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November-December 2020 marked a turning point in the market recovery after the first and worst period of the pandemic. November 2021 records the results of this fracture. Between November 2020 and November 2021, there were 55,640 real estate transactions for $36.86 billion. In terms of the total number of transactions, this year was the highest since 2014. The Dubai Land Department provides this data. When comparing November 2020 and 2021, the total number of transactions increased by 80% and reached $ 4.88 billion. One of the main reasons is the long-lasting effect of the EXPO-2020, which by December 2021 had already attracted more than 6.3 million visitors to Dubai. There are no good reasons for changing the growing trend, so real estate prices should continue to rise in 2022...

Dubai market summary of the year by International Bankier. The professional financial publication International Bankier has released a summary of the main trends and results of 2021. In 2020, Dubai’s economy suffered the worst of the pandemic, but the past year not only prevented losses but also broke several long-standing records. In government regulation, several reforms have been implemented to lower the threshold of entry for foreign investors. For example, mortgage interest rates have been lowered to 20%, and the requirements for a three-year resident visa have been reduced from $272,000 to ~$205,000. During the fight against coronavirus, on the one hand, many quarantine restrictions were relaxed, and on the other hand, a national vaccination program was launched. More than...

UAE companies take first place. The list was compiled by Forbes Middle East based on financial indicators, reputation, age of the company, and the value of completed and under-construction projects. The Forbes ME "Top 50 Real Estate Developers In MENA 2021" rating is based on a review of the leading companies in the MENA region (North Africa and the Middle East). If the company has produced a large or significant construction project on the market this year, it is added to the list. Those companies that have put the property into operation, but it is not working yet, are not included in the list. The construction company Emaar Properties ranks first in the rating. The company is based in Dubai, is one of the largest developers in the emirate and specializes in various luxury real estate...

In November 2021, ValuStrat, a consulting agency, released a report on the emirate's real estate market. Villa prices have reached a pre-pandemic level, but their growth rates should decrease in the future. Villa prices are reaching their record figures of 2014. Thus, houses in Palm Jumeirah are only 3.9% cheaper than at the peak of this year. The capital value of the villas set an annual growth of 34.1%, monthly growth ranged from 2 to 2.9%. The emirate’s "old" communities, such as Arabian Ranches, showed the highest growth. Areas of the highest growth: In Arabian Ranches, annual growth was 34.1%, monthly growth was 2.7%; In Jumeirah Island, annual growth was 33.9%, monthly growth was 2.9%; In Lakes, annual growth was 31.2%, monthly growth was 2.9%; In Meadows, annual...

Demand from foreign buyers and investors should remain strong — The National. The UAE real estate market has started to grow, recovering from a three-year decline in oil prices since 2014, reinforced by a constant oversupply and the onset of the COVID-19 pandemic. The growth is supported by continued high demand from foreign buyers, government support measures, and successful vaccination campaigns. Property prices are constantly rising, but their growth will be restrained by the early commissioning of new residential units, especially apartments. According to preliminary data, next year, developers will put into operation from 50,000 to 60,000 new properties on the market. Its marketing strategy, positioning the city as a «quiet bay» against the background of...

From January to September 2021, 12,175 apartments and 1,600 villas were commissioned on the market. It is expected that 8,000 new apartments and 1,300 villas will be built on the market by the end of this year or early 2022. Overall, the real estate market in Dubai has been growing since late 2020, when most of the quarantine restrictions were lifted. The construction of villas in the first half of 2021 continued with overall growth in the second half associated with Expo 2020. It was the high expectations of Expo 2020 that led to a significant rate increase in the third quarter. However, the Expo will end in March 2022, and there is a high probability that this will not be enough to sell new properties. Sales prices, according to Asteco, should be much better and provide significant...

In 2023, real estate prices are expected to increase by around 5%. Reuters conducted a survey of real estate market analysts for expected price changes next year. The price increase should be double that predicted three months ago. The main drivers of growth should be the demand from foreigners and the greater accessibility of real estate to buyers in general. The vaccination process is going well. The UAE uses several types of vaccine, including Pfizer and Sputnik V. With a population of 9.89 million people, more than 21 million doses of vaccine were sold. Thanks to such successes, the Dubai government continues to relax quarantine restrictions. Omicron is a danger to international communication. However, according to the latest data, vaccines help combat a new variation of COVID-19...

For 11 months of 2021, the amount of transactions in the emirate reached $36.86 billion. Expo 2020, held in Dubai, has a tremendous positive impact. The Government of the Emirate began publishing data on the number and total value of real estate transactions eight years ago. In November 2021, real estate transactions reached 7,000 in number and $4.88 billion in total value. According to Property Finder, 55,651 transactions totaling $36.86 billion were made during the 11 months of the current year. This is an increase of 88.39% over 2020 and the highest figure since 2014. When comparing November to the previous month, the growth was 30.8% in quantity and 36.9% in value. The off-plan real estate segment grew by 50% between November and October. The number of transactions in the finished...

