Excitement in the Dubai Real Estate Market

Big sales

There is a real boom in sales in the secondary market right now with the highest volumes. Dubai's Land Department is barely managing the deals.

The demand for luxury real estate has increased sharply, due to the mass relocation of businessmen to Dubai and the transfer of their holding companies to the financial zone of the Dubai International Financial Center (DIFC). The most expensive villa in Dubai was sold this year for $29.4 million.

Agencies and realtors are on the rise now. Everyone we talked to had at least a twofold increase in sales compared to the first quarter of 2019, and some had even a three- and fourfold increase. Top real estate agents now sell property for $15-20 million per month, in our company one of the leading brokers got sales for $55 million.

Whole floors are being sold even before the start of sales. The main buyers come from the CIS and Europe, and many residents of the UAE are also Indians, Pakistanis, British, and Arabs.

People come to stay

Transactions are very active, but there is still a huge demand. While some of the customers are not ready to buy, they arrive to the emirate for the first time and simply want to peer. People travel from the most expensive places in Europe: Monaco, London, Marbella… Even from Switzerland. Many of those who postponed the purchase, finally make the final decision now. Many people move their families to Dubai and expect their children to go to school here from September.

How did Dubai make it?

The main reason for the increased interest of foreigners in Dubai is the calmer environment during the pandemic. The emirate experienced one serious lockdown (spring – early summer 2020), after which life began to gradually return to normal. At the beginning of 2021, new restrictions were introduced for a while, which mainly affected the working hours of catering establishments, swimming pools, etc. However, these measures cannot be compared to the hard lockdown at the same time in Europe.

As of the end of April, the UAE is the leader in the proportion of the vaccinated population. More than 7 million local residents have already been vaccinated.

Now cafes and restaurants are working as usual, hotels are packed for the spring holidays, prices for accommodation are at their peak, air tickets have doubled in price. This is one of the few open countries, so people from all over the world go on vacation to Dubai. The Emirate is regarded as a safe haven where sports competitions are transferred. From the fall of 2021 to the spring of 2022, the Expo-2020 exhibition should finally take place.

However, it is not just about successfully fighting with the pandemic. Over the past two years, the Emirates has made a number of changes to the immigration rules: five-year and ten-year "golden visas" for investors and talented individuals, a visa for pensioners, a residence permit for digital nomads. As a result, foreigners were attracted to the Emirates, began to buy or rent housing.

The citizenship program is currently under consideration. It is expected that outstanding specialists and artists, as well as major investors, will receive passports. There are foreigners who've invested $20-30 million in local real estate and expect to receive an Emirati passport in the foreseeable future.

And that's not it: Dubai authorities has recently adopted the Urban Master Plan 2040, which involves intensive construction and billions of dollars in investment. As a result of the investment, the coastline will increase by 400%, new islands and projects with private beaches will appear in the emirate. More than half of the territory will turn green. Special emphasis is placed on educational and medical institutions, as well as on hotels and other tourist facilities. This is the way the authorities try to create an attractive environment for local residents and visiting foreigners. They expect that people will remain in the emirate. Due to this, it is planned that the population of Dubai will increase from the current 3.3 million to 6 million people.

Real estate shortage

Against the background of the excitement that has arisen in Dubai, the seller's market has reformed. The owners decide how much they want to earn, and assign bonuses from the sale at their discretion. Some of our investors exit the deal with a profit of 50-60%.

The main problem in the market is that the supply is limited. All the cheap housing was quickly sold out, many owners withdrew from the sale of objects or raised prices much higher than the market. Due to the sanitary measures taken last year and the decline in demand, developers significantly slowed down the pace, there were few new projects, and now there is a shortage of them. In fact, the developers have sold almost everything, both under construction and ready-made housing, so we are looking forward to launching new projects.

Today, everything is sold in Dubai, even what has been on the market for years.

Check out available properties on the market:

971 571 €

Apartment in Dubai, UAE

139 sq.m 3 3 4

Oceanz by Danube is a residential project in the heart of Dubai Maritime City. The new complex will appeal to those who appreciate comfort and want to live in one of the developing areas of Dubai. The project consists of two B+G+6P+44 floor towers. Oceanz by the Danube will feature interiors and luxury furnishing from Tonino Lamborghini Casa...

