Why 2021 is the Best Time to Buy Property in Dubai?

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Why 2021 is the Best Time to Buy Property in
Dubai?

• Binayah.com

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Best Time to Buy Property

• The year of 2020 came with its own trials and
  tribulations with Coronavirus being the biggest
  calamity of all. Last year saw drastic changes
  and a steeping downfall in all the socio-economic
  sectors on a global scale but 2021 has been
  promising in the sense of regained growth and
  uplift among all the sectors. Therefore, 2021 has
  been a golden year for Dubais real estate also
  and analysts term this year as the best time to
  buy property in Dubai.

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Sellers market

• The recent scenario of Dubais real estate market
  showcases growth and a dynamic transition to the
  sellers market largely because of the exceeding
  of buyer enquiries than the existing and new
  supply. Property Pundits state that this ratio
  have been disturbed by the buyer enquiries
  outnumbering the new supply despite the
  pandemic-enforced slowdown.

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Cost effective than renting

• Buying your new property in Dubai is far more
  beneficial than renting a property in Dubai if
  you plan to stay for a longer period of time.
  Mario Volpi, sales and leasing manager at Engel
  Völkers Dubai, states in this regard, Assuming
  one stays in Dubai for a longer period, typically
  seven years or more, it is definitely cheaper to
  buy than rent, even taking into consideration all
  the fees and costs involved.

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Higher returns

• 2021 is the best time to buy a new property
  in Dubai because it comes with a guarantee of
  higher returns. The months of January and
  February saw property giants Emaar and DAMAC
  launching new projects that boosted their sales.
  Furthermore, the villas for sale in Dubai also
  saw a smashing uplift along with the reveal of
  Dubais Urban Master plan for 2040 which is
  assumed to boost the regions real estate on an
  altogether different level. Therefore, analysts
  advise the buyers and investors to start their
  next property venture in Dubai today because it
  is leaded with huge returns on investment.

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New Visa Rules

• Analysts state that the new Emirati Visa
  Legislation is also another reason which makes
  2021 the best time to buy property in Dubai.
  Allowing talented individuals to come and dwell
  in the city along with enabling them to own a
  property in Dubai is what has given rise in
  demand for luxury properties in specific. Dubai
  is set to become a cosmopolitan hub and that too,
  a world-class cosmopolitan hub. So, living and
  growing there is not an opportunity to miss.

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• Such high demand in property purchase is
  usually for UK, US, Turkey, Spain and UAE which
  fall under the top five locations of the world.
  These Middle east-based-ultra-high-net-individuals
  are estimated to have a worth of more than 30
  million.