Blog Description

Dubai is becoming the first choice of middle-aged and young residents who intend to stay in Dubai for the long term and are considering buying properties rather than renting them.

The Growing Demand for Property

The real-estate market is exponentially growing which led to experiencing the trends as salaried people are investing in their 20s, 30s, and 40s against inflation. The increasing demand has led to quickly selling out of projects in a day only. There are a few projects that were fully sold on the launch day. The major developers in Dubai are selling out fast and are focused on building the secondary market.

Attractive Factors for Property Purchase

The residents are attracted to buying due to the flexible payment plan and luxurious properties with incredible amenities. The continuous selling of these projects has given investors huge confidence in Dubai to build more and more projects. The company's long-term payment plans are making it easy to purchase rather than rent them.

The developer's long-term payment plan is attracting the residents to live rent-free and invest in properties by giving off a 10 per cent advance and subsequently afterwards. People are living in Dubai for a longer duration and with proper savings, they can easily pay instalments and own an apartment in Dubai. 

70-75% of the buyers are professionals in the ages of 20s, 30s, and 40s who have been living in Dubai for a long time and the other ones are foreign investors. These people are thinking of long-term investment and considering buying over rent as there is a hike in rent prices also in interest rates. People are looking to hedge over the acquisition costs and climb the corporate ladder by becoming the owner. 

The Rise of Foreign Investment

The change in rules and regulations of UAE has attracted a higher share of foreign investors ready to invest in property as it provides them easy entry for 10-12 months. The property-linked visa reforms with Dubai’s socio-economic positioning and the investor-friendly market have provided foreign investors to invest in Dubai.

Dubai has evolved into one of the most incredible places to live and foreigners are receiving easy to pursue anything they like. The golden visa allows foreigners to stay for longer or settle with their families. The demand for off-plan property buyers is increasing equally between the residents and non-residents in UAE also the resale market is also achieving heights.

Economic Factors Driving the Market

The UAE has seen increasing demand from various countries. After the pandemic, people are looking to Western countries where easy visa reforms in Dubai have changed the game and a range of investors are investing in properties. The salaried professional is making Dubai their home regardless of the inflation this shows the opportunities that the UAE brings to the table.

Signature Habitat helps you find the home of your choice in the community you like within the specified budget. We streamline the whole buying process and get you the best deal that makes every penny worth investing in  Dubai.