Maximum 10 years for housing sale ᐉ News from Fakti.bg – Property

The real estate sector continues to be the hottest destination for local and foreign investors, with sales volume reaching a 10-year high in the second quarter of 2022. The number of transactions for the period exceeded 22,000 and their total value exceeded AED59 billion (more than $ 16 billion).

UAE government initiatives, including the expansion of the 10-year Golden Visa program and the range of options for residence permits, have fueled the rise in prices in recent months, with a particularly pronounced rise in the real estate sector. luxury. For example, a record was recorded in early July: the most expensive item was purchased for 280 million dirhams (over 76 million dollars).

“Specializing in the sale of world-class real estate, we see that such a high-quality product simply cannot help but be in demand among the rich and ultra-wealthy customers, and the continued prevalence of demand over supply confirms this. The main driving force behind expansion and breakthroughs in the real estate sector in Dubai are strong economic growth, stability, a strong influx of brains and investors, world-class infrastructure, the introduction of advanced technologies that improve living conditions and excellent returns. on investments. All of this is the result of focused efforts and strategic decisions, from which Dubai is just beginning to reap the benefits, “commented experts from Metropolitan Premium Properties, one of the largest real estate agencies in the UAE.

Prices are expected to remain high in the second half of the year, according to Property Monitor analysts, and neither slowing nor cooling growth at this stage should be a cause for concern, but a sign of a healthy market that continues to advance and grow. at a steady pace. To confirm, analysts cite the data of July, when prices were adjusted downwards by hundredths of a percentage point compared to the values ​​of May, but on an annual basis the growth was more than 10%.