December begins, and various market players are ready not only to take stock of this year but also to anticipate future development. In the last week of November, the real estate sector earned $871,000,000. A significant amount came from a transaction in the Island 2 multifunctional complex — $ 16 million. A total of 1,186 deals were made: 120 for land and 787 for apartments and villas. The community leaders are Jabal Ali First, Nad Al Shiba Third, and Al Yufrah — 49 transactions for $37.7 million, 12 transactions for $9 million, and 11 transactions for $2.72 million, respectively. The main sales were for apartments. The top 3 are apartments in Marsa Dubai ($84.3 million), Palm Jumeirah ($65.6 million), and Burj Khalifa ($47 million). According to the data and accumulated...

The new development strategy and the postponed construction due to the ongoing pandemic are having an impact on the slowdown in the UAE. By the end of the quarter, 3,700 residential properties were commissioned in Dubai: 100 villas and 3,600 apartments. By the end of the year, another 9,300 housing units will be put into operation from the Azizi Developments "Riviera" project. Some projects will be completed in 2022. The indicators of this quarter are significantly lower than the previous one. Asteco, UAE’s leading management company, has published this information. There will be a continuing demand for villas with large living space. This segment leads in growth rates among other offers. The market is also recovering quickly, but there will be no oversupply. According to Knight...

The market is experiencing a slowdown in the commissioning of new real estate on the market. In the third quarter of 2021, only 100 villas were put into operation. According to the results of the third quarter of 2021, prices for villas in Dubai increased by 37% when compared year-on-year and by 9% when compared with the second quarter of this year. Apartment prices increased by 14% over the year and 6% by the second quarter. In the third quarter, according to the report, UAE Real Estate Report Q3 2021, the total number of commissioned properties decreased significantly — only 100 villas and 3,600 apartments. So far, however, another 9,300 properties are expected to be introduced. The developer who should provide this number is Riviera from Azizi Developments. Villa prices in...

Developed in cooperation between the Dubai Land Department and the PropertyFinder portal, the Mo'Asher real estate price index indicates that October 2021 turned out to be the best October in the last 8 years. The base points for the index are 2012, for comparison by year, January 2012, for comparison by month, and Q1 2012, for quarterly comparison. In October of this year, 5,352 there were 5,352 real estate transactions registered totaling $3.57 billion. Thus, in the first 10 months of 2021 in Dubai, there were a total of 48,651 sales transactions totaling $48.3 billion. It represented a 63.4% increase over the year 2020 and was the best annual increase since 2015. The villa and townhouse index has gone up 14% in the last six months. 60% of all transactions in October relate to...

Indian expats are a key category of investors in the United Arab Emirates and almost 75% of them are interested in investing in real estate in Dubai and the country's stock market, as well as starting a business. Indian investors are present in many markets around the world, but it is in the UAE that the interest rate is so high, while the global average is around 59%. According to the survey «Global Indian Pulse» of the financial conglomerate HSBC, 56% of Indians consider real estate as the most attractive asset for deposits. Simultaneously with Dubai, Indian investment has increased in recent years towards Abu Dhabi and Sharjah. Indians are willing to invest outside of renting earnings. One of the attractive features is obtaining a golden visa (a 10-year visa)...

Regulated by DFSA, the financial authority of the FEZ DIFC, the investment crowdfunding platform is looking for new ways to capitalize by providing services to rich and super-rich investors. SmartCrowd is a company and service of the same name established in Dubai, DIFC in 2018. This service operates in a similar way to any other crowdfunding platform. SC organizes fund-raising for point investments in promising properties. Income from such real estate, in whatever form it may be, is shared among depositors in appropriate proportions. A distinctive feature of the service was the emphasis on attracting small individual investors. At the moment, any person with AED 500 available can become a real estate investor through SmartCrowd. However, late last week, the company announced a policy...

Dubai classically benefits from investor interest, but the real star is Abu Dhabi. Although it is possible to obtain long-term visas when purchasing real estate, the UAE policy of issuing such visas, depending on the type of occupation, is a real incentive for Indian investors. It is on this principle that professionals and top management from the banking and financial sectors of India become residents of the Emirates, which entails an interest in acquiring local real estate. Expensive, luxury real estate. Abu Dhabi, the capital of the United Arab Emirates, has become particularly popular with wealthy buyers. However, Indian buyers are interested in real estate as their "second house". Migration is out of the question. The professions listed for 5-year and 10-year visas are not...