The Dubai Real Estate Houses Boom Is Approaching


Dubai property like real estate houses are now gaining ground when indications comparing the performance of last year and the current year are showing signs of a coming surge. Back in June this year, there was a transaction growth which saw an increase of over 25% based on the report by the Dubai Land Department. Four positive factors are driving the property sector of Dubai up. A stabilizing UAE economy, the slowdown of market corrections, the boost of foreign investment and the needed increase of residential housing supply. Right now, the signs of growth is steadily rising and by next year the surge will come and bring about the boom. If you want to know how the four positive factors will continue to impact the growth, just read on.

The Stability of UAE Economy

Real estate homes property especially the apartment rental market is leading the slight growth at the moment. What brought a stable UAE economy is no longer due to dependence on global high oil prices but through other means. UAE is no longer relying on the outcome of its oil industry and indications are showing the economy is moving away from its main commodity. Dubai for one is now a prime destination for tourists, top global real estate investment location, technological hub of the Middle East, and the main source of international business and construction industries. 

Market Corrections Slowing Down

Side by side with the stabilizing economy is the setting down of market corrections. It is expected to finally halt anytime in the following years and will result to helping the economy rise by several more percentage. The adjustments done to the market is a sign that the economy is now growing mature and will result to a more confident and reliable market.

The Foreign Investment Boost

Dubai is now experiencing a positive surge of overseas investments from rich property tycoons from Saudi Arabia, China and India. This is because Dubai is offering far better property value compared to the competition. Dubai is currently the world’s second property investment destination just behind the US.

Residential Housing Supply Increase

More houses are now under development including Dubai cheap houses. This means it will be able to supply more of the projected demand and accommodate the growing population. It is predicted that 25 million additional visitors will be staying in the city due to the nearing Expo 2020. An increase in population also means a way better economy for Dubai.

Established in 2012, Zawaya Property is a Dubai-based real estate company offering integrated property management solutions based on extensive experience in Islamic real estate. Visit Zawaya Property and take a look of its AED five billion property portfolio across the emirate of Dubai, including one of the UAE’s largest Islamic endowment property portfolios, or Waqf.

     
 
Tags: real estate houses, real estate homes, Dubai cheap houses


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