For many investors in Dubai, now is the right time to sell their real estate

Over the past six months, a record number of investors have bought real estate in Dubai, which has become one of the best years for the local real estate market.

According to Asteco, a real estate services company, more and more owners believe that now is the right time to profitably sell their real estate. From October to December 2021, the number of real estate offers increased by almost 10%.

Sellers of real estate in Palm Jumeirah or Dubai Hills certainly receive offers that meet their expectations for their luxury residences. In these two areas, prices have increased by 15-30% during 2021 and are likely to continue to rise in 2022. Real estate agents continue to call property owners who, in their opinion, may be interested in selling their expensive homes in the current period.

Even as developers feel confident in launching off-plan projects, the emphasis is on selling to end users. Real estate experts believe that prices will continue to rise. Now is the right time to buy a property for the purpose of long-term investment. The potential instability of the market due to the pandemic does not imply purchases for the purpose of obtaining short-term profits.