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Why Is This the Best Time to Invest in the Dubai Property Market?

The recent surveys indicate that the Dubai house prices will rise to  2.5% in 2022 and a steady residential property market for a couple of years. This modest rise in prices means affordability and sustainable growth. Based on Shilpa DK, CEO of Arqonz.com claims this is the best time to buy a property in Dubai because the property worth in Dubai will steadily appreciate by 2023-24. If you want to know more about the best time to invest in the Dubai property market, continue reading.

Why this is the best time to invest in Dubai property market

How is the Dubai property market in 2022?

At the beginning of 2022, we faced an expansion in demand, like what happened in 2015. This year many buyers ask for a property for sale in Downtown Dubai, Business Bay, Palm Jumeirah, and Dubai Marina. Also, the demand for off-plan real estate has heightened. The demand for villas is more than the apartments, and more developers are encouraged to implement new projects. We predict the market to be busy until the end of Expo 2020.

The statistics show the deals in Dubai decreased by 8.8% to 51,330 units in 2020. That was because of the negative effects of the international crisis associated with the Covid-19 pandemic. Most predictors believe that the Dubai property market sales rate will be record-breaking in 2022. There are great building plans in 2022 in the UAE, such as 53,000 units in Dubai and 15,000 units in Abu Dhabi.

Why this is the best time to invest in Dubai property market

The development of the Dubai real estate market in 2022

As you know, there are many famous developers in the UAE that start great projects each year. The Head of Real Estate Research at ValuStrat Consultancy – Haider Tuaima, predicts that they will deliver 50,000 to 60,000 housing units in 2022. Also, some of the Dubai leading developers like Emaar and DAMAC have projected special packages to attract more clients and investors this year. The packages such as Dubai Land Department registration fee waivers or flexible payment schemes increase the sales of properties in Dubai. Also, we predict that the Dubai developers continue to explore inducements to draw more buyers in 2022.

Why buy a property for sale in Dubai in 2022?

Finally, 2022 will be another prosperous period for the Dubai Real Estate Market. Despite the emergence of COVID-19 variants, we predict a rising trend because of the strategic government initiatives, visa reforms, and resilient economy that will attract more global investors.

 

Conclusion:

As you can read in the above text, this year is a great time to invest in the Dubai real estate market. So, if you have extra money, do not lose this investment chance. We are here to help you find the best option based on your preferred situation. Contact the dxboffplan team online whenever you like through the 24 hours of the day, and we will help you freely.

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