The Dubai real estate market has long been a focal point for investors and homebuyers, and after navigating past challenges, it’s now on a path to steady growth. A recent report highlights an uptick in serious buyers investing locally, signaling a positive shift for the industry. In this blog, we’ll dive into the current state of Dubai’s real estate market, explore the key drivers of growth, and what these trends mean for investors and prospective buyers. The Current State of the Dubai Real Estate Market Dubai’s real estate market has undergone significant transformation over the past few years. After a period of rapid expansion, the market faced a slowdown due to oversupply, reduced demand, and global economic uncertainty. However, the market has shown remarkable resilience and is now on the rebound, driven by strategic government initiatives, infrastructure investments, and a growing demand for both residential and commercial properties. The Dubai government has rolled out several measures to stimulate growth, including offering long-term residency options for expats and introducing the 100% foreign ownership law. These initiatives have helped restore investor confidence and attract a wave of international investment into the local market. Key Factors Driving Market Growth Several factors are fueling the resurgence of Dubai’s real estate market. Let’s take a look at the key drivers: Increased Demand: Dubai’s growing population is one of the primary factors driving demand for housing. The city’s business-friendly environment, world-class infrastructure, and high standard of living continue to attract expats and entrepreneurs, creating a steady need for residential and commercial properties. Government Initiatives: The Dubai government has unveiled a number of progressive policies to support the market, including the ambitious Dubai 2040 Urban Master Plan, which aims to transform the city into a more sustainable and livable space, encouraging long-term investment. Infrastructure Development: Major investments in infrastructure are enhancing Dubai’s appeal. Notable projects such as the expansion of Dubai International Airport, the development of Dubai South, and the construction of new roads and highways are making the city more accessible and attractive for both residents and businesses. Expo 2020: Though delayed, Expo 2020 had a lasting positive impact on Dubai’s economy and real estate market. The event attracted millions of visitors, further solidifying the city’s reputation as a global business and tourism hub, and boosting investor confidence. Growing Trend of Serious Buyers Investing Locally A key development in the Dubai real estate market is the growing number of serious buyers choosing to invest locally. Several factors are driving this shift: Affordability: Over recent years, Dubai’s real estate market has become more affordable, particularly in comparison to other major global cities. This makes the city an attractive option for both first-time buyers and seasoned investors. High Rental Yields: Dubai offers some of the highest rental yields in the world, making it a highly appealing location for property investors looking for strong returns. Long-Term Growth Potential: Dubai’s strategic location, dynamic business environment, and ongoing infrastructure improvements all point to continued long-term growth in the real estate market, making it a sound investment choice for those looking to hold properties for the future. What This Means for Investors & Buyers The steady growth of the Dubai real estate market presents various opportunities for both investors and homebuyers. Key takeaways include: Investment Opportunities: Dubai’s real estate market offers diverse investment opportunities, ranging from residential apartments to commercial properties. Whether you’re looking to diversify your portfolio or enter the market for the first time, there are plenty of options to choose from. Rental Income: Investors looking to generate steady income can take advantage of Dubai’s attractive rental yields. With a strong demand for rental properties, the city offers excellent opportunities for those seeking passive income streams. Long-Term Investment: Dubai’s real estate market has demonstrated resilience and long-term growth potential. Investors looking for a stable, long-term asset will find Dubai to be a prime destination for property investment. The Bottom Line Dubai’s real estate market is poised for continued growth, driven by government initiatives, infrastructure development, and a sustained demand for housing. The trend of more serious buyers investing in local markets is a promising sign of a healthy, dynamic industry. Whether you’re an investor seeking high returns or a homebuyer looking for a world-class lifestyle, Dubai offers ample opportunities for success. With its strategic location, business-friendly environment, and world-class infrastructure, Dubai remains one of the most attractive destinations for real estate investment, ensuring that it continues to capture the attention of global buyers and investors alike.

