Real Estate In Dubai Attracts European Investors
Recent market research from a Dubai consulting business suggests rising interest in new homes in Dubai from European investors.
The recent rapid growth of the real estate market in Dubai has welcomed an influx of foreign buyers and investors looking to buy a property in Dubai. Traditionally, high-net-worth investors from all over the world were interested in beachfront properties.
European Investors Looks For New Property In Dubai
Interestingly, the recent market data suggest a particular rise in demand from European investors. Those are buyers from Germany, France, Italy, and other European countries who enter the real estate market in Dubai, further confirming its growing appeal and trust.
Experts define three categories of buyers now: end users and residents, investors, and business professionals interested in reselling.
Most buyers base their property search on their lifestyle requirements and choose specific areas for buying a new home in Dubai. Some requirements include lifestyle options, facilities, build quality, and finishing and floor plans.
Generally, investors often focus on existing homes and carefully review various offers. In turn, those looking to resell often opt for off-plan projects in Dubai because of possibly higher returns when the construction is completed.
High Net Worth Buyers
There is a separate group of buyers with significant private capital. Typically, they buy new properties in global hotspots for their collection to symbolize their success and wealth. Such property assets are often designed by world-renowned architects and designers and symbolize a specific lifestyle or a milestone.
Unsurprisingly, demand for such properties in Dubai also recorded an upward trend, following the rapid property market growth in the emirate.
