Flats in Dubai Hills retain attractiveness to the capital providers from abroad. This is evidenced by the demand and sales of housing in October. According to a report by the real property consulting company ValuStart, on average in October 2021, the cost of housing increased by 12.6% on an annualised basis. The rise in price for the month was 1.8%. For statistics, we analyzed sales figures in 21 residential areas and 13 cottage communities.
The official website https://www.axcapital.ae/ told more about what is happening in Dubai now.
The current situation in the Dubai property market
Advanced states go on investing in Dubai property, thanks in part to the global Expo 2020. While analysts state the moderate increase, they believe the positive effect will still prove itself.
Most of the expenditures are brought by the citizens of India and Pakistan, who make up 20-30% of the total number of capital providers in the Dubai property segment. They continue to extensively invest in the growing market in the region.
Global capital providers strive to invest in the Emirate’s property market as it proposes favourable infrastructure, tax exempt status, new visa opportunities and 100% possession of capital abroad.
The recent figures pointed out that Israeli capital providers are entering the market this year and can come into the top 10 most material investors club. According to Zoom Property Insights. The entrepreneurs from the subcontinent are not inferior to them and are also ready to take leading positions in the ranking.
Analysts and property experts said visa reforms, successful pandemic management, and vaccinations are some of the key factors that have contributed to the recovery of capital providers from abroad in 2021.
Ata Shobeiri, CEO of Zoom Property, said foreigners have invested enormous resources in Dubai over the past few years. According to Shobeiri, “India, Pakistan and the United Kingdom are incumbents in the property market, but, capital providers from Israel will catch up very soon under the current circumstances.”
List of the most active capital providers
The data provided by DLD show that India, Pakistan, UK, Saudi Arabia and China are among the top countries to spend money on the Dubai property market.
During 2020, in the active phase of the struggle against the pandemic, the Dubai property market was still showing stability and engaging expenditures from abroad. Indian, Chinese, British, Pakistani and French capital providers were the most active. In addition to them, the investment initiative is also actively manifested by the member states of the Cooperation Council for the Arab States of the Gulf: Saudi Arabia, Oman, Kuwait and Bahrain.
Purchase of property in Dubai
The coveted dream home in Dubai may already be waiting for you at Ax Capital. Ask the realty specialists for assistance in the looking for and purchase of property. The specialists will render comprehensive support in the process of the transaction and provide post-market service.