Market Trends

Although the UAE Golden Visa Programme was launched almost two years ago but has constantly been a hot topic of discussion amongst people planning to set up their home in this country. Moreover, the UAE government has since been taking massive steps to make it more attractive for potential applicants. Interestingly, the recent changes are vigorous and can appeal to anyone planning for long-term residence...

The COVID-19 induced global pandemic was declared at the beginning of 2020. And since then, hundreds of millions of people have learnt a new art of living through lockdowns, social distancing and travel restrictions. Subsequently, millions had to lose their jobs and countless others have abruptly adopted working from home. With the looming threats of the omicron variant, the future looks uncertain, as we...

Not so long ago there were speculations about the properties for sale in Dubai market that potential property investors would reject Dubai in the long-term and may never come back. However, a majority of real estate experts believed in the market’s strong rebound and the country’s resilient economy to back the real estate sector. The unpredictable tenant default rate and increase in unemployment...

Dubai’s high population growth due to a high influx of expatriates yet limited opportunities for residential property ownership (that can lead to permanent residency) continues to fuel demand for rental properties across the city. According to an estimate, around 80 per cent of the total UAE’s residents live in rental apartments and villas. The growing presence of expatriates will continue to underpin...

Dubai is an attractive destination that offers a glimpse of history, culture, beaches and luxury lifestyle. It has jostled its way on the global platform in recent months, not entirely due to Expo 2020 that has put Dubai on the map. It is not just due to conducting a successful global event but the UAE’s government response during and after the COVID-19 that has bid adieu to any scepticism about staying...

On April 18, the UAE Cabinet approved major overhauls to the entry and residency visa regime of the country, in years. Under the new rules, convenience, multiple options and flexibility are offered to the people coming to the United Arab Emirates. A few of the significant changes include multi-entry visas and a 60-day validity and ending the need for arrivals to acquire sponsorship. Note: All these...

The property market is cyclical that follows the patterns of boom and bust. The cycles typically start from an increase (boom) in prices, followed by periods of relatively flat or decreasing trend (slump), then in time prices begin to rise again (recovery). Knowing the property cycle is crucial to understand how current property prices are expected to move or change in the future. A savvy investor tends...

Dubai property market’s roaring comeback with record-breaking Q1 2022 With a property market that has crash-landed due to the regional downturn, there is a sign of recovery in 2022. Despite the market volatility, the demand for residential properties in Dubai has been on a hike, as property buyers and investors both are looking for a safe haven and promising returns from their investments. As per the...

2021 proved to be a landmark year for the Dubai property market. The sector bounced back with a bang in the third quarter of 2021 and recorded one of the highest property deals in Q3. The momentum from the second half of 2021 carried onto the first half of 2022. Dubai property market shows its best level since 2008 and it seems to achieve full recovery by 2022. The sector is booming due to a number of...

The COVID-19 pandemic affected the world in ways we were unprepared for. The virus spread around the world quickly and brought the world’s major economic sectors to a halt in early 2020. It affected the real estate sector the most, causing property prices to plummet as demand dwindled but supplies grew tremendously. The Dubai property market experienced unprecedented lows in 2020, with the entire market...