This week, we have been discussing the many great investment opportunities the off plan market in Dubai has to offer this year. Quarter One is a great time to assess your finances, and make investment plans for the coming year. Carl Allsopp, sat down with Fintan Flannelly, our Head of Developer Sales, for this week's podcast to discuss Dubai’s most profitable developments.
If you are serious about making money in 2022, take a listen to the latest episode of Taking care of Business. Carl and Fintan discuss their favourite developments and explore the impressive payment plans available. With fantastic value for money, and impressive Return on Investment Rates, find out why purchasing an Off-Plan property should be on your agenda for the coming year.
To watch the full video, click the link:
You can also listen on any of the platforms below; Apple Podcasts, Google Podcasts, Spotify, TuneIn, PocketCasts, Stitcher, Omny, and iHeartRadio.
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This week, a new strategy has been approved by Dubai International Chamber’s board of directors which aims to strengthen Dubai’s position as a global trade hub, over the next three years. Thirty target markets have been selected under the strategy, which will undoubtedly offer huge economic growth potential. The strategy will improve the business environment in Dubai, and encourage business growth, hopefully attracting multinational companies to list on the Dubai Financial Market. This move will further strengthen Dubai’s global presence and expand trade partnerships. A fantastic move for the emirate!
Source: Arabian Business
On Wednesday, The National Emergency Crisis and Disaster Management Authority, announced plans to gradually lift restrictions of capacity in various public settings including; entertainment facilities, shopping centres and public transportation by mid-February.
The announcement confirms that all venues will be allowed to function at maximum capacity, and has been decided based upon COVID-19 cases dropping dramatically, with daily figures halving in the past three weeks. We welcome the announcement as a progressive step in returning to normality safely, and commend the UAE rulers for their continued commitment to successfully overcoming the Covid-19 crisis!
Source: Dubai Media Office
The Dubai Land Department has predicted that the Dubai property sector will continue on an upward trend for 2022. With many Government backed projects launching this year, they anticipate high numbers of transactions happening in Dubai. The DLD’s most recent Annual Transaction Report, revealed that 84,772 transactions totalling AED 300 billion were recorded for Dubai’s real estate market in 2021. With the figures witnessed so far in Q1 of 2022, Dubai Property Market performance is showing no signs of slowing down just yet!
Source: Market Screener
Data released this week in Arabian Business indicates the price of villas on Palm Jumeirah rose to above their 2014 peak last month. Sixteen transactions valued over AED 30 million, were completed in January alone, with one transaction of a villa selling for AED 87 million. Apartment prices on Palm Jumeirah are also on the rise, up 20% on this time last year, but still not above the 2014 price peak. Other areas experiencing a notable price increase are JBR, and JLT. Dubai’s successful handling of the Covid 19 pandemic continues to attract investors which is evident in the price rises we are witnessing month on month.
Source: Arabian Business
That rounds up our news for this week. If you have any comments or questions, our inboxes are open, and we would love to hear from you!
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