The Impact of Real Estate on Dubai's Economy

real estate market

transactions

sales

11,735 transactions involved the sale of property off-plan Compared

the

year, this

30% increase The

visa policies,

the golden visa, freelancers visa, and green visa,

the off-plan property sales

by offering a

prompt vaccinations The

family-friendly businesses,

real estate firms, under

new regulation that will go

January

The middle-income groups wanting to rent or buy property are feeling a little uneasy, whereas real estate groups dealing with luxury properties are unaffected by high mortgage rates and real estate prices This could be considered a major problem for the UAE real estate market Due to the turbulence in the outside world (Ukraine and Russia), investors now see Dubai as a secure place to place their real estate investment funds Real Estate Market Off-plan property sales Government Support Dubai a safe real-estate investment option Key issue in the real-estate sector For more information, please visit : https://www.al-majid.com/group_businesses/real-estate/ 1 2 3 4 5

Dubai's initial economic foundation was mostly based on oil profits It once contributed 50% of the GDP of the emirates, but over time, real estate has surpassed it The

experienced its best performance in 12 years during the third quarter of 2022 A total of 25, 456

were registered

transactions, up 61 96% from the previous year

to

prior

is a

newly implemented

such as

helped

The Emirate sustained its residents and visitors despite the terrible pandemic

well-thought-out pandemic plan that included

government of the United Arab Emirates has backed numerous

including

a

into force in

2023