Dubai beats US cities with rise of 4.7% in prime property price

According to the latest Data collected by a reputed real estate investment advisor agency, “Dubai real estate has registered its strong performance amid the top 30 global cities through the high residential property and rental value.”

During the first half of 2022 residential properties in Dubai in prime regions grew by approx 4.7% in comparison to the average 2.4% rise of the top 30 global cities. One of the amazing facts here is, here Dubai is the only non-US city to acquire its position in the world's top five cities. Miami, LA and San Francisco are the top three cities.

A few years back, high-net-worth expatriates chose Dubai real estate only for investment, or for long & part-time residence but now more & more expatriates taking a long-term view on making Dubai their primary home.

Real estate investment experts believe that “Dubai real estate Market Growth in H1 2022 was boosted by a surge of high-net-worth individuals & Golden Visa scheme and this trend is expected to continue in the coming months.”

So, now Dubai real estate is set to perform the strongest for another half of 2022, and many factors work in its favor like positive changes to policies, additional benefits for long-term visa holders and opportunities for residents to have a superior quality of life at their fingertips.

Now UAE is expected to welcome 4,000 millionaires in 2022 from other countries who will be there for relocating and this figure is approx four times bigger than the pre-pandemic level. On the other hand, the Government of UAE also continues to improve & upgrade Dubai’s infrastructure, and tour & tourism sectors to attract more & more tourist & real estate investors.

Rental values in Dubai have grown rapidly with a growth of 5.3%, thanks to new lifestyle trends in the market. The UAE also emerged as the third best place in the world for business-class migrants, because of its expansive  Golden visa program, best climate condition, and ease of access from different parts of the world.