New visa regulations, prices attract Dubai real estate investors
Lower prices mixed with new laws regarding visas and retirement options are pushing Dubai residents to take the plunge as first time buyers in the property market.
Data from Bayut.com the city’s most in-depth property portal shows a positive start to the year in term of apartment and villa sales.
Contrary to popular opinion, however, it’s not just the lowered prices that are attracting first-time property buyers in the city. The announcements regarding the new visa laws and retirement laws have resulted in creating a more positive sentiment toward Dubai as a viable market for expat investments.
Developers are also trying to stay ahead of the game with innovative and attractive new payment plans, rent-to-own schemes and other marketing strategies to entice more buyers.