The battle for buyers in the off-plan real estate market and the secondary real estate market in 2020 remains as tense as before. Due to a significant reduction in the launch of new projects, this year opens up more opportunities for houses for sale in Dubai.
Dubai is preparing to take on another 42,000 new houses in addition to the 30,143 properties that were commissioned in 2019. It is more than enough for real estate prices and rental costs to continue to decline. Forty-two thousand new houses will break the record regarding the volume of real estate commissioned in Dubai during the year.
Analytics also believe that international investors still see ample opportunities to generate high income from real estate in Dubai, even though rents continue to decline as the market offers increase. The best situation is in the secondary market or the ready-made real estate market. Meanwhile, Dubai remains a point of attraction for investors from all over the world, having locations that are most profitable for investing in real estate to generate income.
Official data show that more than 157,630 projects are under construction. Sixty-five thousand seven hundred seventy are scheduled for commissioning in 2021. Given the usual fundamental materialization level, no more than 42,000 new houses will be put into operation.
Good areas to buy a house.
Investors who are looking for new locations in Dubai to invest, in addition to the well-established and well-known – Dubai Marina, Palm Jumeirah, JBR, and JLT – should pay attention to the following two areas:
Dubai Hills Estate
This community can withstand any fluctuations in the market. Dubai Hills Estate showed promising results in all price categories in 2019. It became popular among both investors and house buyers.
This island has unexpectedly taken the lead due to the new fashionable hotels. Many new projects on this island indicate that Bluewaters Island developers intend to appeal to a broader range of property buyers and attract investors.
AX Capital will help you choose the right house in Dubai.
Have time to make the right choice – invest in Dubai real estate today to ensure a high-income tomorrow! AX Capital opens up a lot of opportunities for foreign house buyers in the UAE. Here you will find the best deals from Dubai’s leading developers at attractive prices. For more information about specific properties, ask the company’s agent.