Dubai is experiencing a boom in luxury real estate, with a new wave of high-end residential developments poised to meet the growing demand for sophisticated living spaces. The list of upcoming property launches in Dubai for November 2024 features a range of luxurious apartments and villas that align with the city’s ambitious vision of becoming the global hub for luxury real estate investment. New Property Launches in Dubai – Apartments As the appetite for upscale living continues to grow, Dubai will see numerous luxury property launches in November 2024. With unparalleled amenities and prime locations, these properties cater to a diverse range of buyers, from first-time homeowners to seasoned investors. Here’s a roundup of some of the most anticipated apartment projects in Dubai: Amaal 8 Kicking off the new property developments is Amaal 8, a 48-storey mixed-use tower in Dubai’s Mohammed Bin Rashid City (MBR City). With 512 residences, including 1 to 4-bedroom apartments and luxury Infinity Collection units, Amaal 8 prioritizes sustainability, offering eco-friendly technologies and luxury amenities. Its prime location near the Ras Al Khor Wildlife Sanctuary further enhances its appeal. Developer: Ayana Holding Location: MBR City, Meydan Horizon Property Types: 1 to 4-bedroom apartments, luxury penthouses Tentative Handover: Q4 2028 Berkshire Park Nestled in the vibrant Town Square Dubai, Berkshire Park offers elegant 1 to 3-bedroom apartments and 3-bedroom duplexes. The development boasts modern kitchens, spacious interiors, and community-focused amenities like parks, retail outlets, and restaurants, all set against lush green spaces. Developer: NSHAMA Location: Town Square Property Types: 1 to 3-bedroom apartments, 3-bedroom duplexes Tentative Handover: Q3 2027 Binghatti Grove Binghatti Grove is a contemporary 50-storey tower in Jumeirah Village Circle (JVC), offering stylish 1 to 3-bedroom apartments. The development combines modern luxury with practicality, providing easy access to Dubai’s major destinations, making it an attractive option for investors and homeowners alike. Developer: Binghatti Developers Location: Jumeirah Village Circle Property Types: 1 to 3-bedroom apartments Tentative Handover: Q1 2026 Binghatti Skyrise Another major project by Binghatti Developers, Binghatti Skyrise will be a trio of luxury towers in Business Bay. Located near iconic landmarks like the Burj Khalifa and Dubai Mall, the development offers stunning panoramic views and waterfront living. Developer: Binghatti Developers Location: Business Bay Property Types: Studios to 3-bedroom apartments Tentative Handover: Q4 2026 Cove Edition 2 by Imtiaz Situated in Dubailand, Cove Edition 2 offers fully furnished studio to 2-bedroom apartments. This project will feature a rooftop pool, gym, and children’s play areas, catering to both residents and investors looking for luxury and convenience in one of Dubai’s most sought-after locations. Developer: Imtiaz Developments Location: Dubailand Property Types: Studio to 2-bedroom apartments Tentative Handover: Q4 2026 Eden House The Park Located along the Dubai Water Canal, Eden House The Park is a collection of luxury apartments with wrap-around terraces and stunning canal views. The development offers a range of studio to 4-bedroom units and a selection of penthouses. Its proximity to Downtown Dubai and Sheikh Zayed Road ensures residents enjoy both convenience and scenic waterfront living. Developer: H&H Developments Location: Dubai Water Canal Property Types: Studio to 4-bedroom apartments, 3 to 4-bedroom penthouses Tentative Handover: Q1 2027 Interstellar Tower In the heart of Jumeirah Village Triangle, Interstellar Tower will introduce futuristic living to Dubai with luxury 2- and 3-bedroom suites, cutting-edge technology, and sustainable architecture. This smart home-ready project promises an elevated urban lifestyle for discerning buyers. Developer: Mr. Eight Development Location: Jumeirah Village Triangle Property Types: 2 and 3-bedroom suites Tentative Handover: Q1 2027 Laguna Residence One Development’s Laguna Residence in City of Arabia offers AI-integrated living with a range of studios to 3-bedroom apartments, duplexes, and sky-homes. The development includes a private beach, lifestyle facilities, and the largest lagoon on a podium, making it a true retreat. Developer: ONE Development Location: City of Arabia Property Types: Studios to 3-bedroom apartments, duplexes, and sky-homes Tentative Handover: Q4 2027 Lincoln Star Located in Dubai South, Lincoln Star combines modern living with exceptional amenities such as a state-of-the-art gym, swimming pools, and landscaped gardens. The development offers studios