How do you currently see the real estate market in Dubai?
For a few weeks now, I've been getting "inflationary" contact from all kinds of real estate agents who all want to sell me properties in Dubai😅
If they are now suddenly all approaching me via cold calling, the buyer's market seems to have collapsed. If there was enough demand, they wouldn't have to approach me otherwise 🤔
For a few weeks now, I've been getting "inflationary" contact from all kinds of real estate agents who all want to sell me properties in Dubai😅
If they are now suddenly all approaching me via cold calling, the buyer's market seems to have collapsed. If there was enough demand, they wouldn't have to approach me otherwise 🤔
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@TomTurboInvest Interesting observation!
Dubai's real estate market is booming (prices +17% since 2023, luxury segments even +20%), but at the same time over 19,700 luxury villas and countless residential projects are springing up. Many estate agents are concentrating on this new-build sector, especially on "off-plan" sales (60% of all deals), where they buy properties that are still under construction. Hence the push: it is less about an acute shortage of buyers and more about competition among estate agents for shares in these projects.
Nevertheless, there are real drivers: international investors (Russians, Europeans, Asians) are using Dubai as a safe haven with tax advantages, rental yields of 6-9% (vs. 2-4% in Europe), population growth of 5-8% per year, etc.
BUT: Not everything is going well. In the mid-price segment (JVC), the large amount of new construction could lead to price stagnation from 2025. In the luxury segment (Palm Jumeirah etc.), on the other hand, demand will remain stable for the time being.
The market is hot, but not the same everywhere. The flood of estate agents shows above all that there is a LOT for sale right now, not necessarily too few buyers. Of course, the Ukraine war risk factor also plays a role.
Dubai's real estate market is booming (prices +17% since 2023, luxury segments even +20%), but at the same time over 19,700 luxury villas and countless residential projects are springing up. Many estate agents are concentrating on this new-build sector, especially on "off-plan" sales (60% of all deals), where they buy properties that are still under construction. Hence the push: it is less about an acute shortage of buyers and more about competition among estate agents for shares in these projects.
Nevertheless, there are real drivers: international investors (Russians, Europeans, Asians) are using Dubai as a safe haven with tax advantages, rental yields of 6-9% (vs. 2-4% in Europe), population growth of 5-8% per year, etc.
BUT: Not everything is going well. In the mid-price segment (JVC), the large amount of new construction could lead to price stagnation from 2025. In the luxury segment (Palm Jumeirah etc.), on the other hand, demand will remain stable for the time being.
The market is hot, but not the same everywhere. The flood of estate agents shows above all that there is a LOT for sale right now, not necessarily too few buyers. Of course, the Ukraine war risk factor also plays a role.
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