Due to the recession in the past, Dubai property has seen a great downfall and people start believing that property market is not good from an investment point of view. We can’t say that assumption is wrong as many people left the jobs, houses and went back home. But we also know the fact that Dubai is a great bliss in terms of development and advancement in every activity of life.
- · The rent yield for Dubai is higher than other emirates
- · The Dubai position will be improved and become more stable with Expo 2020
- · Dubai has strict rules and regulations regarding the real estate industry.
There is many on-going projects and the future projects also highlight the positive projection of Dubai real estate market. The real estate market in Dubai will witness a success in terms of investment in the future. There are five reasons to convince the critique that Dubai real estate market is booming and will be showing success in future also.
Expo 2020 – A Boom for the Real Estate Market
Expo 2020 which is a great investment lure in the whole region will improve Dubai financial situation among other emirates. There will be a lot of business events going on in the real estate market due to the expo and which will elevate the capital flow of the Emirates.
For expo 2020, the resources confirmed that there will be more 25million travelers coming to Dubai. that's why more residential places and hotels are building to lodge a big number of tourists. With expo 2020 Dubai real estate market is gaining strength and there are lots of activities going on in the real estate market of Dubai.
Nakheel which is the biggest developer of Dubai announced that they will be launching new 10 hotels to attract the tourism coming with Expo 2020. According to the source, Dubai population will be increased to 3.2 million and there will be a lot of business in terms of real estate market due to the construction of units to accommodate a large number of people.
Real Estate Laws Which are Efficient and Organized
Real estate laws governing the infrastructure and legislation have improved a lot as compared to past, they have become more strong, organized and efficient. Todays the real estate laws of Dubai are world class, regulatory authority and have a proper method of the registry. Due to the stick laws and regulations, investors find themselves quite safe and people are investing in Dubai even from far international levels because of the positive market.
High Rent Yields of Dubai
The rental yield of Dubai is a remarkable rate as compared to other famous destination and places around the world. There are many famous and most expensive places in the world but Dubai is superior to them.
According to the bayut.com a famous property website in Dubai, the rents will increase 8% to 10% in the future for some units. This shows a positive mark of Dubai real estate market which will strengthen and bring more growth in the sector.
Tactical Location
The main advantage of Dubai is its strategic location which makes the business activities to happen very easily without any hurdle. Dubai is very close to India, China and Russia and most investors in Dubai are from these rich countries. There is a short haul flight from China, Russia, and India to Dubai and rich investors can take the advantage of that, as they can easily access the property whenever they want too. The more investors are coming to Dubai, they are property market in Dubai is getting stronger and is improving also.
Shopping Complex and Tourism
We have seen that everyone wants to visit Dubai more than once in their life because of the great recreational places and great shopping malls which ultimately makes the real estate segment robust and stable. In 2016, Dubai international airport recorded 85 million travelers which were 78 million in the year 2015. The growing number of passengers has a positive impact on the Dubai real estate market as the more people come to Dubai they look for more places to live as well.
Thus the above points make us believe that Dubai real estate is booming and will see a positive success in future. With the great expo 2020, more business actions in Dubai, real estate market are becoming excellent with government support and investors delights.
