The first question, I get asked when I am on airplane, is whether it is the right time to invest in Dubai’s real estate market.
Post 2008, I am sure everyone wanted to steer away from the real estate sector but the confidence has returned. People were investing in the UAE much earlier than the EXPO 2020 win. This shows the investors confidence and it is not a playground for speculators any more.
I am sure as in any market, speculators are also present, however, with the strong rules and regulations in place these are all things of the past. These laws will enable the industry to sustain the growth for a long period of time.
All the major developers are active and they are putting their best foot forward to attract the right customers and create a niche for themselves in the market. This is a great opportunity for investors who would like to be here in this city for the next few years and it would make sense for them to buy a property as compared to renting a unit.
People from across the Middle East and across the globe, are looking at ideal destinations like Dubai to make new beginnings. So that brings in the extra set of people to the country, which means that they would need schools, cars, houses to stay and basic necessities. This definitely adds to the economy and has a ripple effect.
With new VISA rules, upcoming EXPO 2020 and higher returns of investments as compared to other world economies and with a safe haven status, Dubai is the right destination for investors.
