1 / 7

Why 2021 is the Best Time to Buy Property in Dubai

The year of 2020 came with its own trials and tribulations with Coronavirus being the biggest calamity of all. Last year saw drastic changes and a steeping downfall in all the socio-economic sectors on a global scale but 2021 has been promising in the sense of regained growth and uplift among all the sectors. Therefore, 2021 has been a golden year for Dubaiu2019s real estate also and analysts term this year as the best time to buy property in Dubai.

romanriaz
Download Presentation

Why 2021 is the Best Time to Buy Property in Dubai

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Why Why 2021 is the Best Time to Buy 2021 is the Best Time to Buy Property in Dubai? Property in Dubai? Binayah.com

  2. Best Time to Buy Property The year of 2020 came with its own trials and tribulations with Coronavirus being the biggest calamity of all. Last year saw drastic changes and a steeping downfall in all the socio- economic sectors on a global scale but 2021 has been promising in the sense of regained growth and uplift among all the sectors. Therefore, 2021 has been a golden year for Dubai’s real estate also and analysts term this year as the best time to buy property in Dubai.

  3. Sellers’ market Sellers’ market  The recent scenario of Dubai’s real estate market showcases growth and a dynamic transition to the seller’s market largely because of the exceeding of buyer enquiries than the existing and new supply. Property Pundits state that this ratio have been disturbed by the buyer enquiries outnumbering the new supply despite the pandemic-enforced slowdown.

  4. Cost effective than renting Cost effective than renting Buying your new property in Dubai is far more beneficial than renting a property in Dubai if you plan to stay for a longer period of time. Mario Volpi, sales and leasing manager at Engel & Völkers Dubai, states in this regard, “Assuming one stays in Dubai for a longer period, typically seven years or more, it is definitely cheaper to buy than rent, even taking into consideration all the fees and costs involved.

  5. Higher returns Higher returns 2021 is the best time to buy a new property in Dubai because it comes with a guarantee of higher returns. The months of January and February saw property giants Emaar and DAMAC launching new projects that boosted their sales. Furthermore, the villas for sale in Dubai also saw a smashing uplift along with the reveal of Dubai’s Urban Master plan for 2040 which is assumed to boost the region’s real estate on an altogether different level. Therefore, analysts advise the buyers and investors to start their next property venture in Dubai today because it is leaded with huge returns on investment.

  6. New Visa Rules New Visa Rules Analysts state that the new Emirati Visa Legislation is also another reason which makes 2021 the best time to buy property in Dubai. Allowing talented individuals to come and dwell in the city along with enabling them to own a property in Dubai is what has given rise in demand for luxury properties in specific. Dubai is set to become a cosmopolitan hub and that too, a world-class cosmopolitan hub. So, living and growing there is not an opportunity to miss.

  7. Such high demand in property purchase is usually for UK, US, Turkey, Spain and UAE which fall under the top five locations of the world. These Middle east-based-ultra-high- net-individuals are estimated to have a worth of more than $30 million.

More Related