SAFIR moved to XERA
INTERESTING FACTS ABOUT THE REAL ESTATE MARKET IN 🇦🇪 THE UAE
The UAE, and Dubai in particular, is becoming an increasingly important global trade, financial and economic center. This is breaking more and more records, driven by innovation and a willingness to be the global leader in numerous categories.
With the economic opportunities this creates for both companies and individuals, the influx of people from all over the world to live and build their personal futures is unabated. Tourism is also booming and practically every year becomes a new record year. This has led to a building boom, unimaginable by “western” standards, to provide housing for both the rapidly growing tourism sector and the rapidly growing population. Although construction is going on practically day and night, the supply can hardly meet the ever-increasing demand.
Due to this, real estate prices in Dubai have risen by an incredible 19.6% and rents by 21.6% just in the past year!
The hotel sector is outperforming all pre-pandemic metrics for average hotel occupancy, average daily rate, RevPAR (Revenue Per Available Room), and average length of stay.
Dubai’s average hotel occupancy of 78% in H1 2023 is among the highest in the world.
Interesting article in Arabian Business to take a closer look at the Dubai real estate market:
Therefore, the general conditions for The DESERT ⚪ PEARL in Dubai could probably not be better.
SAFIR moved to XERA
** The information provided on the website are not an investment advice, they comes from the projects’ source materials, corporate and partner presentations, my work with the projects as well as from work and own creativity. They were presented according to my current knowledge and experience.
Any business, investment, new opportunities comes with a risk of loss (resources, work, time). Only put as much money and as much time as you can afford to lose !!!
REMEMBER !!! also about the fact that the lack of your actions is also a risk … of losing potential profits.
Think! and analyse what you (don’t)choose.