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    How UAE ‘FATF grey list’ boost is driving investments and affordable property is set to boom?

    Posted by main.admin on April 28, 2024
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    Welcome to the exciting world of the real estate market, which is growing strongly in 2024. After the removal of Dubai from the FATF grey list, we have seen a huge increase in its real estate market. This removal has gained the trust of many investors, which has resulted in a significant increase in sales volume. In this blog, you will learn about how the removal from the FATF grey list will affect the Dubai real estate market.

    This guide will highlight the things about the boost in the Dubai real estate market, the rise in affordable properties, the increase in sales, and more. Read this guide in detail to find out how the removal of FATF will affect the real estate market in 2024.

    Market surge after FATF boost

    The removal of Dubai from the FATF grey list has resulted in the increasing trust of investors. The first three months of this year saw a huge 19.3% increase in sales compared to last year. This huge increase in 2024 shows that Dubai is becoming a very profitable choice for every investor.

    Dubai’s affordable property boom

    Dubai Real Estate

    Do you know that over 30% of properties were sold for under AED1 million in recent times? This shows the big demand for affordable properties in Dubai after their removal from FATF. On the other hand, over 70% of properties were sold for under AED3 million. It shows that both low-level and high-level investors are attracted to Dubai now.

    Surge in the Dubai real estate market

    These statistics show that Dubai is experiencing a huge surge in the real estate market. With the advancements and new policies in Dubai, more and more people are buying properties, especially apartments. In fact, apartments accounted for 61.2% of total sales, while villas and townhouses made up 38.8%. These statistics are clearly showing that apartment living is becoming more popular. So, if you want to take advantage of this opportunity, do not wait and get in touch with a reliable dealer.

    Investors confidence soars

    FATF removal increases the confidence of investors from all over the world. The financial credibility in Dubai is increasing, which makes it a very safe place to invest. Trust and profitability are the main reasons behind the huge surge in the Dubai real estate business. Moreover, Dubai is also launching many new projects to meet the demanding needs of its users.

    Top Destination for Investors

    Dubai has become one of the top destinations for investors because of its outstanding infrastructure. According to the expert analysis, the developers in Dubai are launching a new project every 17 hours. Some of the prime locations in Dubai are Dubai Marina, Palm Jumeirah, Business Bay, Jumeirah Village Circle, Jumeirah Lake Towers, Arabian Ranches, and Dubai Hills Estate.

    Impact of FATF grey list removal

    Dubai Real Estate

    One of the top reasons behind the increase in property sales and the trust of investors is FATF grey list removal. It has become even more financially credible and attracts a lot of visitors and investors. This has led to an increase in sales volumes and a surge in investor confidence.

    Expert predictions for the Dubai market

    According to the analysis and predictions of experts, Dubai will be a big opportunity for investors in 2024. They predict that Dubai is going to experience the biggest real estate boom in the next 10 years.

    They believe that the increase in population will also play a key role in the growth of the market. In the first quarter of 2024, over 25,000 individuals moved to Dubai and started living there. Which showcases that the future of Dubai is very bright for the real estate business.

    Dominance of off-plan purchases

    After the removal of Dubai from the FATF grey list, off-plan purchases have also increased in 2024. Investors from all over the world are attracted to the flexibility and potential returns of off-plan properties. The top developers are attracting this demand and working on launching as many new projects as possible.

    Preferences for affordable properties

    Dubai Real Estate

    In recent times, over 30% of properties were sold for under AED1 million. This trend shows that people are getting more interested in buying affordable properties. Normal individuals and investors are looking for affordable properties for living or investment purposes.

    Population growth is driving the market

    After the removal from the FATF grey list, population growth is also boosting investment rates. Only in the first quarter of 2024, over 25000 individuals made Dubai their home. This population increase is boosting demand for new homes and driving the real estate business upward.

    Dubai’s favorite apartment living

    In recent times, we have seen an increase in apartment sales for living or investment. The reason behind this increase is that apartment living is always a popular choice in Dubai. In the first quarter, apartments accounted for 61.2% of all sales in the real estate market. However, apartment sales in Dubai were only 13% in the previous quarter.

    Dubai’s real estate market analysis

    Dubai Real Estate

    The Dubai real estate market is experiencing a period of robust growth due to many factors. Some of the main factors are removal from the FATF grey list, an increase in the population, and the frequent launch of new projects. The expert analysis shows that the investment rate will continue to increase in the upcoming years.

    Dubai’s hot real estate areas

    Some of the prime residential areas in Dubai are Jumeirah Village Circle, Business Bay, Al Barsha, and Jebel Ali. These top-notch residential areas are among the top choices of real estate investors. These areas offer a mix of luxury amenities, a convenient location, and strong rental potential. Due to these reasons, these areas are attracting both local and global investors.

    Conclusion

    In conclusion, Dubai’s real estate market is experiencing a period of unprecedented growth and opportunity. The removal of Dubai from FATF is one of the main reasons behind this increase. It leads to an increased trust rate among investors, the launch of new projects, and an increase in sales volume.

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