**Titel: Der Immobilienmarkt in Dubai – Ein Blick auf den aktuellen Trend**
Dubai’s residential market is increasingly turning into a seller market to cash in on the gains made over the past three-year rally in property prices.
Industry insiders say the property price rally is showing signs of slowdown and growth reaching a plateau in the near future is prompting some investors to sell and invest in new upcoming areas that could offer better returns.
Property prices in Dubai have increased multiple times, crossing the 2014 peak last year due to unprecedented demand witnessed in the post-pandemic period.
Interestingly, buyers who bought property during the pandemic year have seen their assets’ prices appreciated by up to 200 per cent and many of them are now turning into sellers to take advantage of the gains achieved over the past few years.
According to a study by Betterhomes, sellers are currently positioned advantageously, capitalizing on a surge in property transactions and escalating prices driven by heightened buyer demand.
“One of the key benefits for sellers in this swiftly expanding market is the potential for a lucrative return on investment, with property owners currently enjoying favourable rates. Additionally, selling property in Dubai offers the perk of zero capital gains or property taxes. The rapid growth in Dubai’s population further amplifies property demand and prices, creating an advantageous landscape for sellers, particularly areas with limited supply,” said Louis Harding, managing director at Betterhomes.
Toni Abou Jaoude, sales manager at Betterhomes, said optimal selling occurs when achieved price results enable reinvestment post-sale. “This serves as strong motivation for sellers to capitalize on current market conditions.”
Abou Jaoude revealed that properties purchased during the pandemic year have experienced significant value increases ranging from 50 per cent up to 200 per cent. Top-performing areas include downtown District1 MBR Jumeirah Palm Jumeirah DIFC among others according to Betterhomes’ sales manager
Mayed Alrashdi research analyst at Emirates NBD sees headwinds ahead including high-interest rates declining affordability growth supply new units impacting real estate market stability this year
In conclusion it’s clear that Dubai’s real estate sector continues its upward trajectory but challenges lie ahead which savvy investors should be aware of Stay informed about latest news Follow KT WhatsApp Channels
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