In 2020, Dubai plans to complete the construction of the largest number of new buildings since 2008. 62,500 new housing units will be launched on the market.
In 2008, 70,885 new housing units were built in Dubai. This happened before Dubai was hit by a credit crunch triggered by the collapse of the booming real estate sector.
Dubai has recorded the largest annual transaction volume in the history of the Dubai real estate market. In the year to November 2019, 44,590 housing transactions were concluded. Improving sentiment in the
Dubai real estate market led to a sharp increase in transactions. Especially after the formation of the Emirati Higher Property Planning Committee, which was set up to develop a long-term development plan for the sector. The growing dynamics of
sales of apartments in Dubai is an indicator of the growing consumer confidence in the market.
Dubai is an ideal city for real estate investment. One of the main advantages of Dubai as an investment destination is that almost no taxes need to be paid for owning real estate here, and citizens of states that are not members of the Gulf Cooperation Council are entitled to
buy an apartment in Dubai in full ownership. Dubai is an ideal city for real estate investment. One of the main advantages of Dubai as an investment destination is that almost no taxes need to be paid for owning real estate here, and citizens of states that are not members of the Gulf Cooperation Council are entitled to
buy an apartment in Dubai in full ownership. Dubai is an ideal city for real estate investment. One of the main advantages of Dubai as an investment destination is that almost no taxes need to be paid for owning real estate here, and citizens of states that are not members of the Gulf Cooperation Council are entitled to
buy an apartment in Dubai in full ownership.
