Property prices and rentals around areas connected to Dubai Metro's Route 2020 will be more resilient compared to the wider market, according to property analysts and industry executives. They believe that rates will rise in the medium to long term but not in the short term due to oversupply in the market.
Excess supply is the result of the flurry of construction in Dubai in the run up to Expo 2020. Conservative financial policies and strong liquidity will remain a credit strength for the UAE real estate companies while their operating environment continue to deteriorate as the economy slows on oil price decline and coronavirus effects.
You will have a lot of choice when renting in Dubai. The city offers many great options and world-class amenities to meet every tenant’s needs, taste and budget. However, it is of course best to pick an apartment or villa with care from the outset.
What to Check Before Signing a Tenancy Contract
1. Ensure that your real estate agent is RERA registered. They should be able to provide you with their broker number……….
Considering all the rental options available these days, some residents are able to maintain their lifestyle, even with a tighter budget.
Buying real estate is not only about finding a place to call home. Investing in real estate (property) has become increasingly popular over the last 50 years and has become a common investment method.
Sales of villas and apartments in Dubai have increased following the easing of COVID-19 related lockdowns, and if you are a cash buyer, now might be the time to invest in real estate.
The UAE's real estate sector became more transparent as both Dubai and Abu Dhabi introduced fresh measures, improving their global ranking as well as maintaining their top regional position in the Mena region.
Stability is returning to Dubai’s property market, with month-on-month sale transactions in June growing by more than 60 per cent as buyers took advantage of lower prices.
Dubai should be the 'first city of choice' for the investors and all the stakeholders in the economy are working towards that, this was positive message sent by the top real estate players at the unveiling of Invest in Dubai on Tuesday.