and 1-2 bedroom apartments, making it an ideal choice for singles and small families. Developer: Lincoln Star Real Estate Development Location: Dubai South Property Types: Studio to 2-bedroom apartments, townhouses Tentative Handover: Q4 2025 MAG 777 MAG 777 is a premium residential tower in Dubai Sports City, offering 261 fully-fitted units, including studios, 1-bedroom, and 2-bedroom apartments. This lakefront development offers tranquility combined with urban vibrancy, making it a prime investment choice. Developer: MAG Developments Location: Dubai Sports City Property Types: Studios, 1 and 2-bedroom apartments Tentative Handover: Q4 2025 Marina Cove at Dubai Marina Located in the heart of Dubai Marina, Marina Cove is an exclusive waterfront development by Emaar. With its proximity to Dubai Marina Mall and Pier 7, residents will have access to top-tier dining, shopping, and entertainment options. Developer: Emaar Properties Location: Dubai Marina Property Types: 1 to 4-bedroom apartments Tentative Handover: Q4 2029 Ocean Tower In Dubai Islands, Ocean Tower offers luxury apartments with breathtaking sea views. Featuring modern architecture and high-end finishes, this project provides residents with a tranquil lifestyle while remaining close to the island’s vibrant amenities. Developer: Al Ansari Group Location: Dubai Islands Property Types: 1 to 3-bedroom apartments Tentative Handover: TBA   New Property Launches in Dubai – Villas In addition to apartments, Dubai’s luxury villa market is also set to see some exciting new developments: DAMAC Islands Dubai DAMAC Islands is an exclusive waterfront development that will feature villas and townhouses with 4 to 7 bedrooms. With its stunning contemporary design and prime location, this development offers luxury living at its finest. Developer: DAMAC Properties Location: Dubailand Property Types: 4 to 7-bedroom villas and townhouses Tentative Handover: Q4 2028 Greenville at Emaar South Greenville offers 3 and 4-bedroom townhouses in a peaceful setting near Expo City Dubai and Al Maktoum International Airport. With a strong emphasis on community living, this project provides green spaces, modern design, and convenient amenities. Developer: Emaar Properties Location: Emaar South Property

The real estate market of Dubai is booming and hence opens up a myriad of options for buyers across all the sections of society, ranging from residents to expatriates and even international investors. In most cases, however, it is not possible to pay for the full price of the property because its prices are quite high and investment is necessary to buy one. In such a scenario, mortgages prove to be an essential tool in helping people fulfill their dreams of owning property in Dubai. A mortgage secures funds to pay between the amount of purchase or available funds of the buyer. In Dubai, huge options for mortgages are operational on demand, and according to the varying needs and financial standings for the buyers. Below is the entire information regarding the mortgages of Dubai based on types through which you will understand through which option you’ll get the best one whether with or without residency and purposes of properties. Types of Mortgages in Dubai The mortgage types, therefore, range from short-term to long-term and serve different purposes as applied to meet the various needs of various buyers and their residency. The knowledge of the mortgages types is key in supporting buyers in making appropriate choices since they are influenced by either their monetary capacity or their respective properties. Below are a few common mortgage options provided: Mortgages According to Interest Type The interest rate placed on a mortgage is sure to affect payment and therefore cost. Therefore, when choosing a mortgage, getting the right interest rate sets the ball rolling; it’s among the paramount considerations. Fixed Rate Mortgage: The most popularly availed mortgage in Dubai by property buyers is the fixed rate. The principal reason for availing this mortgage is due to the predictable monthly repayment that makes budgeting a much easier affair. It usually applies for a short tenure ranging from one to five years. For this particular tenure, the interest is usually fixed and is not affected by the variations in EIBOR and other market-related factors. Advantages: Fixed-rate mortgage offers stability, which is quite ideal for someone looking for consistency in his or her payments. Shorter fixed periods usually correspond to a much cheaper rate. This allows one to a save cost, especially those planning on committing for a short term. Variable Rate Mortgage: They are very different from fixed-rate mortgage options, as the