Investments in real estate have been the main pillar for preserving and increasing capital for many years. The main aspect of creating a successful investment portfolio has always been and will be the right choice of an expert company to build an investment strategy.
Team of the company - expert VelesClub Int. has been successfully growing and occupying a leading position in the field of international real estate since 2015; by the end of 2023, our company’s services already cover more than 20 countries around the world.
Our team of analysts has prepared a short excursion for you to get acquainted with the UAE real estate market:
To begin with, the UAE ranks first in 2023 according to the Investment Confidence Index among all countries in the Middle East and Africa. In the world, the UAE is only surpassed by India and China.
The population of the UAE is growing from year to year, both from the local population, relocators and foreign investors, this has a significant positive impact on the growth in demand for the purchase and rental of real estate. Annual GDP growth, improvement in the UAE economy as a whole, employment levels and available business prospects, oil prices (despite the fact that the Emirates has actively diversified the country's economy and reduced its dependence on the oil trend), low mortgage rates and expenses on loans for real estate buyers, also have a very positive impact on the state of the UAE real estate market, which has shown consistent positive trends over recent years.
Only the global pandemic of 2019 could make a negative contribution to the growth of the UAE real estate market, as a result of which the flow of tourists and the entry of qualified expats (mainly from the sectors: hotel, air travel, transport) into the Emirates and, as a result, the cost and demand for housing in the Emirates significantly decreased. UAE declined. Since the opening of borders after the pandemic, the market began to recover at an active pace and by 2022 had already begun to break all possible records.
In 2022 alone, the total transaction volume for real estate transactions amounted to more than 266 billion dirhams, and the transactions are very diversified: secondary real estate, off-plan (real estate under construction) sales. In 2023, the cost per square meter of off-plan housing in the UAE was just over $5,000.
“The UAE real estate market is unique in its high investment rates, minimal taxes, high and stable investment returns that do not depend on global turmoil, and ideal conditions for business relocation. Don’t forget to enlist the support of leading companies in the global real estate and investment market for advice and support of the transaction to increase capital,” summarizes the General Managing Partner of VelesClub Int. Sergey Tumanov.
Any real estate investment requires evaluation and balance, and complete trust in market experts. A team of experienced managers at VelesClub Int. I am always ready to answer all your questions and accompany you at all stages of the transaction and subsequent reinvestment and diversification of your investment portfolio.
