If you are wondering whether it is safe to invest in properties in Dubai, we have some encouraging facts for you to consider. Bayut has shortlisted three key points that will restore your faith in the real estate market of Dubai for good.
Government’s generosity towards infrastructure
Despite the Expo 2020 still being four years away, the government’s commitment to infrastructure spending to improve the city’s outlook and facilities for the mega event is a clear indication of the bright future the emirate is heading towards. Projects such as Route Metro 2020 and Dubai Parks & Resorts are expected to provide greater access and amenities to the emirate’s remote areas and the developments will eventually help push real estate prices in these areas upwards. The rapid development in Dubai’s suburbs is already attracting investors to these areas and the interest is likely to grow stronger in the coming years.
Supply according to demand
Another factor that is helping Dubai’s real estate market hold its ground is the calculated supply of units. The developers are timing project delivery in accordance with unit demand in the market, helping the demand and supply forces strike a delicate balance.
Dubai’s residential real estate market has always attracted commendable interest from investors around the world, especially from strong liquid markets such as Saudi Arabia, Pakistan and India. India and Pakistani markets are of special consideration. Though improving economies in both countries are bringing widespread affluence, investors in the two nations find lucrative residential spaces few and far between, making Dubai a natural investment destination.
Thanks to its superior infrastructure, capital value gains and high rental yields, Dubai continues to attract South Asian investors, who continue to feature among the top three foreign investors in Dubai’s real estate sector.
These were the top three factors that are expected to keep the market buoyant in the future. If you have any views on the matter or any related information you want to share, please leave your comments below.