The real estate sector has been the most resilient that bounced back quickly after beating the COVID-19 uncertainties. The sector showed strong signs of regrowth by attracting many savvy investors and buyers. According to the statistics shared by Dubai Land Department (DLD) in 2021, October recorded the best month in the past 8 years with a whopping Dh. 13.12 billion investments in real estate, closing over 5352 deals.
The Dubai real estate market evidently showed significant growth in terms of residential as well as commercial investments. It is majorly because of the economic slowdown induced by the COVID-19 pandemic across the world that made it the best time for savvy investors to purchase a property. Considering the pace at which the real estate market recovered, the value of the property will continue to witness a steady increase in appreciation for the next three to four years.
Presently, the real estate sector is showing an overwhelming performance. Many people might not get a deal as good as it was in 2021. However, savvy investors still leverage the opportunity of a good bargain with interesting schemes offered to uplift the sector.
Here’re a few answers to the questions that every savvy investor with good capital in hand might have about real estate investments:
When prices hit the rock bottom
The real estate prices always never come down. The market always shows an uptick rise in property value and it is difficult to find the opportunity when the prices may hit rock bottom. Having said that, savvy investors can take leverage of economic slowdown like the COVID-19 pandemic that brought almost every business sector to a grinding halt. That time presented the opportunity to negotiate and purchase a property at the best price.
When it is a buyer’s favourable market
The Dubai real estate market never saw such attractive deals from developers in the past. However, as the market is continuing to move on its resilient and exponential growth trajectory, real estate developers are coming up with lucrative deals for buyers. Any savvy investor or buyer planning to shift from a rented space to their own can capitalize on opportunities provided by favourable markets.
When financing options are attractive
With technology advancements and fintech becoming the mainstream, it has become easier to finance a property. In the present market scenario, banks and other financial institutions are offering great financing options that can help savvy investors to buy their dream properties. Apart from that, attractive financing options are also helping buyers to move to their own home with easy and customized payment plans.
Finding the best deal at the right time
Making a sound and safe investment decision in Dubai real estate market is not easy. It can be daunting, especially, if you are a first-time investor or beginner. It is better to connect with real estate experts who could help in not only finding but closing a profitable deal. RiseUp Holding is one of the leading real estate companies in the UAE which can help in providing an opportunity to build a lifelong high-yielding asset.