The Dubai property scene has been red hot this week, with investors sinking over 2.4 billion dirhams into real estate deals. This shows folks are feeling confident about the market and betting on further price increases. Let’s take a closer look at some of these transactions.
Strike Rich without Striking Out: Low Risk, Great Results!
A British guy bought a mega-mansion in Palm Jumeirah for 41 million using a big mortgage loan. Houses in nicer beachfront spots like Palm keep getting costlier. They also make good money from rent each year through exclusive lease programs for rich tenants.
Fancy properties in top developments regularly sell for over 10,000 per square foot nowadays. Since experts predict prices will rise even more long-term, these are smart buys for growing your cash plus steady income from tenants.
A businessman from the Dubai International Financial Centre area picked up eight apartments under construction in newer areas like Village and Hills for 1.5-2 million each. Locking in low pre-build rates means doubling money or more by completion. Rent covers loan payments until then too.
Office buildings are big business too. Huge funds and real estate companies are snapping up entire floors in towers to help companies wanting Dubai headquarters. This meets demand as our economy does better with jobs and new industries like tourism.
The Ultimate In the World
Action across luxury, mid-range and office space shows property pulls average investors and pros alike. Dubai real estate remains attractive compared to world stock markets facing uncertainty. Things like Expo wins and business-helping laws fuel more growth potential.
Data shows property values up over 20% in just 12 months! Experts forecast high single-digit gains yearly through next year at least too. Diversified portfolios grounded in our market stand to benefit from consistent returns as issues persist globally.
Big companies were also spending big last week. Fund managers loaded up on whole shiny new towers for corporate clients to operate out of. Prime office space in Dubai always rents out well thanks to multinational businesses moving their operations here.
Dubai- The Global Business Hub!
Dubai has been growing like crazy as a global business hub creating jobs for many industries. As long as this continues, properties stay in high demand especially from clever long term investors. Billions of dollars flowing in last week showed everyone is buying what Dubai’s selling – the land of opportunity.
In summary all signs point to ongoing property party times here as activity and numbers demonstrate ongoing trust in Dubai’s redevelopment. The future remains bright for real estate as a smart investment anchored in this thriving city. Stay tuned for more exciting deals!
