logo
迪拜 icon
icon 迪拜 icon
新聞與資訊
Transformation in Dubai's Real Estate Market
五月 6, 2024
Transformation in Dubai's Real Estate Market 迪拜
By   Internet
  • 城市報
  • Dubai Real Estate
  • Apartment Demand
  • Residential Preferences
  • Property Investment Trends
Abstract: Dubai's housing market is undergoing profound changes, with an increase in apartment demand reflecting market dynamics as well as being a natural consequence of urban development and population growth.

In Dubai's real estate market, the demand for apartments is gradually surpassing that for villas, revealing a significant shift in residential preferences. According to data from April 2023, about 58% of homebuyers are looking for apartments, while 42% are seeking villas or townhouses. This contrasts sharply with trends during the pandemic when restrictions on travel and outdoor activities led many to seek larger living spaces, boosting sales of villas and townhouses.


The continued rise in demand for apartments is driven by an influx of professionals moving to Dubai for broader career opportunities. These professionals typically seek convenient residences in city centers or business districts, and apartments are their preferred choice due to their location advantages, ease of maintenance, and cost-effectiveness.


Additionally, the rapid population growth in Dubai is a key factor driving the increased demand for apartments. Statistics show that Dubai's population grew by nearly 100,000 in 2023. In the first quarter of 2024, Dubai welcomed 25,700 new residents, while only 6,500 new residential units entered the market during the same period, exacerbating the imbalance between supply and demand for apartments.


Transformation in Dubai's Real Estate Market

khaleejtimes.com


Data from the rental market also indicate a rising trend in apartment demand. 79% of tenants are looking for apartments compared to just 21% seeking villas or townhouses. Cherif Sleiman, Chief Revenue Officer of Property Finder, notes that despite changing market demands, the real estate sector maintains strong momentum, with a clear increase in consumer demand for apartments.


Development plans and infrastructure projects, such as the operational shift from Dubai International Airport to Al Maktoum International Airport, are also expected to stimulate housing demand in developing areas. Emerging communities, especially in the south of Dubai and along Sheikh Mohammed bin Zayed Road and Emirates Road near the new airport and multiple residential and hotel projects, are becoming investment hotspots attracting more residents and investors.


In terms of investment returns, a significant increase in the number of off-plan transactions and their total value also demonstrates market vitality. Data from April 2023 shows that the total number of transactions increased by 86.51% year-over-year, reaching 7,203 transactions, with the total value soaring by 77.09% to approximately 13.9 billion dirhams. This growth trend reflects the market's positive expectations for future development.


Regulatory changes also indicate an improvement in supply quality. Sleiman points out that new regulations requiring primary unit licenses to advertise these properties will further positively impact the market, enhancing the overall quality of residential projects.


John Lyons, Managing Director of Espace Real Estate, observes that due to high rents, more tenants are opting to become homeowners. The mortgage market's low interest rates and more relaxed visa regulations make purchasing more accessible, prompting more people to consider buying rather than renting in a high-rent environment.

留言
icon
請輸入您的國籍
+87
不能為空
電子郵件地址無效 電子郵件地址未驗證!
icon
歡迎訪問 House.com
登錄或註冊以充分利用您的體驗。這也將增加您與經紀人交流的機會。
請輸入有效的電子郵件地址。
繼續使用 Google
提交即表示我接受House.com的   使用條款
icon icon
驗證您的電子郵件
你好 我們剛剛將驗證碼發送到您的電子郵件中。 請檢查並在此處輸入驗證碼以繼續登入。
驗證碼錯誤
沒有收到電子郵件? 請檢查您的垃圾郵件資料夾
icon
banner
Transformation in Dubai's Real Estate Market
icon 複製鏈接
icon WhatsApp
icon Facebook
icon Twitter