Dubai real estate on a “remarkable” rebound in 2021 – Construction Week Online

Dubai real estate on a “remarkable” rebound in 2021 – Construction Week Online

The real estate market, in general, witnessed an uptick across the globe but Dubai got the bigger and a remarkable advantage due to its quality of infrastructure, good quality of life, hospitality amenities, as well as healthcare benefits.

Investors and expats are returning to Dubai’s housing market giving further rise to the property prices, which are expected to rise in 2022. Additionally, visa reforms and 100% business ownership rules have all contributed to attracting new real estate investors and residents to Dubai.

Much of the uplift in the real estate activity is driven by villas and townhouses with prices for villas in prime communities seeing a substantial rise, while apartment price rises lagged those of villas over the last year many prime areas have seen double-digit growth this year.