@@KamilMagRealEstate as far as i know Dubai’s real estate market is at a promising stage, making it an excellent time to invest. The current population of 3.8 million is projected to grow to 5.8 million by 2040, supported by initiatives to promote business, real estate development, economic diversification, tourism, residency, startups, and improved living standards. With an annual growth rate of at least 1.44%, this population target is realistic, even under moderate growth scenarios. Tourism numbers are equally impressive, with 10 million visitors recorded by mid-2024 and projections reaching 15 million by year-end. Business activity is surging, as evidenced by 19,000 new companies registered in Q1 2024-a 17% year-on-year growth. Additionally, the UAE attracted $22.7 billion in foreign direct investment (FDI) in 2022, the highest in West Asia and MENA, reflecting strong global investor confidence. Dubai’s global competitiveness is evident, ranking 8th in the GPCI, ahead of cities like Melbourne and Hong Kong. The city’s economy is robust, with a 3.3% GDP growth in Q2 2024. The UAE has also become the top destination for high-net-worth individuals (HNWIs), further driving demand for real estate. Importantly, Dubai’s property market is considered stable, with a low-risk UBS real estate bubble score of 0.64, offering better affordability than comparable global cities. While the overall market is thriving, a villa shortage of 10,000 units underscores growing demand, making villa investments particularly lucrative. However, investors should carefully evaluate factors like location, project quality, developer reputation, and property type to ensure optimal returns. Investing in the right project from a reputable developer is key to capitalizing on Dubai’s real estate opportunities.
Yes. And unique model. Good governance in other countries can not compare to this model. It’s closer to corporate model rather than just good governance in frame of public management in other countries
Great Video! Thanks!
Always welcome, doing my best 🤝
Beautiful knowledgeable piece of video.
Thank you for kind words, really appreciate it . Do you agree with me , by the way?
@@KamilMagRealEstate as far as i know Dubai’s real estate market is at a promising stage, making it an excellent time to invest. The current population of 3.8 million is projected to grow to 5.8 million by 2040, supported by initiatives to promote business, real estate development, economic diversification, tourism, residency, startups, and improved living standards. With an annual growth rate of at least 1.44%, this population target is realistic, even under moderate growth scenarios.
Tourism numbers are equally impressive, with 10 million visitors recorded by mid-2024 and projections reaching 15 million by year-end. Business activity is surging, as evidenced by 19,000 new companies registered in Q1 2024-a 17% year-on-year growth. Additionally, the UAE attracted $22.7 billion in foreign direct investment (FDI) in 2022, the highest in West Asia and MENA, reflecting strong global investor confidence.
Dubai’s global competitiveness is evident, ranking 8th in the GPCI, ahead of cities like Melbourne and Hong Kong. The city’s economy is robust, with a 3.3% GDP growth in Q2 2024. The UAE has also become the top destination for high-net-worth individuals (HNWIs), further driving demand for real estate. Importantly, Dubai’s property market is considered stable, with a low-risk UBS real estate bubble score of 0.64, offering better affordability than comparable global cities.
While the overall market is thriving, a villa shortage of 10,000 units underscores growing demand, making villa investments particularly lucrative. However, investors should carefully evaluate factors like location, project quality, developer reputation, and property type to ensure optimal returns. Investing in the right project from a reputable developer is key to capitalizing on Dubai’s real estate opportunities.
In few words
Good governance
Yes. And unique model. Good governance in other countries can not compare to this model. It’s closer to corporate model rather than just good governance in frame of public management in other countries
Great video - however upcoming cities such as Riyadh and Doha may influence these factors
Well, Doha, Riyad is still to prove that they have “key ingredient”
How is Binghatti property for investment?
Well, I don’t answer questions based on names of developers - if you are ready to make investment , let’s get in touch and talk through