Dubai Becomes Hottest Destination In UAE For Real Estate Investment With Single Day Selling Of Over $1Billion

UAE- Dubai - Real Estate Investment


If you are into real estate business and already have shop setup in the UAE, you are in for a golden visa soon. As UAE hots up for wealthy Indian expats as a preferred real estate destination, the coffers are swelling by the day.

Yesterday, the whole day, the Dubai market itself was booming and recorded a massive sale of over AED1 billion in a single day. The Dubai real estate market has been on an upward spiral in recent weeks, recording transactions over $1 billion in several days, as it continues with its post-pandemic recovery.

The sale saw a massive 304 sales deals in day of which 77 were mortgage deals of AED263.54 million and 12 were gift deals worth AED24.3 million. The total value of sales was pegged at AED735.85 million.

The sales included 282 villas and apartments worth AED651.17 million, and 22 land plots worth AED84.68 million, while mortgages included 65 villas and apartments worth AED136.77 million and 12 land plots valued at AED126.77 million.

The market touched $6.9 billion in June the highest ever to reach in 13 years. One wonders why there is such a surge in buying. For one, post Covid-19, people have started to invest in alternate property outside their country of stay. Dubai has become a preferred destination for many related factors.

Also, this is the same with most of the UAE market where a rapidly expanding economy is something that is attracting a lot of people to invest in alternate real estate. UAE is being seen as one of the world’s most secure, controlled and well-run nations with a solid government.  Further, property prices here are lower in comparison to most major cities in the world, making the country an excellent opportunity for investors. Unlike most areas, Dubai also offers a tax-free investment. There is no annual property tax, income tax or capital gains tax, which has seen the market attract a lot of attention.


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