Dubai, UAE - In 2018, Dubai was a hub for property investment. Last year, the ease of securing a loan, low prices, and a variety of properties made a huge impact on the market. An estimated 14 billion was spent in Dubai’s real estate market. With the benefits of buying over renting, the trend is expected to continue into 2019. To meet this demand for luxury villas, private client advisory services like Luxury Property LLC are stepping up to help buyers acquire these new and exclusive properties.
Dubai’s real estate success last year and the UAE’s new policy on giving long-term visas to property owners has greatly increased property sales. According to a recent study, Dubai ranked as one of the top five locations that people interested in buying new properties searched for online. Within Dubai, Emirates Hills, named after Beverly Hills in the US, continues to be the most sought-after luxury property market.
Dropping prices and growing benefits of real estate ownership has resulted in more investors of luxury apartments and Dubai mansions than ever before. The attraction to the affordable units has grown on a global scale. In particular, this market has caught the attention of Chinese nationals. The past five years have brought more Chinese buyers into Dubai. This influx has increased the Chinese population in the UAE by fifty-three percent. This brings the Chinese population in the UAE to 230,000 with 4,000 Chinese companies in tow. The UAE and Chinese relationship has grown since the Chinese president’s visit to the UAE in July of last year, and will continue to grow in 2019.
The market growth has instigated a need for luxury property experts to help incoming renters and buyers find accommodations they'll love. Services like Luxury Property LLC work hard to get each client everything situated in Dubai so they can enjoy their property. The company is ready to take on the interest in leasing properties in Dubai on an international scale and looks forward to meeting with new clients about their dream Dubai home.
According to U.S. News, the prices of Dubai real estate could fall as much as ten percent. For major developers, the excess of property has led to a downward spiral in prices. Prices are expected to continue to fall until maybe regaining stability in 2020. As this makes the market more affordable to interested residents, even in exclusive neighborhoods like Emirates Hills, the UAE real estate market expects to continue to draw in more investors and scouters in 2019. The market’s turn has not been in the favor of the UAE’s builders and developers. Yet, it has been in favor of investors and will continue to develop as an international hotspot for luxury homes.
Read more: http://www.digitaljournal.com/pr/4122560#ixzz5diBskuKU
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