Overseas investors, end-users set to drive Dubai property market

Overseas investors, end-users set to drive Dubai property market

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UAE - Foreign investors, end-users and District 2020 will continue to drive Dubai real estate sector’s growth this year as the emirate offers a complete lifestyle with an excellent infrastructure to the property buyers, according to reports.

Mortgage Finder, a tech enabled mortgage advisory service powered by Property Finder, said about 82 per cent of mortgages in the UAE last year were from first-time buyers and they are willing to reside within the property. The UAE residents accounted for majority of borrowers at 94 per cent while 90 per cent of borrowers opted for fixed rate mortgages.

Another report said the Dubai real estate is expected to continue its golden run post-Expo 2020 as foreign investors are returning to the market to capitalise on investment opportunities in the emirate.

The Zoom Property Insights said Dubai property market attracted a total of 52,415 investors last year and recorded 72,207 new deals with a combined worth of Dh148 billion investment in various projects of the emirate. It reflects a 100 per cent growth in investment value while the number of investors and investments surged 65.6 per cent and 73.7 per cent, respectively.

“Out of the total investors in 2021, about 38,318 or more than 50 per