The property markets’ all over the world have risen during the pandemic. It seems that people had time (and money) to take a raincheck on what they really wanted to get out of life, and getting on the internet to research the best ways forward led to many playing the stock market, getting into crypto and searching for property.

Now the market is buoyant but everyone is expecting this to be a short lived hiatus and property prices will start to come down. This may be true in countries that have, for a long time been at a high price, but Dubai is a slightly different animal because of a few factors: –

• The prices in Dubai pre-pandemic were in a slump after five years of downward movement. This was before parts of the world really understood the Dubai property market. The pandemic changed this and now European’s and South Americans are interested along with all the other nationalities that have always been keen on buying a property in Dubai (Russian, Arabic, Indian, Pakistani, Chinese, African). Because Dubai started from a low point it has only gone up in comparison to other, more established cities, so prices are still very competitive on a global scale.

• The range of real estate and the locations are some of the best in the world. Dubai is a city on the beach and the architecture, design, plot sizes, sea views and beach access is some of the best any buyer will find and the best in the Middle East. The progression in the real estate construction gives buyers a choice of wonderful properties which are in short supply elsewhere.

• Buying in the summer months is the time to buy! It always surprises me that the ‘follow the herd’ mentality is strong in the real estate market. Buyers are most interested when everyone else is buying and least interested when everyone else is having a ‘time out’ for summer holidays, when the media is scaremongering or when the weather is too hot. Smart buyers should make enquiries when everyone else is sleeping on the market. There are good savings to be made with the right advice and timing. This price saving can compensate a buyer for any alterations in market conditions.

• Significant changes are taking place at government level to facilitate Dubai as a business hub over the coming years. Long term visas are easy to get, business set-up is the best it has ever been, the transport network is going from strength to strength (Etihad Rail is nearing completion and will link a number of Arabic countries) and the cost of living is still comparatively low with little or no taxes.

• Dubai is positioning itself strategically to welcome investors and families who want to escape the higher cost of living in their own countries. It has already been seen that Dubai is a popular location for people to move to when countries start to impose certain restrictions and costs on their population. The country is open to anyone as long as they are coming to Dubai to work and maintain a high social level. People will be seeing Dubai as a good alternative to where they are currently living.

All of these factors set Dubai apart from most of the rest of the world at the moment. For anyone who is considering moving home then buying and renting in Dubai is one of the best options available.

Why invest in Dubai?

1. A city on the beach.
2. Excellent safety and stability through long term government.
3. Freehold properties meaning permanent ownership.
4. Secure investments in prime locations.
5. Tax free rental income.
6. Easy connectivity throughout the city and beyond – due to significant investment in transport, including Etihad Rail.
7. Progressive economy – fastest growing economy in the MENA region.
8. New business initiatives attracting small and large businesses to relocate.
9. Long term residency visas.
10. Global geographic location in between Europe and the Far East.
11. Fabulous projects using the best architects in the world to create amazing spaces.