Dubai Real Estate

According to a report published by the Department of Real Estate Studies & Research, Dubai Land Department (DLD), with an investment of over Rs 16,800 crore, Indians have emerged as the largest foreign investors in the city’s real estate sector in the first nine months of 2018. The prime factors attracting Indian buyers to the Dubai real estate sector include active promotion by Dubai-based developers, technological access for buyers through online portals, ease of property registration, assured capital gains, high rental yields, tax-free returns and affordability.

There has been a positive shift in Dubai’s realty market in the year 2018, despite the fact that sales volume remained soft. Experts believe that the momentary pause in the year will lead to a stronger 2019. Will 2019 be a comeback year for Dubai realty?A look into the transactional activity of off-plan and ready units reveals that the market was fairly balanced in 2015; this changed dramatically...

Despite various significant initiatives and broad-based recovery in oil prices, property prices in Dubai are under pressure mainly due to rising volumes of supply. Also, with transactions running at approximately 25 per cent lower rates on a year-on-year basis, launches by developers have also slowed down.

Considering the property price difference between general and prime properties in Dubai is widening, experts believe that it is a sign of rebound for luxury properties.

Here’s how long should a property be held to ensure financial viability in terms of the costs involved.