The UAE property sector, particularly in Dubai, is expected to see significant growth in the coming weeks and months.
This is due to policies that have led to a decline in the value of the US dollar and consequently the Dirham, making property in the UAE more attractive to foreign investors, particularly from Europe, Russia and India.
The decline in the value of the dirham, which is pegged to the US dollar, makes investing in Dubai property more affordable and attractive to foreign investors. Demand for luxury property in Dubai and other emirates in the UAE is expected to increase significantly, particularly from wealthy investors from the UK, Europe and India. This is due to the improved currency supply and changes in UK tax legislation for non-residents.
Incidentally, any currency depreciation tends to stimulate demand for UAE property from foreign investors. A weaker dirham, coupled with the decline of the US dollar, could make property in Dubai and the UAE more attractive to foreign investors.
Many experts believe that the currency's decline, combined with the UAE's favourable economic environment, reliable infrastructure and strategic location, will attract international investors seeking stability and long-term prosperity. They predict that amid falling stock markets, rising taxes and tariffs that affect everyone, global demand for real estate will increase as investors shift to tangible assets such as bricks, mortar and precious metals, making the UAE real estate sector more attractive to investors.
Thus, the current economic situation and currency fluctuations are contributing to increased interest in UAE real estate from foreign investors, particularly from Europe, Russia and India. This is evidenced by the growth in investment in the real estate sector in Dubai and other emirates in the UAE.