Gulf Business

VISION FOR DUBAI’S REAL ESTATE MARKET

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The emirate’s real estate market in the wake of the pandemic has only become stronger by the month. According to Dubai Land Department, the first quarter of 2022 registered the highest number of quarterly real estate transactio­ns since 2010 with a sales value of about Dhs55.5bn. The government has been introducin­g favourable policies to facilitate progressio­n. The ‘Golden Visa’ is also a game changer for not only this industry, but also for overall economic growth. Expo 2020 Dubai has also given a major hike to the real estate industry locally. The UAE is strategica­lly located and growth in tourism, as well as a huge influx of people moving to Dubai, will continue to improve local market dynamics.

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