Dubai’s bustling real estate market is witnessing an exciting influx of premier European developers. At Seventh Key, we pride ourselves on keeping our finger on the pulse of these developments, leveraging our position as an industry leader to offer you the latest insights. It’s an exhilarating time to engage in Dubai’s property landscape, with increasing opportunities for lucrative investments on the horizon.The post-pandemic recovery period has seen an influx of investors from the UK, Italy, Turkey, and France, recognizing Dubai’s attractive investment opportunities. This recent trend has even outstripped the traditional interest from South Asian and Gulf investors.Two key players entering Dubai’s dynamic market are the Swiss firm DHG Properties and European developer R.evolution Spain. Their presence emphasizes the thriving sales of off-plan property, a segment where Seventh Key has a proven track record. These sales are projected to exceed Dh300 billion this year, reflecting the robust health of the sector.
In June 2023 alone, the Dubai real estate market saw a 10-year high with Dh30.41 billion worth of transactions recorded. This is a significant increase of 17.78% in volume compared to June 2022. Given the sales trends in the first half of 2023, we anticipate total sales reaching Dh300 billion by year-end.
Undoubtedly, the Dubai property market is on an upward trajectory. Real estate consultancy Knight Frank MENA agrees, noting Dubai’s strong appeal due to its affordability and high investment returns. This sentiment is echoed by developers and consultants who underscore that local property can yield high single-digit returns, outperforming many other major cities.
R.evolution has launched its inaugural residential project, Eywa, in the Business Bay area. This project, featuring 48 waterfront residences, underscores the growing demand for homes that offer a rich and immersive living experience. Meanwhile, DHG Properties has announced its first project in the UAE, Helvetia Residences, in the famous Jumeirah Village Circle.
At Seventh Key, we can guide you through the opportunities these developments present. Our expertise in the Dubai market and our multilingual team of experienced agents will help you navigate the landscape and make the best investment decisions.
Whether you are an experienced investor or a first-time buyer, Seventh Key Dubai is committed to delivering exceptional service and results. As the Dubai real estate market grows, we are here to provide you with the knowledge and support you need to succeed in your investment journey.
If you’re interested in learning more about Dubai’s latest real estate opportunities or would like to discuss your investment options, don’t hesitate to contact Seventh Key. Our team is ready and eager to help you make the most of Dubai’s real estate market’s exciting opportunities. Contact us today, and let’s take the first step toward your real estate success together.