How to Buy a House in Dubai in 2020?

1. Own A Space How to Buy a House in Dubai in 2020? Believe it or not, property market of Dubai is highly lucrative. It not only attracts global investors, but local residents, too. According to some market experts, the property market is quite promising and can give rich dividends. Even the prices are also attractive and can give good opportunities to investors. Since the market is already at its lowest, it is more than important to invest in a property right now. According to a report, prices and rentals to remain relatively stable and the year 2020 will see a major recovery. Government Initiatives Government of UAE is also taking a wide range of initiatives such as easing of regulations in foreign ownership of business, etc. The aim is to stimulate demand as well as to reduce the impact of overall downturn. According to some experts, the economic activity across Dubai will also boost investor’s sentiments and enable them to purchase properties. This will help the region to achieve a good demand-supply balance. Residential and commercial sectors are doing well across Dubai. Indeed, the region has been experiencing growth in this sector. This is a positive sign of the market and allows more and more people to invest in residential and commercial buildings. Rental Market We all know that around 70% of expats prefer to rent in Dubai. They rent duplexes, apartments and villas for their families. They rent 2-4 bedroom flats in the most buzzing regions of Dubai. They also buy houses in Dubai. This shows that the market is quite good for long-term investment. New Schemes There are many schemes such as DLD registration fee waivers, etc. that are not only attractive options, but also encourage property buyers to buy homes of their choices. Hence, we can say that it is an ideal time to buy a house in Dubai.