5 Reasons to Buy Property in Dubai Now in 2022
Many expats and foreigners had chosen Dubai as the best property investment destination in previous years. But, is this a good time to invest in properties for sale in Dubai?
While the sure answer is yes, I invite you to read the rest of this text and find the logical reasons people like to buy property in Dubai.
Why should you buy a property in Dubai?
As I said before, Dubai is a perfect destination if you have some money and want to make a profitable investment. Let’s go through different reasons which attract more investors to choose Dubai properties.
1. Pandemic-related property flux ease
After the development of Covid-19 vaccine, recovery of the economy is in sight. Based on expert news, it will cause a 40-percent growth for the real estate segment. And that is good news for real estate investors in the UAE.
If I want to make it simple, this time is a perfect choice to buy properties in Dubai because the valuations are attractive, and prices are at the lowest!
2. UAE property now more attractive
If you are looking for the most attractive global investment hubs in the Middle East, Dubai and Abu Dhabi are the best choices.
The best point is that Dubai’s affordability is much better than other main cities. Also, I have to mention that the UBS Global Real Estate Bubble Index named Dubai as ‘fair valued’ in comparison to other cities like Newyork, London, or Paris.
3. UAE is globally famous and trusted now
Dubai is a destination for every investor now. For example, Indians ranked 1st in the list of investors in the Dubai real estate market last year, according to official figures released last week. Based on the Dubai Land Department (DLD) records, about 5,246 Indians have invested in properties for sale in Dubai.
Also, there is a great number of Saudi investors about 2,198, who have invested in Dubai properties. The next level is for Chinese investors around 2,096 number followed by the UK with 2,088. In the sixth level are Pakistanis with 1,913 investors followed by Egypt (955), Jordan (855), the US (682), and Canada (678).
4. All things in buyer’s favor now
You will experience a win-win situation if you buy any property in Dubai. That is because of Higher LTVs (loan to value), low mortgage interest rates, attractive valuations as well as reduced service charges.
While Dubai had a bad situation with uncertainty about job prospects, job losses, salary cuts, and tightening of credit standards in the past, they try to witness buyer appetite as economic conditions ease. For example, they improve clarity on cash flow for the near to mid-term future and cause a market rebound.
5. It is a buyer’s market now
Also, there are some items that cause the current UAE real estate section to be a buyer-friendly market:
- Low mortgage interest rates
- Higher loan to value ratio
- Affordable property sales prices
- Reduced service charges
- Attractive price valuations
- Developer incentives including service free appliances, fee waivers, and a lot more…
So, if you have some extra money and like to make a profitable investment in Dubai, now is the best time. Here, we collected a professional team who leads you to the best decision. Also, you can check out the dxboffplan site to find your favorite apartments, villas, land, and townhouses for sale in Dubai.