The Dubai real estate market has seen a return and is as busy as ever post-Covid-19 lockdown. The jewel of the Middle East has been the destination for high net worth individuals for the past 20 years thanks to a combination of great weather and beautiful residential properties. Now, investors and buyers who had put off buying homes pre-lockdown are now hunting for luxury properties once more.
According to Arabian Business, Dubai’s luxury residential properties are 10 times cheaper than Monaco, the most expensive city in the world. The variety of properties and Dubai’s amenities have made it the destination of choice for a new generation of high net worth individuals. The Prime International Residential Index (PIRI 100) recently claimed that a $1 million investment in Dubai property can purchase up to 154 sq. m of prime real estate in the city where values have been falling for the past few years.
“Although the coronavirus is still affecting other parts of the world, the Dubai real estate market is improving, buyers are out and about shopping for the best property deals.” Farooq Syed, CEO of Springfield Real Estate, said.
Syed oversees one of the top real estate agencies, Springfield Real Estate, in the United Arab Emirates with a team of over 50 brokers. Since 2008, Springfield Real Estate has worked with investment firms and high net worth individual seeking luxury residential properties.
The agency also manages sales of entire projects by private developers and manages the entire sales process. Springfield Real Estate has an extensive online presence and its technology-based marketing systems allow it to stand out from the competition.
“Most people who were contemplating their property purchase decisions and holding back previously are now interested to conclude deals,” Syed explained. “Since no one can predict the lowest point in the real estate cycle, I believe now is probably the best time to invest as we are entering a six-year price decline. Now, is as good a time as any to pick up the best deals in the best locations in Dubai.”
For more information on Springfield Real Estate and explore its luxury residential properties, please visit https://springfield-re.com/.