Since the opening of 2014, the Dubai Land Department (DLD) has already registered 26,645 real estate business worth Dh101 billion.
The DLD director-general said that Dubai real estate market, which attracted a total of 16,743 investors in the first five months of the year, would continue the buoyant trend.
The strong performance in the real estate sector indicates a trend that we expect to be sustained over the next year and beyond. The number and value of real estate dealings since the beginning of the year to date indicate both that investors have become more aware and that the market has become rich with investment selections.
The real estate marketplace in Dubai is showing a high degree of flexibility in dealing with the requirements of investors, particularly new stakeholders entering the marketplace for the first time to seize opportunities that have emerged in the wake of the price correction witnessed in the marketplace over the past two years. The growth in demand from investors is the result of an enhancement in primary economic factors rather than assumption.
Since Dubai, the home to one of the toughest real estate markets globally has become an international player, fees for providing services have to be on a par with the city’s growth and development.
The government’s efforts in continually increase the infrastructure and encourage investment has improved the worth of real estate many fold in comparison with the value 10 and 20 years ago. Property owners in Dubai reap healthy returns that are unparalleled global.