Sophisticated and smart global investors drive Dubai realty market

9 April 2023, Gulf Today

With global economic instability and financial fragilities continue to get higher, Dubai real estate provides an ideal opportunity for those sophisticated and smart global investors who want to preserve their wealth.

This was shared by Kashif Ansari, Co-founder and Group CEO Juwai IQI, which is the international real estate technology group that powers property transactions and ownership locally and globally.

Ansari added that the volume and numbers in the realty estate transactions on daily basis clearly indicate that Dubai real estate market is an excellent trophy investment opportunity for those global investors who value the asset class for wealth protection.

“In my opinion, it’s an strategic move from those investors as Dubai real estate is poised to provide stronger rental income and capital appreciation.”

Dubai real estate market is easily comparable with New York, London, Paris, Tokyo, Toronto and Chicago.

So the question is what are the 3 major reasons for global investors interested in Dubai real estate market .

High valued asset class, stronger rental yields, world class big investors.

According to Statista latest report on prime property in the world, Dubai ranks as of the real estate market destination for sophisticated and smart investors. Square meter for prime residential property $1 million can buy. Kashif shared his insight that 3 areas remain on the investors radar that is Palm Jumeriah, Emirates Hills and Jumeriah Bay

According to the market insights from CBRE the rental market in Dubai is very strong and continues to get higher trajectory. The average rents surged to 27.7 per cent during the first two months of 2023. This demonstrates that Dubai market is pretty attractive for those global savvy and smart investors.

Moreover, CBRE Dubai Residential Market has reported that average apartment and villa rents increased by 27.9 per cent and 26.3 per cent, respectively. We at Juwai IQI expect this number to hit 30% by year end.

According to Juwai IQI Dubai office market intelligence, Palm Jumeriah average rental yield has touched 27-28% which is growing at a rapid pace.

“Dubai real estate remains the global investors paradise for smart investment. Ansari remains buoyant on the Dubai real estate market outlook based on the premise that value for investments, wealth protection, real estate is the new global currency, buyers market, growth region.” Ansari concluded.