Metropolitan Premium Properties

302 525 €

Apartment in Dubai, UAE

42 sq.m 1

Inspired by the healing properties of turquoise, Chic Tower is where wellness and luxury meet. The fabled fountain of youth is recast as a holistic lifestyle experience that combines restorative baths, beauty treatments, state-of-the-art gyms, and residential luxury. Property Details: * Spacious Studio * A holistic lifestyle experience *...

Metropolitan Premium Properties

1 406 216 €

Apartment in Ras al-Khaimah, UAE

213 sq.m 3 3 3

Welcome to your oasis of luxury at Nikki Beach Residences on the breathtaking Al Marjan Island of Ras Al Khaimah. This exclusive 3-bedroom residence offers a blend of contemporary design and coastal elegance, providing the perfect retreat for those seeking a sophisticated beachfront lifestyle. Property Features * Elegant 3 Bedrooms * 3...

Metropolitan Premium Properties

447 407 €

Apartment in Dubai, UAE

72 sq.m 1 1 1

Nestled within the lush surroundings of Sobha Verde, this 1-bedroom apartment offers a harmonious blend of modern luxury and serene living. Step into a world where every detail is thoughtfully designed to create a comfortable and stylish home. Chic Interior Design The apartment welcomes you with chic interior finishes, creating a contemporary...

Metropolitan Premium Properties

166 182 €

Apartment in Dubai, UAE

36 sq.m 1

Tiger Group proudly presents Seslia Tower, which features luxury apartments at JVT in Dubai. The first of its kind in creative development, it rises high in the sky to establish a fully functional location. It provides all features packed with the amenities and services necessary for improved living conditions. Property Details: * Studio *...

Metropolitan Premium Properties

1 059 963 €

Apartment in Dubai, UAE

120 sq.m 2 2 3

Welcome to the epitome of luxury living at the prestigious St. Regis Residences. This meticulously designed 2-bedroom apartment offers an unparalleled lifestyle in the heart of Downtown. Situated in the exclusive St. Regis Residences, this apartment enjoys a prime location with breathtaking views of the city skyline. Immerse yourself in the...

Metropolitan Premium Properties

441 401 €

Apartment in Dubai, UAE

78 sq.m 1 1 1

Apartments in this building are known for their spacious, high-end designs. They feature open layouts, premium materials, modern kitchens, luxurious bathrooms, ample storage, smart home technology, private balconies, and access to various amenities. Property Features * 1 bedroom * Unfurnished * Open layout * Bright and modern...

Metropolitan Premium Properties

355 354 €

Apartment in Dubai, UAE

79 sq.m 1 1 2

Urgent Sale! Bulk Offer, have Studio in the same building! Possible negotiation price! Buy this 1 1-bedroom apartment located in AZIZI Riviera 3, Meydan with a Studio, and get a Discount! Property Features * Large bedroom * Modern bathroom * Unfurnished * Built-in wardrobes Pictures are for illustration purposes only Community...

Metropolitan Premium Properties

726 285 €

Townhouse in Ras al-Khaimah, UAE

238 sq.m 3 3 4

Indulge in the epitome of refined living with this luxurious 3-bedroom townhouse in Marbella. Nestled within an exclusive enclave, this residence offers an exquisite blend of contemporary elegance and Mediterranean charm. Upon entering the grand foyer, you are greeted by a spacious living area adorned with high-end finishes and flooded with...

Metropolitan Premium Properties

204 561 €

Apartment in Dubai, UAE

83 sq.m 1 1 1

Experience Celestial Living at Celestia Residences, where a world of modern comfort and celestial charm awaits. Nestled in the heart of Dubai South (Dubai World Central) Celestia Residences redefines contemporary living with an emphasis on luxury, convenience, and breathtaking design. Property Features * 1 Bedroom *Modern bathroom * Large...

Metropolitan Premium Properties

754 248 €

Apartment in Dubai, UAE

141 sq.m 3 3 3

Experience luxury living in this exquisite 3-bedroom apartment at Orchid, Creek Beach. Boasting a generously sized terrace, this unit offers an unparalleled outdoor space, perfect for entertaining or enjoying tranquil moments with breathtaking views of the Creek Beach and beyond. Inside, the apartment is thoughtfully designed with modern...

