Property

Dubai Investments has officially confirmed its first international project, set to take place in Angola, Africa. The venture, covering 2,000 hectares, is designed to mirror the success of Dubai Investments Park in Dubai. Encompassing residential, commercial, and industrial real estate, the project will integrate seamlessly across a 3-kilometer coastline and a 2-kilometer beachfront. Dubai Investments, trading at Dh2.36 on the Dubai Financial Market, will develop the infrastructure and lease land for the project, which includes plans for an 18-hole golf course and diverse housing options. The strategic location in Dande Municipality positions it 50 kilometers from Luanda, the capital, and 33 kilometers west of Caxito, the provincial capital. The project underscores Dubai Investments’ commitment to leveraging its expertise in constructing successful mixed-use developments globally, marking a strategic expansion into the African market.

  For a true pulse on market performance, go with what’s happeningon ready homes When it comes to property investments in Dubai, the best way forward is toformulate realistic assumptions regarding the trajectory of the real estatemarket. To do so, it is essential to delve into the fundamental cycle thatpropels real estate prices.What are the underlying principles that drive these price? While there existany number of valid reasons behind the buoyant state of Dubai & real estatemarket, they all converge on certain pivotal triggers that fuel price increases.This cycle commences with an intricate interplay between supply and demand,particularly for ready properties. These residential units serve as trueindicators of the actual real estate market & pulse, as opposed to off plan sales.This is because off plan sales tend to diverge from demand for readyproperties, because they are overly reliant on investor enthusiasm and marketsentiment to propel them. A good market run Consequently, they cease to accurately represent the essential factors thatdrive the market. Nevertheless, it is vital for all investors – and landlords – to maintain a sense of realism. The rapid price escalation in Dubai property from late 2020 onwards – when the market was at its lowest point – cannot be expected to continue at the same pace indefinitely.Therefore, it is prudent for sellers and landlords to identify the actual marketvalue of their properties using the open data sources provided by Dubai LandDepartment. Depending on their willingness to sell or rent, as opposed towaiting for the ‘perfect’ time for a buyer or tenant, they should make informeddecisions, even if it entails accepting offers slightly below their expectations.While there is a noticeable upward trend in the number of transactions, asevidenced by 31,000 property sales transactions and a 23 per cent increasecompared to Q3 2022, as well as a sales value of Dh98 billion in Q3-2023,investors must be cognizant that healthy trend, while indicative of marketsustainability, does not imply an endless surge in property prices.The substantial increase in supply, exemplified by the registration of 90 newprojects in Q3-23, representing the highest ever for any third quarter in thepast. With this surge in supply, demand may become diluted across numerousprojects in the market, potentially slowing down the rate of price appreciation.Unrealistic market dynamics must be avoided for the sake of long-termsustainability. In summary, the Dubai real estate market exhibits stability interms of transaction volumes and property prices. However, no investmentdecision should be made without scrutinizing the stats at the unit level. TheDubai Land Departments& provision of data is a valuable resource for allmarket stakeholder…