After a shaky year, the UAE’s property market is on a solid growth trajectory and is trooping ahead as it emerges from a slowdown induced by the global Covid-19 pandemic.
The UAE has become something of a safe haven during the pandemic, offering a welcome respite from the lockdowns that continue to emerge across the globe.
The real estate market is gaining momentum and projections for the second half of 2021 allude to a strong rebound brought by factors, such as stimulus packages, visa reforms and strong demand from end-users and investors.
Recording the highest number of total residential transactions since 2015, experts are citing the country’s management of the crisis, support measures to improve the ease of doing business, and long-term residency regulations as contributing factors to the recovery.
Buying a property is often one of the most important decisions any individual can make, requiring extensive planning and good consideration to ensure that all needs are met.
High-end real estate brokerage, Engel & Völkers, lays out what potential buyers need to know, from costs, processes to legalities, ahead of buying real estate in Dubai.
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