Metropolitan Premium Properties

252 886 €

Apartment in Dubai, UAE

38 sq.m 1

Property Features * Large Studio * Modern Bathroom * 1 Parking Space * High Floor * Fully Equipped Kitchen * Luxury Furniture by Aston Martin * Genuine Resale Community Amenities * Swimming Pool * Mini Golf * Kids Play Area * Library * Jacuzzi with Rain Shower * Gym * Restaurants Step into the epitome of contemporary...

Metropolitan Premium Properties

754 248 €

Villa in Dubai, UAE

144 sq.m 4 4 4

Property Features * 4 Large bedrooms * Modern bathrooms *Spacious living spaces * Built-in wardrobes * Balcony Community Amenities * Close to Lagoons * Swimming pool * Sports courts * Beach Club * Windmill park * Leisure and activity areas The Mykonos Villa in DAMAC Lagoons offers bright and spacious interiors featuring...

Metropolitan Premium Properties

465 329 €

Apartment in Dubai, UAE

58 sq.m 1 1 2

Property details: * 1 Bedroom * Fully Furnished * High Floor * Built-in wardrobes * Premium Location * Post Handover Payment Plan Amenities and Facilities: * Swimming pool * Modern gym * Jacuzzi and sauna * Playground * Concierge service * Covered parking * 24/7 video surveillance * High-speed elevators Mama...

Metropolitan Premium Properties

651 968 €

Apartment in Dubai, UAE

128 sq.m 2 2 3

Property Features * 2 Bedrooms * 3 Bathrooms * Spacious Living room * Built-in wardrobes * 1 parking space * Nearby Hospital supermarket, cinema, and restaurants Community Amenities * Swimming Pool * Health Club * Retail Outlets 24-hour security * Easy Access to the metro * Children's play area Bahar 1, where luxurious...

Metropolitan Premium Properties

1 252 795 €

Apartment in Dubai, UAE

223 sq.m 2 2 2

Property Features * Luxury Bedrooms * Large Bathrooms * Resort Style Living * Ultra Spacious * High-End Designed Community Amenities * Beach access * Swimming pool * Restaurants * Cafes * Fitness facilities * Concierge services Luxurious Waterfront Living at Bay Residences, Dubai Islands an exclusive waterfront enclave...

Metropolitan Premium Properties

230 084 €

Apartment in Dubai, UAE

60 sq.m 1 1 1

Property Features * En suite Bedroom * Modern Bathroom * Spacious Layout * Built-in wardrobes * Genuine ResaleCommunity Amenities * Shared Pool * Gym * Steam & sauna * High-end food & beverage areas * Retail shops * International golf community Golf Gate, where luxury living meets the tranquility of the greens in a...

Metropolitan Premium Properties

613 683 €

Apartment in Dubai, UAE

83 sq.m 1 1 2

This gorgeous apartment has a modern and sleek layout. The spacious living area allows space for friends and family gatherings. The generous space is also complemented by large windows allowing sunlight to flow through. Property Details: *Large bedrooms *Modern bathroom *Bright and modern layout *Built-in wardrobes Features and Amenities...

Metropolitan Premium Properties

332 365 €

Apartment in Dubai, UAE

85 sq.m 1 1 1

Property Features * 1 Bedroom * Modern Bathroom * Spacious Layout * High floor *1 Parking space * Balcony Community Amenities * 24 Hour Security * Cafes and Restaurants * Retail Outlets * Day Care Center * Gymnasium * Sauna * Jacuzzi * High-Speed Elevators Sulafa Tower is an iconic landmark in the heart of Dubai...

Metropolitan Premium Properties

6 903 368 €

Villa in Dubai, UAE

964 sq.m 5 5 6

Metropolitan Premium Properties

See more 90870 similar properties

What's next?

Now, vaccination is considered to be the main measure of success on the global market, and Dubai has proven itself very well in the world in terms of combating COVID-19. Therefore, we can assume that the popularity of the region will only grow over a short distance. Experts believe that the current activity in the market will continue for one or two years, so investors who are interested in real estate in the Emirates should hurry up.

Quoting conditions of Prian.info materials