Page 18 - Prosper Real Estate PR Report- January 2024

The secret to succeeding in the UAE’s competitive real estate landscape
Is the price right?

Another feature of the UAE’s real estate sector is diversity in price range and investors must gain

broad knowledge on current market trends like price fluctua ons and growth poten al across
different emirates.

During the second quarter of 2023, Dubai’s residen al real estate market witnessed a

substan al surge in both sales volume and value, boas ng over 30,000 property transac ons

and an aggregate sale value exceeding Dhs91bn. The figures indicate Dubai has had an
outstanding performance in the second quarter, showcasing a remarkable 35 per cent up ck in

transac ons and an impressive 54 per cent surge in sales value when compared to the

corresponding period in 2022.

This indicates that demand is high and will con nue to remain so as project deliveries are

staggered well into 2025 and 2026. The demand has added a premium to prices and hence

shopping across mul ple neighbourhoods, emirates, and developments will offer a fuller picture
of the investment opportuni es available.

Apart from the investment made in a property, a perfect budget strategy should also consider

extra expenses like registra on fees, legal expenses and property management costs. By

crea ng a well-structured budget investor can easily avoid many unprecedented financial pi alls
and ensure efficient financial decision-making.

Loca on, loca on, loca on

The diverse property types and their neighbourhoods can also some mes pose a challenge for

investors to make the right decision. Making real estate investment decisions is crucial to set a
prac cal budget management strategy and choose a loca on accordingly. For example, while

Dubai may amaze with its opulence, it comes at a premium cost that everyone cannot afford.

For those seeking to lead a luxurious life affordably, Al Nahda Sharjah can be an ideal choice, as

it offers more budget-friendly alterna ves.

For investors seeking long-term growth, Ras Al Khaimah’s planned infrastructure, and hospitality

projects, which are expected to bear frui on in the later half of the decade, is a definite
considera on.

Understanding the laws

Inves ng in a rapidly evolving real estate market like the UAE requires more than just a keen eye
for trending real estate opportuni es and budget. In order to navigate the intricacies of the UAE

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