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This article provide Dubai real estate demand for off-plan properties soar fuelled by tourism. In May alone, the off-plan segment accounted for a significant 49 percent of total sales transactions, fuelled by the emirateu2019s tourism influx. Dubaiu2019s off-plan real estate market is luring international investors due to its affordability and resilience, according to Zu0101ZEN Properties.<br>For more information Check out the article refrence here: https://www.arabianbusiness.com/industries/real-estate/dubai-real-estate-demand-for-off-plan-properties-soar-fuelled-by-tourism
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DUBAI REAL ESTATE: DEMAND FOR OFF-PLAN PROPERTIES SOAR FUELLED BY TOURISM
This article provide Dubai real estate demand for off-plan properties soar fuelled by tourism. In May alone, the off-plan segment accounted for a significant 49 percent of total sales transactions, fuelled by the emirate’s tourism influx.
Dubai’s off-plan real estate market is luring international investors due to its affordability and resilience, according to ZāZEN Properties.
In 2022, the UAE saw a 97 percent year-on-year growth in tourist arrivals, achieving a record number of 14.36 million visitors. Dubai, in particular, welcomed six million tourists in the first four months of 2023.
TOURISM INFLUX DRIVING OFF-PLAN SALES IN DUBAI This tourism influx has caught the attention of global investors and businesses, who choose Dubai for its stable geopolitical climate, sustainable practices, world-class infrastructure, and abundance of opportunities.
The city’s off-plan real estate market, in particular, has become a hot selling point for international investors due to its affordability and resilience. In May alone, the off-plan segment accounted for a significant 49 percent of total sales transactions.
“With the responsibility to nurture this agenda being on key decision- makers and governmental stakeholders, initiatives like COP28 present an excellent opportunity to reinforce the significance of sustainable living,” Madhav Dhar, co-founder and COO of ZāZEN Properties, stressing on the importance of sustainable developments in accommodating the growing population, especially within the mid- income segment.
For more information Check out the article refrence here: https://www.arabianbusiness.com/industries/real-estate/dubai- real-estate-demand-for-off-plan-properties-soar-fuelled-by- tourism