leading to an increase in demand for forward housing projects.
The needs of buyers vary greatly, and developers are also racing to catch up.
Some buyers want a penthouse facing the sea, while others want a green townhouse in a residential area suitable for families.
It is worth noting that Dubai's traffic is not all one-way. Investors and end-users both have it. They believe that Dubai is a place with a long-term future.
Some people say that there is a foam in Dubai's real estate industry, while others believe that the market has finally realized its real potential.
However, the fact is that Dubai's real estate market has been undervalued - until now, the market is beginning to approach its peak.
Although we are still some way from the peak data in 2014, the market is stabilizing today.
With the restoration of investor confidence, Dubai is regarded as a destination where people want to live, work and enjoy their lives. A large number of new development projects have proved the resilience of this city in the face of a global pandemic.