Dubai Sees a Surge in Luxury Property Investment from International Investors, A Four-times Increase in 2023 Valued at $3 Billion to $4 Billion, Says Juwai IQI CEO Kashif Ansari in an Exclusive Interview.

Dubai offers an amazing opportunity for investment into luxury dubai real estate arena, as a number of world brand names like Versace and Giorgio Armani have started to build up their presence.

It will not be an exaggeration to consider that the new kid on the block is Mercedes-Benz AG. This is because the report of Kashif Ansari, CEO and Co- Founder of Juwai IQI, who appeared in an exclusive interview with Gulf Today, has declared this truth.

More than that, the taking of Mercedes-Benz into the real sector of Dubai is a good sign of the strong confidence and expected rise of the  Dubai real estate arena.

The city of which luxury properties are increasing remarkably, exhibiting its allure to the worldwide top companies and investors. This trend is, however, pointing to the current economic spurt in Dubai, and the message for global investors is clear, its dynamism and bright prospects.

The demand for luxurious Dubai real estate arena is unprecedented, to cater to this demand, developers will be delivering about 125,000 units within the next five to six years. The key areas that bring investors include EM hotel, Palm Beach Jumeirah, and Jumeirah Bay Island.

Kashif Ansari underlines Dubai’s attractiveness to the wealthy class and presents macroeconomic stability and substantial contributions of the international players as reasons for the same.

With the economy of the UAE expected to grow between 3.5%-4% in 2024, the country guarantees an appropriate ground for property investment. The spending and economic boom of Dubai at the macro level also makes Dubai’s real estate market more attractive.

Kashif foresees that in 2024, the inflow of smart investment from great countries like China, the UK, Central Asian Republic, India, and Pakistan will contribute $3-$4 billion to Dubai real estate arena.

Kashif brushed it up emphasising the fact that real estate has emerged as a major asset class in the last decade. Most successful investors see revenue growth in real estate when it is considered as the main asset to protect wealth and smartly invest in Dubai long-term.

This statement is not just an echo of the resurrection of investment strategies that were prevalent in the 1970s, but also with the focus towards wealth preservation.

Thoughts Of Arshad Darbar

With Mercedes-Benz AG’s entry into the market for luxury brands, Arshad Darbar, CEO of HouseFinder Real Estate, sees this as a good sign for the Dubai real estate market.

It not only consolidates Dubai’s image as a worldwide preferred place for the luxurious lifestyle but also accounts for an improved economic performance in the real estate sector.

Arshad explained further, that the development of this reastate by the presence of esteemed brands will increase the attractiveness of the market and will attract the high-net-worth individuals and investors seeking association with reputable global names in general.

This will in other words, create new opportunities in Dubai real estate arena, including the HouseFinder Agency, to cater the growing demand for luxury real estates.

The developers’ projected supply of 125,000 units in the foreseeable future would indicate a strong growth path for the real estate market in Dubai. As the housing supply surges, and the demand increases, a Real Estate Agency – HouseFinder, is ready to capitalize and offer clients a variety of properties and investment possibilities, as posited by him.

In addition to brand specific investments, the Dubai macroeconomic stability and receiving global investments make the city a perfect real estate hub. The projected economic growth of UAE in 2024 along with the actual growth contributes to the positive attitude towards the real estate sector of Dubai.

Looking into the future, HouseFinder Real Estate Agency expects the industry to experience a positive impact of the presence of investors from different regions bringing in their expertise and innovation.

The planned capital injection of a substantial amount in 2024 coincides with our envisioned continuation of growth trend and the real estate market’s prosperity in Dubai, which is a dynamic city.

Also Read: When Should One Purchase And Rent An Apartment In UAE?

FAQ’s

What Does Mercedes-Benz’s Debut Into The Dubai Real Estate Market Portend For The Premium Real Estate Sector Going Forward?

The participation of Mercedes-Benz reveals a promising trend for luxury Dubai real estate arena which either portrays an increase in global interest in the city or signifies growing interest in the same.

This is not only a merit that boosts the appeal of the market but it also communicates security thus serious investors are attracted and Dubai becomes a renowned luxury real estate destination.

How Might This Trend Impact The Overall Real Estate Market In Dubai?

The trend is poised to elevate Dubai real estate arena by fostering a competitive landscape. With global brands like Mercedes-Benz investing, it amplifies market appeal, potentially driving demand across various segments. This influx of interest could result in a more dynamic and resilient real estate ecosystem.

Will The Entry Of Luxury Brands Like Mercedes-Benz Lead To An Increase In Property Values?

The entrance of premium brands will help in augmenting the appeal of the key areas which might lead to the growth of property values. Incorporating popular brands into the luxury projects creates a significant perception of value in these localities hence attracting well-heeled buyers with a positive view on the strength of the market.

What Is The Expected Impact On Return On Investment (Roi) For Real Estate Investors In Dubai?

Investors can anticipate a favourable impact on ROI raging between 6.9 to 7% due to increased demand and heightened market visibility. The involvement of renowned brands, like Mercedes-Benz, may contribute to enhanced property values, making real estate investments in Dubai potentially lucrative for those seeking attractive returns.

With The Anticipation Of Delivering 125,000 Units In The Next Five To Six Years, How Might This Affect Rental Markets In Dubai?

The additional supply of units will hence affect Dubai rental markets by multiplying the numbers of options for tenants. Even though the satisfaction of the transit-oriented renters raised the diversity, this might also potentially lead to stabilizing the rental prices, thus strengthening the competitiveness of the property leasing market.

How Does Dubai’s Real Estate Market Appeal To Long-Term Investors In Light Of The Country’s Predicted Economic Development And Macroeconomic Stability? 

Forecast economic pace and growth in UAE as well as Dubai’s attraction as a lucrative real estate investment remain to be impressive. Stability provides the investors with grounds for security and the economic growth perspective assures the prospect of continued appreciation, therefore, the right location to invest in real estate property if you are going for duration in real estate property.

What Are The Challenges Or Risks Associated With Investing In Luxury Real Estate In Dubai, Considering The Current Economic Climate?

Furthermore, the positive attitude is hindered by market ups and downs, uncertain geopolitical environment and economic change. Investors should keep a close watch on external factors and do thorough due diligence in order to minimize the risks created by global economic conditions and other factors that influence the way our real estate sector operates.

How Do The Predicted Investments From Global Players Align With Dubai’s Economic And Geopolitical Landscape, And What Impact Might This Have On The Real Estate Market?

The nature of global investments, which are done in line with Dubai’s economy, and politics, is the proof of their stability and growth potential. Such convergence will henceforth result in more market activities, due to which property values are expected to rise anew and Dubai’s status as a worldwide real estate hub will be maintained.