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Written by
Emily Louise Wade
What is driving real estate demand in Dubai?
Updated: Oct 22, 2024, 12:20 PM
Factors driving real estate demand in Dubai include a booming economy, advantageous tax regulations, a luxurious lifestyle, and rising foreign investments. Furthermore, the demand is also influenced by the growth of infrastructure and Dubai`s attractiveness as a global center for business and tourism.
The Dubai real estate market is booming with lavish skyscrapers and artificial islands. Prices remain high after the economic boom, despite some recent drops. Expats have the duty of generating the need, but they must adhere to strict regulations. Expect various options, such as freehold areas for full ownership and leasehold choices with restrictions. Prior to making investments, it is crucial to carry out thorough research to capitalize on the growth opportunities present in this vibrant market.