2021 best year to avail of major real estate investment opportunities in UAE, says Medallion Associates

We are confident that our job is to attract and execute real estate investment transactions through the complex financing of assets. The fund-structured financing will stimulate new activity in the emirate’s real estate community, which will further accelerate its recovery and fuel its growth. “Al Awar revealed.

Amid the pandemic, Dubai’s real estate market recorded a total of 35,600 transactions valued at AED 72 billion in 2020, up from AED 82 billion in 2019 – making the country one of the most preferred sophisticated and smart investment destinations.

In addition, there has been an increase in villa prices in Dubai recently. According to a report published by Reidin, sales prices for villas in the emirate have increased since September 2020. The Villas segment saw sales prices change quarterly by 2.7 percent, and rents also rose 2 percent in the final quarter of 2020.In Abu Dhabi, villa sales prices rose 2.7 percent every quarter, and rents fell slightly by 0, 8 percent back. The sales prices for villas have now increased by 2.2 percent.

According to the same Reidin report, Dubai’s residential real estate market had sales of over AED 56 billion in 2020, with the total value of ready-to-use property transactions exceeding AED 34 billion in the same year. This is 13 percent more than in 2019. The transaction value for residential property in the ready-to-use property market in Dubai remained at AED 1.2 million per transaction, while the average transaction price in the offline property market in 2020 was 1.1 million . AED fell This means that ready-property transactions in Dubai and Abu Dhabi rose slightly by 2 percent compared to 2019.

Al Awar also noted, “Even during the toughest times, the real estate market in Dubai and the United Arab Emirates in general continued to attract investors from Europe and the United States as global migration picks up pace. These investors want four main drivers to move, namely macroeconomic stability, security and protection. modern infrastructure; higher standard of living; and policy coherence. “

The tourism sector, a pillar of Dubai’s non-oil economy, is also driving developments in the real estate sector. Almost 1.1 million tourists visited Dubai after the lockdown was lifted in July through November last year, bringing the total number of visitors entering the country between January and November 2020 to 4.9 million.

In addition, the recent historic decision by the United Arab Emirates government to offer citizenship to eligible foreigners is a welcome development for the country’s real estate segment. The new policy of attracting more talent who can contribute to the country’s progress will have a positive impact on the market with the subsequent entry of potential property investors.

Real estate is also expected to benefit from the government’s stimulus packages to be rolled out in 2021, particularly in Dubai, which was one of the first companies to open under strict precautionary and security measures.

In addition, for 2021 it has been found that total government spending is set at AED 57.1 billion, with 41 percent devoted to infrastructure and transportation, 31 percent to social development, and 22 percent to security, law and security. Senior Medallion Associates have indicated that these investments are likely to boost the real estate sector and bring it to a whole new level of competition in the regional and global marketplace.

This year the UAE is offering investors great growth opportunities in the planned construction of many revenue-generating properties. According to the announcements of the main real estate developers, 69,500 residential units are in preparation in the UAE for 2021. However, the market is likely to see a lower rate of materialization. Around 2,900 units entered the Abu Dhabi property market in 2020, and around 17,000 units are in the pipeline over the next two years.

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About Medallion Associates:

Medallion Associates, headquartered in Dubai, is a leading real estate investment and advisory firm providing advisory services for exclusive real estate developments in the private and public sectors.

In addition to core services such as private equity placement, fundraising, joint ventures, asset management and real estate sales through the company’s sales channels, Medallion Associates also provides real estate marketing services.

For further information please contact:
CommuniGate Middle East
P.O. Box 500270, Dubai, United Arab Emirates
Tel .: +971 4 4546093
Fax: +971 4 3612432
Email: [email protected]
Website: www.communigateme.com

© Press release 2021