Nov 01, 2021 Views 1942
Posted By : Edge Realty
Dubai has begun to show off all its splendor, and tourists are beginning to arrive from all over the globe. This has led to an increase in demand for ready properties in Dubai.
The reports from various portals for property in Dubai indicate that properties that were ready in various communities were completely or partially booked prior to the start of the Expo 2020 on 1st of October.
The city is an already a must-visit tourist attraction, and is rapidly becoming one of the major commercial hubs in the region. It doesn't matter if it's for tourists seeking vacation rentals for a short period or professional looking to relocate in order to make the most of Dubai's status as a true global hub and the market for moving is attracting huge interest from home owners and investors alike.
While the main focus of tourists and visitors to the Expo is on rentals in close proximity to the Expo-2020 site, investors as well as consumers are focusing on homes available for sale in Dubai. Emirati residents who hold long-term renewal visas are also capitalizing on this chance. The relatively low price of properties in Dubai can provide the property owners with a chance to make a high return on investment since the market is heading towards recovery and the rate of growth is set to be increased through Expo 2020.
Although Expo 2020 is said to be the main catalyst behind the growing demand for ready-to-buy properties on the market, a variety of other factors also have influenced the change in demand curve.
In the beginning, the prompt execution of effective strategies of the emirate to combat the pandemic in the world played a significant factor in bringing back foreign investors. This allowed investors from other countries to join the market and helped create the stability of the property market.
The latest visa reforms introduced by authorities, like new renewable 10-year golden visas, have also resulted in increased activity in the sector of property. In addition the policies that favor expatriates like 100 percent company ownership, have been thought to have affected the property market in Dubai.
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