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  • Alben Group of Companies

As High as Skyscrapers Dubai’s Real Estate Market Surpasses the 1 Billion Mark!

Updated: Oct 17, 2022

Whether you’re looking to diversify your investment portfolio and embrace Dubai’s infinite opportunities or deep dive into the Emirati culture and plant roots somewhere in the city, there are a billion and one reasons that make Dubai’s property market enticing!

A beacon of luxury and testament of vigour, Dubai has always been the main attraction—a nation desired for its innovation, ambition and unparalleled lifestyle! And as one of the fastest-growing cities in the world, Dubai has managed to achieve unprecedented records in its real estate market, elevating its name to even greater heights. And here’s why…

1. Regulated Market

As one of the seven emirates in the UAE, Dubai is amongst the most popular cities in the world, perpetually working on fortifying its competitive positioning. Its real estate market is amongst the most transparent in the region, where frequent laws are put forth by the government to increase the market’s appeal and therefore encourage investments.

2. Elevated Standards

Whether it's Dubai’s strategic position in the Arabian Peninsula or its highly diversified economy, the Emirate has always been an icon of opulence. As one of the safest countries in the world, every corner of Dubai tells stories of innovation, fortitude and creativity without limits. Ranked as one of the best cities to live in, investors and individuals are looking to be part of Dubai’s robust environment whether in business or real estate.

3. Forward-thinking

Just last May, H.E. Sheikh Hamdan bin Mohammed, the Crown Prince of Dubai, and H.E. Sheikh Maktoum bin Mohammed, the Deputy Ruler of Dubai, reviewed the comprehensive restructuring plans for Dubai Municipality and the Dubai Land Department to propel real estate investments forward and nurture public-private partnerships. With the ever-progressing developments and introduction of technology into standard practices, Dubai is known to be the ‘nation of the future’, significantly adding value to the real estate market.

As of September 2022, Dubai’s real estate market has exceeded the AED 1 billion mark, reaching AED 1.1 billion and making waves in all of the UAE! And while there are a plethora of reasons that make Dubai one of the most brilliant cities in the world, we know that it’s not going to take anyone much convincing to fall for Dubai’s exceptional charm.

If you’re looking to set your roots in the Emirate or are eager to add one of its properties to your investment portfolio, then our eclectic team of experts at the Alben Group of Companies will guide you in the right direction.

Take a leap and embark on a journey towards the future with us! Contact our team today and let’s help you deep dive into Dubai’s real estate market!

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