Dubai is a key business and lifestyle hub, with investors looking to the city’s real estate as a safe investment.
The city offers a high-end environment and a burgeoning real estate market that is a safe bet for venture investors.
Metropolitan Premium Properties (MPP), a full-service real estate agency has seen a surge in European investors snapping up ready properties in Dubai.
The uncertainty in today’s climate is driving European investors, business owners, and families to resort to Dubai to live and work.
The surge in demand for real estate in Dubai has resulted in an increase in secondary market activity, with prices surging over 15 percent in the past two months.
Investors primarily from Germany, the UK, Italy, and France are buying ready properties in the luxury segment as soon as they are available, especially in popular areas such as Palm Jumeirah, Dubai Marina, Dubai Creek, and Downtown.
Commenting on the market, Alina Adamco, Secondary Market Sales & Leasing Director at MPP.
Adamco mentions that one of the company’s Austrian clients is relocating his business to Dubai and is looking to invest 200 million dirhams in residential property for his employees.
Properties in the mid-to luxury segment are most popular with demand outstripping supply.
MPP has seen its secondary market transactions increase three times in Q1 this year which has resulted in a 250 percent sales growth versus the same period last year.
