Dubai's real estate market continues to draw global investors, with a 40% surge in sales value recorded in August alone. Transaction volumes soared by 36.9%, equivalent to $12.9 billion.
A senior official noted that Dubai has emerged as a new safe haven for savvy investors with a long-term perspective. Kashif Ansari, CEO and co-founder of Juwai IQI, referenced a recent UBS report that underscores the phenomenal growth in demand for Dubai's real estate market.
The UBS report is particularly valuable for investors looking to establish a long-term presence in the city. Kashif remains bullish on Dubai's real estate market, predicting high potential for growth through 2030 and beyond.
Key areas for property investment include Dubai Marina, Jumeirah Village Circle, Downtown Dubai, Palm Jumeirah, Business Bay, Dubai Creek Harbour, Dubai Hills Estate, and Arabian Ranches.
In August, Kashif highlighted that Business Bay saw the largest single transaction, amounting to Dh139 million, reflecting strong investor interest and the potential for growth in high-end locations.
Kashif anticipates that global market uncertainties will drive more investors to Dubai, boosting capital appreciation and rental yields. He believes Dubai's real estate market will surpass Singapore and Hong Kong before 2030. Kashif is optimistic that investors from Europe, the UK, USA, India, Pakistan, and China will make significant investments in Dubai for wealth preservation. He emphasized that Dubai real estate is the new global currency.
