Despite record sales of $60 billion, Dubai real estate enters a new era

Dubai’s real estate market has entered a new era of strong and sustainable growth, with sales exceeding AED217bn ($60bn) in the first seven months of 2023. A number of factors are contributing to the highest sales level in the emirate’s history, including:

-Dubai’s economy is growing at a healthy rate, which is creating jobs and attracting investment.
-A favorable investment climate: The UAE government has made it easier for foreign investors to buy property in Dubai, and this has boosted demand.
-A diverse range of investment options: Dubai offers a wide range of property investment options, from apartments and villas to commercial and retail space.
-A good rental yield: Dubai’s rental yields are among the highest in the world, making it an attractive investment for rental income.

RGEstate by Riveria Global, a leading real estate company in Dubai, believes that the emirate’s real estate market is entering a new era of growth. The company’s CEO said: “We are seeing a strong demand for property in Dubai from both local and international investors. This is being driven by the emirate’s strong economy, favorable investment climate, and diverse range of investment options.”

He also added that he expects Dubai’s real estate market to continue to grow in the coming years. Dubai is well positioned to become one of the world’s leading real estate investment hubs, according to him. The emirate has a number of advantages, including its strategic location, strong economy, and favorable investment climate.”

Here are some additional insights from RGEstate by Riveria Global on the Dubai real estate market:

-The strongest demand is coming from investors from India, China, and Russia.
-The most popular commercial and industrial investment areas are Dubai Investment Park, Jebel Ali Industrial, Dubai Industrial City, and Ras Al Khor.
-The average rental yield for a warehouse is 5-7%, and the average rental yield for labor camps is 3-5%.
-The average capital appreciation for property in Dubai is 4-5% per year.

Overall, the Dubai real estate market is in a strong position and is poised for continued growth in the coming years. If you are considering investing in real estate, Dubai is a good option to consider.

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