Latest Update on Dubai Real Estate Market. February 2021

Real estate is an asset class that was beaten down big in the aftermath of the pandemic. Experts now forecast that it will make a comeback but with a slight lag. But what does this mean for investors and buyers?

With the current pandemic backdrop, it has been widely recommended that those who are looking to enter the market for the first time should have slightly longer-term outlook as various macro factors are in the play such as availability of funding, banks’ risk appetite to lend, and revival of the job markets.

If you are a prospective house buyer in the market, all things are going in your favour now. Low mortgage interest rates, higher LTVs (loan to value), reduced service charges and attractive valuations make for a win-win situation.

Following a period of job losses, salary cuts, uncertainty about job prospects and tightening of credit standards – which was seen adversely affecting demand for property, buying appetite is seen returning to market as dire economic conditions ease. So, with improving clarity on cash flow for the near to mid-term future, as expected, analysts view the property market on track for a rebound.

Here are the factors that are currently making UAE real estate sector a buyer’s market:

• Low mortgage interest rates
• Higher loan to value ratio available
• Affordable property sales prices
• Reduced service charges
• Attractive price valuations
• Developer incentives such as service fee waivers, free appliances, etc

Alandalus at Jumeirah Golf estates
https://www.youtube.com/watch?v=zrqZEVYxbuc

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Видео Latest Update on Dubai Real Estate Market. February 2021 канала Vitalii Grytsenko