Dubai’s real estate has gloriously moved out of the 2008 economic downturn and since then has recovered at a jet speed. While the real estate market in other parts of the world such as Europe, USA, Russia, China, India, and Brazil, is still facing some lumps due to the sharp decline in prices, the region’s sector is growing continuously. In fact, Dubai is at the top of the priority list of investors around the world.
The demand for properties here, be it commercial or residential, has been surging. Among the factors that have paved the way for this upward trend are the new laws enacted by the government in favour of investors.
The residential real estate properties in Dubai, whether for sale or rent, include luxurious apartments, villas, and townhouses. Meanwhile, commercial real estate properties in the region consist of office complexes, towers, labour houses, and warehouses. Through the years, these properties have attracted several investors even from overseas.
Dubai’s real estate market is also a hub for holiday properties such as hotels, resorts, beach resorts, villas, and condos, which are offered for both short- and long-term rentals. With a vast array of rental options available for staycationers and tourists alike, Dubai is the only city in the world that is home to 7-star hotels along with the cluster of 5-, 4-, and 3-star hotels.
With the uninterrupted boom of Dubai amidst the fateful global financial crisis in 2008, it is quite easy to map its continuous growth in the coming years. The top investors of the world consider the region as the most secure and lucrative place for real estate investment today and the years to come.