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Laguna Properties, a luxury real estate agency, published a forecast for the Dubai real estate market in the last quarter of 2022. Experts see great promise in the emirate’s segment of luxury residences. Investors are attracted by the status of a safe haven, the past experience of resilience to external shocks, and the capability of mid-term and long-term growth amidst the uncertainty, inflation, growing interest rates, and geopolitical tensions in the rest of the world.
Laguna Properties primarily deals with super-luxury properties and is an exclusive representative of some communities in Downtown Dubai, Dubai Hills, and Palm Jumeirah. The agency’s professional team members with many years’ experience in the Dubai real estate market made the following forecasts for the fourth quarter of 2022:
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Ultra-luxury segment.
Foreign buyers shape the demand for top-tier properties, fully reflecting Dubai’s passion for opulence, breathtaking locations, inimitable views, and incredible quality.
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Branded residences.
The demand for such off-plan projects as Six Senses Residences and The Palm Dubai, as well as the continuing interest in Atlantis The Royal Residences confirms that a global brand makes a residential development particularly valuable.
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Land plots.
Purchasing a land plot and building a villa there may become a very lucrative investment if you follow professional recommendations. There have been cases when the value of such a property doubled over 18 months.
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Apartments.
These types of residences remain competitive and affordable. You can find decent options in Shoreline (a residential project on the Palm Jumeirah archipelago) or in Downtown Dubai.