variable rate is changed periodically according to the prevalent EIBOR. This means that the monthly payment will change according to the market, making it a good option for those who can tolerate some degree of risk for the sake of having lower payments during more favorable periods. How It Work: Banks are generally providing with floating rates of interest that tie-up to a fixed time period of EIBOR and provide a fixed add-on with the bank. Here, the monthly instalment goes up in case of upward movement in EIBOR and vice versa. Short-Term Fixed Loans Short-term fixed loaned mortgages are highly appreciated when the rate of the market happens low. Provided mostly in low rates of interests, normally of one to three years will enable saving the interest part. Example: In Dubai, at the moment, a short-term fixed rate is offered for three-year loans at almost 3.89%. Of course, this particular option will be better advisable to those buyers that may have their finances stabilized over the short term. Fixed Mortgages with Lengthy Repayment Terms: A fixed long term rate usually set at five years fixes in a marginally higher rate compared to the short term option but that comes with stability for the long run. Five year fixed rate at present from the banks of Dubai stand around 3.99%, appropriate for holding up a house for the longer period of time. Residency-based mortgages Major factors determining eligibility and down payment for a mortgage in Dubai are residency status. The terms for UAE nationals, residents, and non-residents are different. Terms for UAE Nationals The easiest mortgage terms are accessible to UAE nationals. Only 15% of the down payment amount has to be paid by the first property bought by UAE nationals. Further, the government also offers subsidized mortgages to its UAE nationals. Thus, it is quite easy to get a home loan favorably. UAE Residents: Expatriates It further offers UAE nationals with a mortgage scheme that allows expats to pay down payments from at least 20% house value, while LTV refers to the percentage on the actual value of property for which a bank grants the loans. Employment Benefits: In some countries, expatriates can make mortgage payments through simple salary deductions and hence earn lower rates. Not a Resident: Even though a non-resident can buy a property in Dubai, his/her mortgage options are highly limited usually confined to specific areas or types of properties and available at a lower LTV ratio of about 60% this translates to a higher cash down payment. This has primarily been because the bank views the risk of advancing to buyers who have no properties in the locality as a bit higher. Mortgages by Property Purpose The mortgage conditions, period, and rates also rely on the purpose of the property and cause for its purchase. The regulations of Dubai Mortgage consider residential, commercial, investment, and land types of properties. It is a specialized mortgage product that is devised for the purchase of someone’s home. Most types of residential mortgages will provide one of the most favorable terms and are usually structured to facilitate 25 years of more of payback term. That would be perfect for those who want to be their very first homeowner with purchasing his or her first residence. Commercial Mortgage It is ideal for those people who want to buy or invest in income-generating properties, which may include office spaces, hotels, or industrial buildings. The term period of the repayment is relatively short, taking not more than 15 years to pay back, and is complex in nature due to the type of property involved. Investment

Dubai stands as a global cultural hub, known for its world-class infrastructure, cutting-edge urban planning, and unmatched connectivity. The city’s rapidly growing economy offers a wealth of investment opportunities, particularly in the flourishing real estate market. In 2021, Dubai saw the highest number of real estate transactions in over a decade, with the luxury property market becoming an increasingly attractive sector. Dubai’s competitive property prices are comparable to those in major international cities like London, Singapore, Paris, Hong Kong, and New York. Why Invest in Dubai Real Estate? Dubai is one of the top cities for property investment, offering several advantages such as a luxurious lifestyle, year-round sunshine, low crime rates, and exceptional global connectivity. The city’s cultural diversity makes it easy for foreigners to acclimate and thrive. With countless options available, choosing the right property can be overwhelming. It’s important to know what you’re looking for and to avoid common mistakes when selecting an investment. Before diving into