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High Demand and Visa Policy Boost Dubai Property Sales

4/7/2022

Due to investor-friendly regulations that draw both domestic and international purchasers of real estate, Dubai's real estate market is becoming livelier and more transparent. The recently finished June 2022 sales, which are regarded as the best since 2009, are evidence of this trend.

Walid Al Zarooni, Chairman of W Capital and author of"Secrets of the Smart Real Estate Investor, said that “the real estate industry continued to break records in terms of sales and transactions, with the first half recording the best performance ever, as sales topped Dh114.51 billion." Al Zarooni is a certified real estate expert from the Dubai RealEstate Regulatory Agency (RERA) and has worked in the industry for over a decade.

Director-general of the Dubai Land Department Sultan Buttibin Mejren stated: "With the world economy on the mend, we saw the need to focus on enhancing market transparency to make better judgments that would help both developers and investors equally. The Dubai Land Department is dedicated to boosting transparency in the industry as more and more investors from across the world aspire to participate in Dubai's real estate.”

Moreover, the UAE Golden Visa recently revised regulations are another great initiative that will stimulate investment in real estate even more, especially with the flexibility these new rules offer, allowing non-residents to make UAE their second home and allowing residents to invest long-term in the country.

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