Dubai was one of the few cities which was not hugely affected by the slowdown of COVID pandemic and was able to recover in a short period. Here we can see how stable the property market of Dubai is for the investors. There are some important things that were done correctly for such growth of the property market like better planning and involvement of the government for the smooth development of the market. Now let us know something about Dubai’s real estate. Developers like Emaar Properties and Nakheel have also been a part of a better property market in Dubai where new properties in projects like Emaar Palace Residences Creek Blue normally do very well in the market.
The attractive pricing of different types of properties have helped Dubai to grab a huge number of inverters and buyers to own houses in a good location. Projects like ELO 3 by Damac Properties attract a large number of buyers for its pricing that is less than AED 1 million.
As real estate is developing so does the demand and more people are coming to Dubai which means that the population is increasing which is good for the growth of the market. To fulfil this huge demand for different types of properties the top developers in UAE are working on making new projects with meticulous floor plans. The last thing is the benefit that are available in Dubai like very less on no tax on purchasing properties which saves money for the buyers or investors.