Real Estate Investment Goals for 2023
While its growth has been steady over the years, Dubai Real Estate, especially its prime residential market, is expected to experience its strongest growth this 2023. The UAE Ministry of Economy said that “Foreign Direct Investments (FDI) into the United Arab Emirates achieved a growth of 4% during the year 2021 compared to 2020 — reaching $20.7 billion — despite the repercussions of the COVID-19 pandemic that has cast a shadow on the volume of investment, trade and world economies. The cumulative balance of the FDI inflow increased, amounting to about $171.6 billion. The UAE has signed with its trading partners approximately 106 agreements to protect and encourage investments.”
There were also projections that there will be strong demand for high-end properties and that the price of luxury property Dubai will be higher than the prices in 2021.
The real estate industry will continue to benefit from the positive effects of the foreign ownership and visa policies, as well as the legacy of Expo 2020 which brought millions of guests and potential investors to the emirate.
If you’re planning on investing in real estate properties, here are some things you might consider adding to your goals:
