DAMAC in Ras Al Khaimah , Damac Shoreline
As February comes to an end, Dubai continues its record-breaking growth in property transactions. We witnessed the highest sales value and number of transactions on record for the month of February.
There were nearly 9K total property transactions, with a total sales value of nearly AED 27B, an increase of 64% compared to February 2022.
“Buying a house is the simplest way of investing and securing a golden visa. Dubai also has no capital gain, which makes investment in real estate a compelling proposition,” said Akash Puri, director, international business, India Sotheby’s International Realty.
More than ever before, Indians are now eyeing properties in Dubai. Investing in real estate has emerged as the quickest way to get a residency permit in UAE, and since 2017, Indians have ranked amongst the top 3 nationalities investing in property in Dubai.
With recent economic changes in India and the lack of incentivized benefits for investments, especially in the real estate sector, Indian investors are looking for alternate means to achieve higher returns on investments. As such, they are setting their sights on Dubai.
DUBAI’S PROPERTY MARKET IS BOOMING, AND THIS FAST-GROWING CITY IS BECOMING ONE OF THE MOST DESIRABLE PLACES TO LIVE IN THE WORLD. OFFERING PREMIUM QUALITY ACCOMMODATION AT A REASONABLE PRICE, ALONG WITH BRAND NEW FACILITIES THAT HAVE BEEN CAREFULLY PLANNED AND DESIGNED TO PROVIDE THE BEST OF EVERYTHING, IT’S PARTICULARLY POPULAR WITH YOUNG PROFESSIONALS AND YOUNG FAMILIES. HERE’S OUR QUICK GUIDE TO BUYING PROPERTY IN DUBAI.
Dubai, located on the Persian Gulf's southeast coast, is one of the world's most well-known tourist destinations. It is one of the waterfront areas known for its ultramodern architecture and luxurious lifestyle. In fact, Dubai has a large amount of excellent harbour space that has been shared with the international market.
The answer to that question is not so simple. So, before you go and buy your first home or invest in one, note that there are a few elements that make up the bigger picture:
DAMAC Hills 2 is a self-contained master community in Dubailand. Developed by DAMAC Properties, this community was previously known as Akoya Oxygen. Sitting away from the bustle of the city, DAMAC Hills 2 is a tranquil community spread over an area of over 42 million sq. ft.
According to statistics provided by the Dubai Land Department (DLD) last week, the real estate market in Dubai has recovered from Covid-induced uncertainty and is displaying strong signals of sustainable development. According to DLD, October was Dubai's best in the last eight years, with the real estate sector attracting a total of Dh.13.12 billion in investments split across 5,352 transactions.
