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According to experts, the Dubai real estate market looks likely to regain growth, as the government has eased most of the restrictions associated with the pandemic, which will benefit the tourism, aviation, hospitality, logistics and retail sectors.
Analysts, top managers and industry experts said the real estate sector would ultimately benefit from the easing of travel restrictions that were put in place to contain COVID-19. They said that real estate has maintained a steady growth trend even during the pandemic, and now it will gain momentum of growth, as investors do not face serious restrictions to visit and invest in the UAE.
Haider Tayma, director and head of Real estate research at ValuStrat, said that real estate will continue its upward trend as demand remains high in the market.
The latest data shows that in the first nine months of 2022, record sales were recorded in the Dubai real estate market, as investors and end users rushed to purchase real estate in the emirate.
«Total sales exceeded 180 billion dirhams with over 67,000 transactions between January and September 2022, making it the largest sales volume in the first nine months of the year. Earlier, the emirate recorded the highest sales volume for the same period in 2009 in the amount of 116 billion dirhams», according to the latest data from the Dubai Land Department.