Market Insights

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Emirates recorded 30% surge in the prevalence of luxury Real Estate properties

According to the Latest Property Insights, the sales of luxury properties in Dubai will increase significantly in 2022, boosted by a spike in interest from foreign investors as high oil prices will actively encourage investments in the GCC region,

while geopolitical upheaval will reinforce Dubai’s image as a safe refuge and will further help in expanding the market. The real estate market had a significant price increase of 35.1% per sq foot, particularly in popular locations like

 The Palm Jumeirah, Jumeirah Bay, District 1, and Dubai Hills.    

Primary causes of Dubai’s real estate boom 

  • Limited fraction of propositions, particularly in areas of excellent reputation and value.   
  • Low or affordable mortgage rates.  
  • Interest from foreign investors.  
  • Visa-reforms.
  • Policies favoring foreigners.
  • Strong potential for financial gains.  
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