The second half of 2021 demonstrated growth in real estate sales in Dubai. The market showed record numbers, reaching 2014 levels for the first time after the recession. Those who have invested in Dubai real estate in 2022 can get a substantial profit from the sale of the property.
This is due to the growing demand associated with Expo 2020. However, this trend extends to any real estate. The demand for elite housing has increased in prestigious communities. These are luxury properties in Palm Jumeirah and Dubai Hills, where prices have risen on average from 15% to 30% in the past year. This trend is likely to continue this year. Therefore, it is equally advantageous to sell houses, apartments, and villas to profit and invest in them as a long-term investment.
Short-term investments in conditions of market instability due to the pandemic are less profitable. Expert opinions vary. The real estate company Knight Frank expects housing prices to rise by 4-6%. Some analysts suggest that there will be no jumps this year, and the price growth will be balanced. Analysts agree on one thing: the Dubai market is stable, and sales figures demonstrate its independence from the situation with a global pandemic or economic crisis.
