Real Estate Sector Latest News, Updates & Insights – PropertyPistol Blog

After over two years of skyrocketing rents, some of Dubai’s most sought-after neighborhoods are beginning to see rent growth slow down, according to a report from CBRE Group Inc., a real estate adviser. Rents soared to record levels last year as the Middle East financial and business hub attracted an influx of new residents. The average rental rate rose 20.6 percent in the year to September, slightly less than the rise of 21.7 percent a month earlier, CBRE said. … Read more

Luxury real estate is one of the most sought-after investments in Dubai. Chinese and Russian real estate investors are major contributors to the Dubai property market. Luxury properties are expected to become a lucrative source of income due to a higher rate of return on investment. Some of Dubai’s most sought-after investment areas include: Dubai Marina Dubai Marina Beach Dubai Marina and Beach Residences are well developed and well connected to Dubai’s top tourist attractions. Rent and sales value in these areas are expected to be higher than in other, less developed areas.… Read more

With the world shut down due to the COVID-19 pandemic, Dubai quickly became the go-to destination for international tourists. Many well-off families found Dubai to be a haven. The US Federal Reserve’s low-interest rates helped drive asset price inflation around the world. This, in turn, drove a lot of people to buy luxury real estate in Dubai. Economic Growth The UAE’s economic growth was driven by steady increases in oil prices, which helped the economy. Regulatory Reform Ultra-high net-worth individuals were drawn to Dubai because of its tax environment.… Read more