Dubai… A land of luxury. A place where opulence knows no bounds. A city of absolute wonderment. And it is here that you can find some of the most exclusive, luxurious, and once-in-a-lifetime kind of homes.
Dubai’s real estate market is currently witnessing an interesting curve. While 2020 came with its set of factors that affected not just the real estate market, but the world at large, it also boosted reforms in Dubai’s property laws and residency visas.
In 2020, the property market had a massive decline in terms of pricing and rent. This has also been the time that saw a very high number of transactions in this sector. December 2020 had the highest number of transactions in a month within the last two years.
In an unprecedented new move in the Middle East, UAE announced on Saturday, 30th January 2021, about the new amendments to its citizenship law. It is now possible for expats to opt for UAE citizenship, if they are foreign investors, doctors, scientists, artists and talented people.