Luxury residential agency Laguna Properties has released its forecast for the Dubai real estate market in the final quarter of 2022. Against a backdrop of global uncertainty, inflationary pressures, rising interest rates and geopolitical tensions, investors are attracted to Dubai's safe-haven status, resilient reputation and medium to long-term growth opportunities, and see a 'golden run' for Dubai's luxury residential sector.
Laguna Properties is a new brokerage in the UAE founded by experienced real estate professional Hamed Ghavidel. The company has enjoyed early success since its inception in early 2022, covering residential and off-plan sales and leasing, and has a deep understanding of Dubai developers, market trends, project launches and investment insights.
To date, the company has carved out a niche in the super prime area, exclusively representing the majority of properties in the Downtown Dubai, Dubai Hills and Palm Jumeirah areas.
Laguna's key predictions for the luxury residential market in Q4 2022 include.
Ultra-luxury: International buyers are driving demand for top-tier properties that reflect Dubai's love of luxury, a range of breathtaking locations, outstanding views and exceptional quality.
Branded residences. Off-plan demand for new launches, such as Six Senses Residences at The Palm in Dubai, or continued interest in Atlantis The Royal Residences, underscore the premium value of global names for residential projects.
Plots. With the right guidance, using plots to develop villas can be a rewarding investment process. Laguna has successfully traded a number of plots in Dubai Hills that have doubled in value in a period of 18 months.
Condominiums. Condominiums remain highly competitive, with prices comparable to 2014 levels. Clients are encouraged to look for value on the coastline of Palm Jumeirah and in downtown Dubai.
Laguna's sales team is led by Sergiu Sobetchi, Head of Sales, who has over a decade of brokerage experience in the UAE. sergiu comments.
We work with discerning international clients, mainly from the UK, Europe and Russia, who have been pushed to the UAE due to slumping EU and UK markets, rising inflation, geopolitical tensions and recession fears.
Here they are welcomed by the UAE's investor friendly attitude; the increased security, exceptional growth and abundance of opportunities offered by the UAE, and recent regulatory initiatives such as the revision of the Golden Residency Visa for real estate investors.
Our clients wishing to invest for work or looking for a long-term place to live, focus on affordable plots, off-plan branded homes and villas.
