Dubai’s Real Estate Market Continues to Grow: HNWIs and UHNWIs Investments Reach $146 Billion

UHNWIs Investments Reach $146 Billion
Sabit Online – Dubai’s real estate market continues to experience unprecedented growth, driven by high-net-worth individuals (HNWIs) and ultra-high-net-worth individuals UHNWIs investments reach $146 billion in the sector so far.
This surge in capital has made Dubai the largest offshore real estate investment market in the world, according to industry experts.

Key to this growth is Dubai’s golden visa initiative, which has proven to be a major factor in attracting foreign capital.

The long-term residency program offers stability and security for investors, particularly HNWIs and UHNWIs, looking to make the emirate their second home. In 2023 alone, 158,000 golden visas were issued, highlighting the appeal of this program among global investors.

Golden Visa Driving Growth

Bas Kooijman, CEO of DHF Capital S.A., credits the golden visa program as a primary catalyst for the current real estate boom.

“The ongoing expansion of infrastructure, including new luxury developments, continues to enhance Dubai’s appeal to global investors. The UAE government’s proactive approach to residency and investment programs, like the golden visa, is attracting a significant influx of foreign capital,” he said.

Dubai has become a global hub for wealth migration, with millionaire investors flocking to the city. It is estimated that these individuals will invest up to $5 billion in the real estate sector this year.

The combination of excellent infrastructure, a safe business environment, and favorable tax policies make Dubai an attractive destination for those seeking long-term returns.

Farooq Syed, CEO of Springfield Properties, emphasized the significance of the golden visa in Dubai’s growth strategy.

“The golden visa program has been essential in attracting HNWIs and UHNWIs to Dubai. Its long-term residency offers peace of mind to those looking to invest in the thriving real estate market,” he said.

Luxury Market in High Demand

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The majority of golden visa holders are investing in properties around the Dh2 million range, which aligns with the visa’s minimum investment requirements.

This price point, according to Syed, is dominant because it provides broader accessibility while still offering strong potential for capital appreciation.

At the higher end of the market, luxury properties continue to attract UHNWIs seeking prime investments. Exclusive neighborhoods such as Palm Jumeirah and Jumeirah Bay Island have become popular among wealthy buyers from Europe, Southeast Asia, and CIS countries.

These areas are known for their luxurious developments and high rental yields, making them prime choices for investors seeking both financial returns and a second home.

“There’s also a growing trend of UHNWIs purchasing ultra-luxury properties as part of their wealth diversification strategies. These high-end properties serve as both an investment and a holiday home,” added Syed.

Long-Term Investment Outlook

Kooijman highlighted that Dubai’s favorable tax environment, including zero income tax and limited profit tax, has further solidified the city’s appeal to investors.

Additionally, Dubai’s strategic location between Europe, Asia, and Africa makes it an ideal gateway for international business and travel.

“With Dubai’s modern infrastructure and the golden visa’s continued evolution, the real estate market will remain a key area for both local and international investment. We expect the cumulative investment in Dubai’s real estate to surpass Dh300 billion by 2028,” he stated.

As the city continues to develop world-class infrastructure and luxury real estate projects, the golden visa will remain a crucial factor in driving the inflow of global wealth.

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Dubai’s resilience during global economic downturns, coupled with its commitment to sustainability and smart city initiatives, makes it a prime destination for investors seeking long-term growth and security.

A Bright Future for Dubai’s Real Estate

With $146 billion already invested in Dubai’s real estate market, the sector shows no signs of slowing down. The golden visa program, along with the city’s strong regulatory framework, will continue to attract HNWIs and UHNWIs looking to capitalize on the city’s robust growth potential.

As Dubai’s luxury residential market expands, investors from across the globe will likely continue to view the emirate as both a secure investment opportunity and an ideal location for a second home. The city’s real estate sector remains poised for sustained growth in the years to come.

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