Promising investment opportunities with amplified profits and regulatory measures are the key factors strengthening Dubai real estate image among local and foreign investors alike. Furthermore, the fast booming buying and renting prices have rapidly surged the investor interest in Dubai property market. Having observed the rising enthusiasm among investors, industry experts predicted for market to encounter to another crash. But the rumors are ruled out with implementation of various regulatory measures like mortgage caps, rental caps and increase in registration fees. Central Bank of UAE and Dubai Land Department worked together and designed policies to prevent market from another crash.
Despite all regulatory regimes, investors found it profitable investing in Dubai real estate sector. Especially after securing second position among the world’s wealthiest real estate investment market, the emirate has become the most desirable destination for business and investments after London. Success trends of business, economy and investments are the major attractions which are fascinating investors across the world. According to a survey, High Net worth Individuals (HNWI) from Oman and Bahrain were more concerned to invest in Dubai real estate. Top factors pulling attention of HNWI include luxury lifestyle offering of the city, ability to own the ownership of a second home and total peace of mind of making profitable real estate investments in the city.
Escalating foreign investments
Rising interest of local and foreign institutional investors in real estate sector is not surprising as city economy is already showing significant surges. Institutional investors from foreign countries are taking strong interest in investing Dubai property market. Ravi Pillai a Bahrain-based investor has declared $1.5 billion dollar investment for two real estate projects. Whereas, a Hong- Kong based Chow Tai Food Endowment Industry has announced to invest $ 1.9 billion dollars in two projects of five star hotels respectively.
Rising investments by emirate local investor
Besides these foreign investments, Emirates mega developers like Emmar also declared the launch of two community projects named Lila and Yasmin at Arabain Ranches. Nakheel another renowned name in construction and development announced selling land plots in its noteworthy developments. Other regional developers like Dubai Investments a listed firm of Dubai Financial market publicized the launch of a joint venture real estate project with Orion Real Estate Development that worth AED 3.5 billion. The MAG Group also launched a mix-use project in Healthcare City of cost AED 800 million. Moreover, the same construction group also announced a joint venture project of two hospitals with Dubai Healthcare City on area of 260,000 square feet. Lastly, the leading developer Union Properties also disclosed the launch of an upscale residential project in Motor City. The project first phase will deliver 78 villas, and 74 villas and 58 apartments to deliver in second phase. Dubai property market trends have depicted developers to continue launching expansion projects of existing communities along new projects.
Moreover, the successful bid to host Expo 2020 enabled the city to gain local and international investor attention. The event has developed a positive sentiment among businessmen and investors. It is expected the largest world event to revamp the economic landscape of the city. Investors are sowing investment seeds in the hope to receive profits by 2020.
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