High officers on the press convention in Dubai.
Inayat-ur-Rahman, Enterprise editor
As we navigate stormy instances within the monetary markets, subtle, world-class traders proceed to take a long-term place within the Dubai actual property market.
Actual property in Dubai is the brand new world foreign money. Sturdy, secure and stable returns for the long run.
This was said by Kashif Ansari, CEO and co-founder of Juwai IQI, throughout an unique interview with Gulf At this time.
Juwai IQI is a global actual property expertise group that allows actual property transactions and possession domestically and globally.
In keeping with world monetary information, actual property funding will proceed to rise as many sovereign wealth funds, endowments and pension funds purchase actual property for secure returns in these difficult monetary markets.
Ansari mentioned Dubai’s actual property market may simply appeal to $20-25 billion from world traders within the subsequent 2 to three years. The explanations are quite simple.
“The Dubai actual property market gives higher returns than New York, London, Tokyo and Singapore. In keeping with the UBS Actual Property Index report, Dubai’s actual property market remains to be inexpensive and cheaper.” Ansari added.
“New developments and tasks on the secondary market proceed to draw traders. In keeping with Arabian Enterprise, off-plan actual property transactions in Dubai recorded a rise of $8.2 billion in three years.”
“The newest Arab enterprise report confirms Juwai IQI’s view that Dubai’s actual property sector recorded Dhs102 billion ($27.8 billion) in gross sales this summer season, based on W Capital.”
“World traits will proceed to assist the Dubai property market, with excessive internet price people taking positions in Palm Jumeirah, Dubai Marina, Dubai Harbour, Dubai Hills and Jumeriah Village Circle.”
Dubai’s actual property market is anticipated to proceed rising in 2023 attributable to sturdy demand and the tangible asset class. The worth of actual property in Dubai is anticipated to regularly improve by 20 to 25 % over the following two to a few years. Dubai is the marketplace for sensible, world-class traders.” Ansari concluded.