With individuals moving to larger houses with outdoor facilities and a rise in remote jobs and online sessions for learning, the residential real estate new apartments for sale dubai market in the UAE, which fell as a result of a three-year oil price collapse that started in 2014 on fears about oversupply and the accompanying crisis, has turned a corner and is rebounding.
In addition, government efforts and economic assistance programmes including residency permits for elderly people and remote workers, as well as the extension of the ten-year golden visa, have all aided in boosting market sentiment.
After the epidemic, there was a spontaneous drop in demand for both residential and retail office space. However, this tendency began to sharply reverse itself in the years that followed.
The UAE government has recently increased the extent to which the market property is available to foreigners, allowing for additional investments. A five-year and ten-year resident visa have both been proposed; they may be obtained by making real estate investments.
After the epidemic, there was a spontaneous drop in demand for both residential and retail office space. However, this tendency began to sharply reverse itself in the years that followed.
The UAE government has recently increased the extent to which the market property is available to foreigners, allowing for additional investments. A five-year and ten-year resident visa have both been proposed; they may be obtained by making real estate investments.
UAE market segmentation for residential real estate
The UAE residential real estate industry study offers information along with a market and economy analysis.
The effect of the COVID-19 pandemic on the market, residential real estate demand and supply in the UAE and key cities, government initiatives, regulatory elements for the residential property sector, understanding of the extent of asset lending and loan-to-value customs, and focus on technology innovation, and start-ups in real estate.
Insights into market dynamics, capital market penetration, REIT, rental yields in the property sector, government assistance for affordable housing, and public-private partnerships, among other things. The influence of COVID-19 is also covered in detail in the paper.
