Dubai real estate continues to attract global investors as in the month of August alone, witnessing a 40% increase in sales value. The transaction volumes hit 36.9% tantamount to $12.9 billion.
Dubai’s real estate market has become a new safe haven for smart investors with long-term views, a senior official said. Kashif Ansari —-CEO and cofounder of Juwai IQI cited the latest report from UBS which clearly demonstrates that demand for the Dubai real estate market is growing at a phenomenal rate.
The UBS report holds significant value for those investors who want to take a long-term position in the city. Kashif’s stance on the Dubai real estate market remains bullish and high potential for growth till 2030 and beyond.
The top areas for property investments are:
- Dubai Marina
- Jumeirah Village Circle
- Downtown Dubai
- Palm Jumeirah
- Business Bay
- Dubai Creek Harbour
- Dubai Hills Estate
- Arabian Ranches
In the month of August, Kashif shared his views on business Bay area drew the single largest transaction amounting to Dh139 million, which reflects investors’ strong interest and above all the potential growth of the high-end location.
Kashif said that global market uncertainty would draw investors to Dubai’s real estate market which will rise further in capital appreciation and rental yields. Dubai real estate market will become bigger than Singapore and Hong Kong before 2030. Kashif is optimistic that the Dubai market will have investors from Europe, the UK, the USA, India, Pakistan, and China to take huge positions for wealth preservation. Dubai real estate is the new global currency.
