Dubai Real Estate Market Showing Promising Signs of Recovery
The coronavirus pandemic has caused major disruption to economies around the world – but there are now indications that pent-up demand in the economy is finally being released.
A recent bulletin from the Dubai Land Department reports that real estate transactions in the UAE state have risen 43% in the year leading up to March 2021.
There are also encouraging signs when it comes to foreign investment: in Q1 2021, Dubai saw 5,683 new investors get involved in its property market. This has contributed to some very exciting news: last month saw the first quarterly property price rise is seven years!
Although many experts are reporting that prices won’t return to pre-crisis levels until next year, we can certainly see green shoots emerging. This is testament to the extraordinary work and resilience of real estate professionals in the region, who have done so much to put Dubai on the map as a truly global destination.
At such a pivotal moment in the real estate market, we’re absolutely delighted to be bringing back the Gulf Real Estate Awards this year. It’s more important than ever to learn how top companies are developing outstanding real estate strategies, and the Awards will contain dozens of examples of that! At the Awards Finals, every finalist delivers a live presentation, and many of these are open to spectators. This makes the Awards a huge learning opportunity: companies give frank and honest assessments of their business journey, and the insights they give are extremely valuable.
But this is also a chance to win! If you’re looking for a competitive edge, something to improve your marketing strategy, or a way to raise your team morale, winning at the Awards is a fantastic boost for any company.
After the restrictions of the last twelve months, we can’t wait to host a live, in-person event in Dubai in November. Let’s celebrate the continued progress of the industry together! If you enter the Gulf Real Estate Awards before July 15th, you can get a sizeable entry discount. Find out more!