Is AED 5 Million Really Enough to Invest in Dubai Property?

This week on Allsopp on Air, Marc and Dan take a deep dive into Quarter Three - and yes, they’ve officially been banned from saying “the market isn’t slowing down anytime soon!” They chat about the latest investment opportunities, the surge in off-plan transactions, and what made this a record-breaking quarter for Dubai real estate.

They also get real about where they’d personally invest right now with a budget under AED 5 million, why the off-plan market is booming but still can’t keep up with demand, and just how easy it actually is to buy a property in Dubai.

We all know the Dubai property market is constantly growing but hear it straight from two of the best. They share where they’d be looking to invest, the mistakes they’ve made along the way, and whether they really think property prices could drop next year!

Investment Insights: Where to Put Your Money

Emily starts off the podcast by asking Marc and Dan to take a deep dive into real estate investments. The question asked is, if you could invest right now where would it be, with a budget of under AED 10 million.

Dan highlights Jumeirah Golf estates for its growing appeal due to value for money and potential for growth. Marc concurs, noting the convenient location.

Marc suggests Palm Jebel Ali as a promising investment for those with long-term vision. Notably, the villas there are designed to meet modern-day luxury standards.

Reflecting on Missed Opportunities

The trio also reflects on past opportunities they wish they had taken advantage of, such as Jumeirah Islands and The Springs. This segment underscores the importance of foresight and trusting guidance based on market trends.

Market Trends and Predictions

The conversation naturally evolves to broader market trends, with emphasis on off-plan sales. Marc presents data highlighting a significant increase in off-plan transactions driven by a combination of population growth and market demands.

They touch upon the increasing sales of high-end properties over AED 10 million, driven by an influx of high-net-worth individuals moving to the region.

Challenges and Opportunities in Real Estate

The discussion pivots to challenges such as the delivery of units versus the growing population. Dan points out the discrepancy between the number of units available and the demand due to Dubai’s population surge. They emphasise the need for more diverse property offerings, including villas and family homes, amidst a sea of apartment constructions.

Forecasting the Future

Looking ahead, Dan and Marc speculate on continued price growth and market expansion. The conversation underscores affordability and access with Marc mentioning the importance of affordability and suggests that lower interest rates could bolster purchasing power.

Both Marc and Dan cast an optimistic vision for the future on the buying process foreseeing a more streamlined process for transactions, enhancing access to property.

The Company's Outlook

Finally, Marc and Dan reflect on their company’s evolving landscape, boasting about the robust network of committed employees. They take pride in maintaining a vibrant workplace that is both innovative and efficient while preparing for future growth.

For the full Allsopp on Air podcast episode head to our YouTube channel