The demand for real estate in the UAE has seen a positive surge in the last quarter owing in part to some initiatives by the government, optimism from investors as well as the economic condition. This increase in demand would be a sign of the resiliency of the market and proactive measures aimed at further transforming the country to suit local and foreign investors.
Recent reports indicate that several important factors have stimulated the economy of the real estate sector in the UAE. One of the key factors is the set of reforms and regulatory changes undertaken by the government. These changes are expected to ease processes, eliminate red tapes and enhance the investment climates. For example, there have been some changes in visa policies that have made it easier for foreigners to buy properties and live within the UAE, thus increasing the number of prospective buyers.
The strategic investment in infrastructural development by the country is another major factor driving the robust demand. The UAE has taken a proactive approach in developing its infrastructure that comprises among other things, new residential and commercial constructions, and facilities like schools, hospitals, and recreational centers. These developments improve the standard of living for the residents, but at the same time, they make the area attractive to prospective buyers and tenants.
Besides, the capacity of the investors explained the surge in demand experienced.
The investors in UAE have also been confident in the investments made, thanks to the country’s political stability and robust economic structures. In addition, the productive response of the nation in combating the threats of turmoil in the global economy has enhanced the faith of the investors within the nation even more.
Observing the current trends within the property market in Dubai has been rather interesting lately, especially with what has been happening in Dubai in particular. The global investment community keeps coming to Dubai due to people’s emotions and constant faith that Dubai is a City of Business and Tourism. Initiatives within the city such as Expo 2020 Dubai and many other large-scale developments have demonstrated the possibility of growth and return on investments in the city.
In addition, Abu Dhabi has also seen a rebound in the demand for real estate as a result of certain measures implemented to diversify its economy and encourage investment. The capital’s emphasis on green growth and modern city design has appealed to local and foreign investors alike, who are in search of safe returns on their investments.
The residential segment of the market in particular remains dynamic and vibrant as uncharacteristically high sales transactions across the various Emirates have been reported. This can be linked to the reasons such as sheer pricing competitiveness by the developers and home ownership promotion financing options.
All in all, the impressive performance of the real estate sector in the UAE is a clear indicator of the efforts being made by the country to provide an enabling environment for doing business. Since government programmes continue to focus on enhancing policy and infrastructure development in this sector, there is reason to believe that demand shall hold up well in the near future.
