Latest Price Trends in Real Estate Dubai

It is almost impossible to describe the true worth of real estate Dubai. The factors that the region is gifted with makes real estate Dubai surge ahead of all other competitors. Real estate Dubai has seen investors from across the world clamoring for a toehold in this magnetic boomtown. The accomplishments of real estate Dubai has made dream living real. A driving force behind real estate Dubai is billion dollar investments by the biggest multi-national companies in the international property market. The city of Dubai is now brimming with rich individuals and companies. But what is surprising is the price trend of real estate Dubai, which compared to worldwide inflationary effects, is relatively stable. No doubt price in real estate Dubai has jumped higher than in the recent past, yet real estate Dubai and its immensely profitable returns make people to take the plunge without much ado.

A recent survey has proven that real estate Dubai offers greater worth for money than other leading real estate nations like London. State-of-the-art infrastructure combined with good transport links come together with real estate Dubai. The rising trajectory of real estate Dubai is not affected by any surge in price. The rise in prices of real estate Dubai is balanced by a low rate of interest and the absence of any local, corporate or sales tax. The current rate of 10-15% per annum return on real estate Dubai is expected to continue in the coming future. The strength of real estate Dubai is further evidenced by rental yields in excess of 10%. With the economy riding on the back of a double-digit economy, it will be hard for the market to register a collapse.

The economic development of Dubai has seen a rise in the payroll of workers. This rise has led to the demand of luxury of homes which in turn has led to rise in prices. This wage and price spiral spells very well for real estate Dubai. As for migrated citizens, the rise in price won’t be a matter of concern because they mostly belong to countries with much higher property prices. Sales in real estate Dubai is currently dominated more by short-term investors than end-users.

Though real estate Dubai faces major problems because of construction price inflation, they can be warded off to some extent with safeguards. Moreover, Dubai’s Real Estate Regulatory Authority (Rera) has plans to introduce a comprehensive price survey that is set to ensure pricing to be more transparent. According to the HPI index report the high residential rates in Dubai is averaging at Dh.950 per square foot which is ultimately more cost-effective for end-users in Dubai. Further, the dirham has been on the decline in value, as compared to other global currencies. This has all the more made real estate Dubai attractive for investors. The report also states that surging construction costs will cause rise of sales price by roughly 18 to 20 percent in real estate Dubai. Thus, fluctuations such as those in oil prices are least likely to affect real estate Dubai. In fact, the rise in oil prices will only to lead further growth in realty sector of Dubai.

Hottest Dubai property news

If you want to explore more about your Dubai property investments then Dubai real estate market fetches you a good deal. The real estate market in Dubai has recently changed as the government is regularly updating the policies for Dubai property investors here in this city. The sale of Dubai property is booming up and got entered into a new era and if we look at the latest figures the UAE has seen a massive surge in land sales. Earlier, Dubai property was initially grouped under three specific government owned entities – Emaar properties, Nakheel and Dubai Holding. Recently a law has been made and as per the law the Dubai property now has legal freehold ownership. Moreover, this is a very important point for everybody to consider as you need to be sure of all your Dubai property buying decisions. Today, this city of UAE has become a hub for Dubai property related investments thus; attract various foreign investors to put in their hard earned money in Dubai property. According to the UAE Foreign Trade Minister the real estate boom that the UAE market is currently featuring is going to increase further as it has become one of the prime Dubai property investment platforms.

There are many reasons associated with the sudden rise of Dubai property market but one of the important reasons behind this is that the Dubai property laws allow freehold ownership and now the owners can buy or sell out their property whenever they want to. In addition to this, another reason that can be considered is the presence of various multinational companies. This in turn has created hot jobs in Dubai thus; we can see a terrible rise in Dubai property market. This has increased the demand for both rented and owned Dubai property. In addition to this if we look at the complete procedure then it is quiet simple and requires a minimal paperwork. The involvement of government in Dubai property has been great in recent years as it has revealed out their well thought plans about the development of the entire real estate market. This comes as great news for Dubai property investors investing in now as they are able to see a significant growth in terms of raise in their Dubai property value. According to the latest figures the emirate project is estimated to exceed Dhs.1.2 trillion. Moreover, the volume of sales of Dubai property in Abu Dhabi has risen for past few years. Similarly, if we talk about various residential properties in Dubai, KG Tower is a residential complex in Dubai real estate market located at the entrance of Dubai Marina. This 18 storey building has a total of 66 luxurious apartments and this is the best Dubai property in terms of its spectacular view.

From the investment point of view Dubai Marina also sounds good as Bay Central is beautifully located in the heart of Dubai Marina. It consists of three well structured towers one turning into a hotel and the other ones into luxurious apartments. Let’s talk about the waterfront penthouse in Dubai. This Dubai Property is again located in Dubai Marina. This kind of Dubai property is primarily focused on the high income segment. This has turned Dubai property into a great investment plan. In addition to this a strong segment of high end workers are getting involved in Dubai property dealings. Thus, if you are really interested in and sure of your Dubai property investment plans then there is lot more waiting for you to explore. As an investor you can indulge yourself in many such Dubai property projects but you need to find the one that suits you the best.