Real estate in Dubai: buy or wait?

CEO of the international luxury real estate agency Mercury Group Ltd. Irina Alazova explains why now is the time to buy property in Dubai

Should you buy property in Dubai now or wait for the hype to subside?

Since the beginning of 2022, there have been almost 75% more transactions in Dubai with a 145% increase in total transaction value compared to the same period last year.

Definitely buy now!

Reasons for purchase:

High profitability of real estate due to the high potential for further market growth: if you buy objects at the start of construction now, then by the time the object is commissioned, you can earn up to 30% on resale due to the growth in the value of the object. It is expected that this year the growth in real estate prices will be 4 - 6%, and its annual yield will increase accordingly.

Profitable investment. Real estate in Dubai can be rented out at 8-10% per annum, while choosing a flexible lease term. You can rent the property for a long-term period, or a short-term one - in order to be able to use it in a period convenient for you, and rent it out the rest of the time.

Interest-free installment plan with an initial payment of 10-20% of the property value (depending on the stage of construction of the facility).
Registration of the immigration status of the UAE. Buying real estate in Dubai from $205,000 makes it possible to obtain a “golden visa” in just 1 month. The program can include family members: the spouse and dependent children of the investor. The visa is issued for 6 months or 3 years.

Transparent and reliable structure of the transaction for the purchase of real estate. Equal market conditions for all, the possibility of alternative methods of payment for the purchase.