Dubai real estate retains its charm

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Leading nations keep investing in Dubai real estate as Expo boosts sentiments; Israeli investors foray into the market this year and may join top-10 club with significant investments

Global investors flock to invest in Dubai real estate market as it offers good infrastructure, tax-free status, new visa options and 100 per cent foreign ownership possibilities, experts say.

Latest data indicated that Israeli investors foray into the market this year and may join top-10 club with significant investments while subcontinent businessmen will continue to pour money into Dubai real estate to hold top positions in the ranking, according to Zoom Property Insights.

With a strong recovery on cards in 2021, the third quarter of the year recorded the highest-ever sales transactions since 2009 with 15,926 deals worth Dh42.35 billion. By the end of July-September 2021 quarter, about 43,299 transactions amounting to Dh104.3 billion have been recorded. The fourth quarter is expected to produce even better results as Expo 2020 Dubai is receiving great footfalls, according to Zoom Property Insights.

The real estate portal said troupe of foreign investors was led by the subcontinent as Indians and Pakistanis, who make up for 20 to 30 per cent of total investors in the Dubai real estate sector, continued to pour money in growing market of the region.

“Israeli investors have also ventured into the market this year with significant investments. They are likely to emerge in top 10 lists of nations investing in Dubai real estate this year,” according to Zoom Property Insights.

Analysts and real estate experts said visa reforms, successful pandemic management, and vaccination drive are among the top reasons that supported the return of foreign investors in 2021.

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