January 2022 -
Dubai has always been an aspirational global city that bridged various cultures, people and societies under tolerance, progression and harmony. The urban value creation, visionary placemaking and global connectedness have enhanced its appeal over the years. With several positive attributes, the city opened the door to opportunities for people to live, work and play and is home to countless residents. Several sectors have boomed at the forefront of innovation and sustainability, and real estate is one of them.
Post Expo 2022, Dubai's residential market encountered a boost, where, in the first quarter of 2022, the residential stock climbed to 657,000 units, delivering almost 17,000 new units, according to JLL Mena. As a result, the real estate market propels itself further upwards with positive investor sentiments and high demand for residential apartments. Moreover, it is believed that the year-end will deliver an additional 42,000 units.
As buyers and investors are eager to secure real estate investment opportunities in Dubai, the residential sales prices doubled in Q1 of 2022, as per JLL Mena. As a result, investors are flocking from around the globe and are seeking investment prospects in Dubai. In addition, the diverse cultural experience, enhanced business activity, eclectic investment prospects, and booming real estate have encouraged global investors to make investments in Dubai.