The sales of upscale properties in Dubai are expected to witness significant growth in 2022, driven by heightened interest from foreign investors due to favorable factors like high oil prices encouraging investments in the GCC region. Additionally, Dubai’s image as a safe haven amidst geopolitical upheaval is further strengthening the market. Notably, popular locations such as
The Palm Jumeirah, Jumeirah Bay, District 1, and Dubai Hills experienced a substantial price increase of 35.1% per square foot.
The Palm Jumeirah, Jumeirah Bay, District 1, and Dubai Hills.
Key Drivers of Dubai’s Real Estate Boom
- 1. Limited availability of prestigious properties in sought-after locations.
- 2. Attractive and affordable mortgage rates.
- 3. Growing interest from international investors.
- 4. Favorable visa reforms.
- 5. Pro-foreigner policies.
- 6. Strong potential for attractive financial returns.
