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Foreign investors activities in Dubai real estate market increases

Dubai real estate-IFM (2)-image
This is attributed to various visa reforms introduced by the government

Foreign investor’s activities in the Dubai real estate market have increased over time as the government has introduced various visa reforms and successfully managed the Covid-19 pandemic, media reports said.

Investors mostly from India and Pakistan have invested heavily in Dubai’s real estate market this year. Activities have increased since the resumption of flights in August and ease of travel restrictions.

Dubai’s real estate market recorded impressive figures in the third quarter of 2021 and it has been regarded as the best third quarter in its history, according to data from the real estate portal Property Finder.

During the period, sales transaction volume increased by 85.36 percent and an increase of 135.42 percent in value was recorded, when compared to the same period in 2020.

When compared to the third quarter in 2019, 2021 showed an increase of 64.51 percent in volume and an increase of 138.81 percent in value.

Lynnette Sacchetto, Director of Research and Data at Property Finder told the media, “To date, off-plan sales had the highest value of sales transactions the Dubai Real estate market has seen in over eight years (since December 2013). Off-plan sales started to increase considerably in 2021 and the amount of sales transactions between secondary and off-plan are now about 50/50. This is evident that investors see the value in investing in the future of Dubai. In addition, developers started launching new projects in 2021 and investor appetite has been strong.”

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