Dubai Property Market to Outdo Prime Markets in Europe

The international property market has been a reliable way to sustain and grow wealth for the best part of 50 years. Mainly in the United Kingdom, Europe and the United States from the 1980’s onwards. However in recent times the Dubai property market, has cemented its self amongst the main players.

Many countries are now following suit by viewing their property investment sectors as engines for growth. This having seen property investment sectors used to boost a countries wider economy.

Certainly, this is true in the case of the Middle East. Where countries like Abu Dhabi, Saudi Arabia and Qatar all see large building booms as essential to their strategy.

Spreading themselves outside oil revenue is one reason that these economies are looking at property. Middle classes grow and inward migration from overseas increases. This as a consequence to the high living standards and wages offered in Abu Dhabi, Saudi Arabia and Qatar. These countries will therefore continue to require more and more high-quality housing.

Of course, this presents an opportunity for investors.

Will Dubai overtake Europe in the international property market?

With Dubai set to surpass the real estate landscape of London in 2023 it is possible Europe may follow. This may occur because of robust growth in property prices and occupancy rates. According to the latest market research findings.

Prop-tech data from Dubai firms has helped conduct AI-powered research. It suggested that high-end home prices will experience a substantial increase. The increase may range from 6.7 percent to 20.3 percent by the end of the year. In contrast, London may see it’s prime property market especially its luxury segment around 3.5 percent.

Dubai’s property investment market is expecting to thrive thanks to ongoing developments, and rising occupancy rates. There will also be the potential for high annual returns on investments through rental yields. London’s property investment market will likely face challenges in 202. The challenges will primarily be because of high inflation and interest rates which could exert downward pressure on growth.

Research highlights in Dubai and London property investment markets offer unique investment opportunities. Opportunities tailored to the investors risk tolerance, liquidity needs, and investment horizons. However, Dubai holds a competitive advantage for investors, this includes lower taxes, higher yields, and more affordable property prices.

Using our own catalogue across Dubai it’s clearly thriving, attracting foreign domestic and foreign investors for these specific reasons. Areas such as Downtown Dubai, Business Bay and Jumeirah Village.

European markets are now more open to fluctuation in more established economies. They are also more open to being subject to stricter tax and ownership laws in some countries.

Are you interested in investing in a Dubai property market that offers you great returns, yield and value? If you are, get in touch with us today.