While its growth has been steady over the years, Dubai Real Estate, especially its prime residential market, is expected to experience its strongest growth this 2023. The UAE Ministry of Economy said that “Foreign Direct Investments (FDI) into the United Arab Emirates achieved a growth of 4% during the year 2021 compared to 2020 – reaching $20.7 billion – despite the repercussions of the COVID-19 pandemic that has cast a shadow on the volume of investment, trade and world economies. The cumulative balance of the FDI inflow increased, amounting to about $171.6 billion. The UAE has signed with its trading partners approximately 106 agreements to protect and encourage investments.”
There were also projections that there will be strong demand for high-end properties and that the price of luxury property Dubai will be higher than the prices in 2021.
The real estate industry will continue to benefit from the positive effects of the foreign ownership and visa policies, as well as the legacy of Expo 2020 which brought millions of guests and potential investors to the emirate.
If you’re planning on investing in real estate properties, here are some things you might consider adding to your goals:
Develop a clear system for managing properties
Investing in or owning several real estate properties means that you are responsible for their upkeep. As the number of your properties increases, management will become more challenging. To make sure that the value of your apartments for rent in Downtown Dubai doesn’t depreciate, you need to ensure that the property is well-maintained. Develop a system for collecting payments and addressing various client concerns. If you can’t handle these on your own, consider hiring a property manager who can help.
Have a better understanding of your market
Whether it’s a 1 bedroom apartment for rent in Dubai Silicon Oasis or a luxury villa, investing in a property is costly. Before acquiring any property, it’s best to understand current market trends that may affect your investment. When needed, seek professional advice to get a better understanding of market trends and projections, so you can make guided decisions on which property to invest in. For example, the value of properties in Dubai, including townhouses for sale in Dubai, is expected to increase in the next two years, so it may be ideal to invest in a property now before its value increases.
Whether you need help in acquiring a property in Dubai or expert advice on investing in properties in the city, you can count on our experts from Rocky Real Estate.
We have a team of more than 300 qualified, trained, and experienced personnel whose knowledge and understanding of the nuances & intricacies of this market can help find the ideal property for you.