Dubai Metro Line Expansion Map with New Projects
Once operational, this will enhance connectivity to popular areas like Jumeirah Village Circle, Jumeirah Village Triangle (JVT), and Al Barsha. Additionally, the expansion of Al-Maktoum International airport (Dubai World Central - DWC) is expected to boost passenger traffic by the 2030s, benefiting areas like Dubai South, Expo 2020, JVT, and JVC.
High Capital Appreciation
2024 is an opportune year to invest in Dubai real estate for potentially higher returns. With expected appreciation in residential and commercial properties, current investments could yield significant profits. Compared to cities like New York, London, and Sydney, Dubai offers higher rental yields (6%-7%), making it a lucrative market as the city continues to grow.
Residency Opportunity and Golden Visa
Investing in Dubai real estate offers a pathway to a permanent resident visa. A property investment of AED 750,000 grants a two-year UAE residence permit, which is renewable. For more substantial investments starting at AED 2 million, investors can secure a ten-year Golden Visa, also referred to as a property investor visa, which is also renewable.
High level of security or low crime rates
The UAE is known for its high level of security and stable social environment, making it an attractive place to live and invest. Because of its financial stability and more job opportunities, there are very low crime rates all over the country.
As per the analytics issued by Dubai Center for Statistics, it is expected that the population will reach 6.2 million by 2040. The projected population growth in Dubai by 2040 is expected to lead to the launch of more real estate projects, which will provide a promising return on investment for investors.
Russians were the top non-resident buyers of homes in the first quarter of 2023 but dropped to third place by the end of the year, according to Betterhomes research, with buyers from India and the UK accounting for most of the transactions during the twelve months.
There was also a notable rise in buyers from Italy, China, France and Turkey, the firm said, underlining the city's dual role as a safe haven as well as a magnet for the ultra-rich.
“Economic experts especially predict that the low-trending areas like Wadi Al Safa 4, Hessayan First, and al Yalayis are among the most important districts that will experience this peak of development. Below I will explain more about the reasons for this 46% growth and the best areas you can choose to invest in 2024”
Sales Values changes from 2009 to 2024
Property Prices changes from 2012 to 2024