The news of Real estate in the UAE (7/03/2022)

Real estate in the UAE and Dubai in particular have maintained strong levels of returns even in the most difficult circumstances and crises, and Dubai today tops the list of the fastest cities to recover from the corona pandemic, and is also a safe haven for all segments to live, work and invest.
The real estate market in Dubai has achieved remarkable growth in 2021, and 2022 will see the continuation of the upward trajectory in terms of the volume of real estate transactions and also real estate prices in the country and it is expected that the demand for the real estate sector will not decrease on the map and despite the close of Expo 2020 Dubai, by the end of next March, but its impact on the real estate market is expected to last long.
The Dubai real estate market includes more than 600 thousand housing units, and it is likely to achieve about 50 thousand units in 2022, and it is worth mentioning that the largest percentage of these units will be delivered to owners who bought them years before the plan for housing, and therefore the sector will continue this year to perform upward both in terms of demand and the movement of the price index towards growth. The luxury real estate market in Dubai has witnessed a great growth in terms of demand on the one hand and prices on the other hand, where the units in the "Palm Jumeirah”, Dubai Marina" and Downtown Dubai jumped at high rates, which indicates the attractiveness of the emirate to capital owners and wealthy people from all over the world and then the real estate sector in Dubai succeeded in attracting more foreign investors, as Dubai ranked third in the list of cities with the highest growth rates in the capital value of residential properties.
Choosing a developer who is reputable just as important as investing in a good location where investing in Dubai with a well-known company in the region is crucial and choosing the right developer or company helps to make a safe investment.
Ellington Properties is one of the best real estate developers in Dubai, whose inspiration in developing residential units comes from the world of the arts and meets the wishes and aspirations of the owners and combines traditional and contemporary.
The large influx of investors and owners is due to several factors, most notably the great momentum created by Expo 2020, the move of the population to live in larger areas, in addition to the flexibility of policies in the UAE, the strength of its economy, its strategic location and the development of its infrastructure.
There are many places to invest in Dubai where you can invest in Business Bay and Downtown Dubai, being home to the tallest tower in the world and the largest shopping center and luxury cafes you can also invest in both the Palm Jumeirah and the Jumeirah Village Circle.
If you are looking for a wide range of luxury villas and apartments, as well as mid-range apartments and homes within sustainable communities, Mohammed bin Rashid City is the preferred destination for real estate investors with retail, shopping, entertainment and entertainment features due to its location on the roads of Sheikh Zayed Road, Sheikh Mohammed bin Zayed Road, Al Khalil Road and Al Ain Road Dubai which provides easy and fast travel connectivity for foreign travelers, visitors and residents.
What drives tenants and buyers alike to Downtown Dubai is the presence of some of the best schools, as well as the presence of the famous Dubai Mall, Dubai Opera and Burj Khalifa. Moreover, it is close to Jumeirah Beach and there are other places for investors to go such as Jumeirah Village Circle and Dubai Marina-it is home to high-rise apartments and beautiful villas as well as the Palm Jumeirah as one of the best places to invest in the city.
Real estate transactions in the Dubai Land Department during the current week achieved more than 7 billion dirhams, including 4.7 billion dirhams of real estate sales, according to reports.
Business Bay has topped the region in terms of the number of sales of apartments and villas with 178 sales worth AED 208 million, followed by the Palm Jumeirah with 135 sales worth AED 605 million, and the attractiveness of Dubai prices has raised the appetite of investors for projects, all of which will contribute to the growing growth of the real estate market in Dubai.