Dubai's real estate market in the future

The recently opened Dubai Future District offers a location dedicated to the growth of the future economy.

• Establish a goal to increase non-oil commerce to AED two trillion by 2025.
• 50 new government establishments spanning five continents should be established to encourage business, tourism, and investment prospects.
• To enable foreigners to easily visit and permanently re-locate to Dubai, the criteria for both tourist and resident visas should be relaxed.
• Reduced numerous government levies to benefit the present populace, promote the success of start-ups, and encourage global corporations to establish headquarters here

What, When, Why to Buy

The million dollar question, or the AED 3,672,500 question because we're talking about Dubai (the USD is now tied to the dirham at 3.6725)! , and some people value that query far more given that the dollar currently exchanges hands for 0.27 dirhams.

Instead of listening to the many brokers in Dubai telling you, "You must purchase now," consider our perspective so you may choose when to make your next investment.

The following phrases are used far too frequently by buyers: "I would like to wait till the marketplace is at the bottom," "I will buy when the marketplace has bottomed out," or "Do you believe we are near the bottom yet?"

In actuality, prices won't start rising again until after a market has reached its bottom, and by then, it's usually too late to take advantage of the situation. The availability of high-quality units is declining, sellers are increasingly difficult to bargain with, and builders will tighten the payment terms and incentives they offer to entice purchasers during the difficult times.

When foreigners were allowed to acquire real estate in Dubai in 2002, the market experienced optimism, thrills, and excitement, building to euphoria as it peaked in 2008 before the crash. Anguish and anxiousness set in at this point, and many people capitulated.

The market was somewhat flat from 2009 -2010, although lots of savvy investors and opportunists bought real estate during this period.

Investors control the market and establish the recovery period, as is the case in the majority of markets.

What to purchase?

The purchase of a property for investment purposes is distinct from the purchase of a home for your family. It should not be influenced by emotion since it is a reasonable decision. Despite this, many investors tell us that they won't purchase a house unless they plan to live there themselves.

This just implies that they will only spend in a nice home in a desirable area with a respectable view and space planning. It does not suggest that they will install bunk beds in one room for their 3 children. The reasoning behind this is that, when it comes time to resell, you should target an end-user who would undoubtedly appreciate inheriting your proper selection of position, perspective, and layout in order to earn the best price.