Dubai’s residential market is gradually shifting into a seller’s market to profit from the gains achieved during the previous three-year surge in real estate prices.
Industry experts claim that the recent surge in real estate prices is beginning to slow down and that when growth eventually reaches a plateau, some investors will be prompted to sell their properties and put their money into emerging markets that may yield higher returns.
Real estate in Dubai has seen several price increases, surpassing the 2014 peak last year due to the extraordinary demand in the post-pandemic period.
It’s interesting to note that many of the customers who purchased real estate during the pandemic year are now selling to cash in on the gains made over the previous several years. These buyers saw an increase in value of up to 200 percent of their assets.
A Betterhomes analysis indicates that sellers are in a favorable position right now, benefiting from increased real estate transactions and rising prices brought on by increased buyer demand.
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