Dubai’s real estate market, conducting thorough research and analysis is essential. Consider factors like market trends, risks, and your financial capability to ensure you have a structured and well-informed investment strategy. Property Finder, a leading platform, is here to guide you through the process. Mohamed Kaswani, Managing Director of Mortgage Finder, a premier mortgage advisory firm in the UAE, offers valuable insights for prospective investors. Key Factors to Consider When Investing in Dubai Location: The location of your property can significantly impact your investment’s success. Areas with high demand and accessibility to attractions are highly desirable. Dubai is a global shopping hub, with residents drawn to areas near prominent malls like Dubai Mall and Mall of the Emirates. Communities like Downtown Dubai, Al Barsha, Dubai Marina, and Palm Jumeirah are especially popular. Other frequently searched areas include Nad Al Sheba, Oud Metha, Jumeirah Lake Towers, and Dubai Hills. Short-term vs Long-term Rentals: Different properties perform better with varying rental strategies. Apartments in Downtown Dubai, Palm Jumeirah, and Dubai Marina are ideal for short-term leases, while villas in Dubai Hills, Jumeirah Park, and JVT offer better returns on long-term leases. Cash vs Finance: Assess cash-on-cash returns and consider using leverage to maximize your investment. Service Charges and Management Fees: These costs vary between properties and should be factored into your investment calculations. Off-plan vs Ready-to-move Properties When investing in Dubai, you can choose between off-plan properties (under construction) or ready-to-move units. Here’s a breakdown of the pros and cons: Off-plan Properties: Pros: Typically lower prices than ready properties Reputable developers add significant value as communities mature Lower down payments Attractive interest-free payment plans that allow investors to manage cash flow Cons: Market fluctuations can affect property value Risks of project delays or cancellations Ready-to-move Properties: Pros: Immediate rental income Buyers can inspect the property before purchase Cons: Higher upfront investment Less flexibility in payment plans Freehold vs Leasehold Ownership Understanding ownership types is crucial when buying property in Dubai. Freehold: Buyers gain full ownership of the property with the right to use, lease, or sell it. Leasehold: Buyers own the property for a specified period (usually up to 99 years) but do not have full ownership rights. Key Considerations When Buying Property in Dubai Account for Additional Costs: Keep in mind the closing costs, service charges, agent fees, Dubai Land Department fees, mortgage fees, and property management fees when calculating the net yield of your property. Focus on Numbers, Not Emotions: Investment properties are all about returns, not personal preference. Even if you don’t love the property or neighborhood, if it provides a good yield, it’s a wise investment. Top Areas to Invest in Dubai Dubai’s real estate market is always evolving, meaning investment returns can change over time. Waterfront properties, in particular, are consistently in demand. As Mohamed Kaswani advises, “There are pockets of neighborhoods that are selling at good value. Compare price per square foot in nearby neighborhoods to get the best deal.” Can Foreigners Invest in Dubai? Yes, foreign nationals can invest in freehold areas, granting full ownership rights, or leasehold properties, where ownership is time-bound (usually 99 years). This applies to both expats living in the UAE and non-residents. What Is an Investment Visa? Dubai offers an investment visa for non-residents looking to invest in real estate. To qualify: The property must be worth at least AED 1 million. Up to 50% of the property can be under mortgage. Each investor’s share must be at least AED 1 million when purchasing with a partner. The property must not be off-plan or leasehold to qualify. Tips for Success After Investing in Dubai Once you’ve secured your property in Dubai, here are some tips to maximize your investment: Hire a reputable property management company Request real-time reporting Treat your tenants well Offer quarterly payment options to attract more tenants How Property Finder Can Help You Property Finder offers insights and data to help you make well-informed real estate decisions. You can use the platform to find the best properties, compare areas, and, once you’re ready, list your property with trusted agents to attract tenants quickly. Avoid listing with multiple agents, as this can devalue your property. Instead, choose community experts and Super Agents who know your neighborhood well.