Dubai has secured the top spot globally among the best real estate markets for investors and buyers, according to “Norada.” The real estate market in Dubai topped the company’s property report, which reviews the top 10 markets worldwide offering distinctive investment opportunities for buyers and investors. The report emphasized Dubai’s thriving economy and strategic location, making it an attractive hub for international investors, especially with ambitious government projects such as Expo 2020 initiated two years ago.
“Norada” expects property prices in Dubai to continue rising with further growth, particularly in the luxury real estate sector. The report highlighted the strength of the rental property market in the emirate, making it a good choice for investors. The report advised investors to focus on emerging neighborhoods in the emirate, citing Dubai South and Jumeirah Towers, where low purchase options are available, with expectations of high growth rates in the near future.
The report also covered real estate markets in other global cities such as Lisbon in Portugal, Berlin in Germany, Amsterdam in the Netherlands, Miami in Florida, USA, and Austin in Texas, USA.
“Norada” emphasized that the global real estate market offers a diverse range of options for investors with different budgets and risk appetites, considering Dubai as one of the established markets in maintaining its attractiveness.
In addition, real estate transactions in Dubai recorded AED 16.59 billion last week through 3,785 deals, valued at AED 12.4 billion. Among these transactions were 216 land deals worth AED 4.91 billion and 2,729 deals for apartments and villas worth AED 7.49 billion. Notable land transactions included a deal worth AED 2.43 billion in Al Yalayis 5, followed by a transaction worth AED 64.09 million in Al Habai 4. Palm Jumeirah recorded the highest number of transactions with 35 deals worth AED 850.21 million. The report concluded with details on significant property transactions in different regions of Dubai.