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Real estate expert Alex Malorodov discusses the UAE real estate market outcomes for the year. In 2023, Dubai set records - real estate prices reached and even exceeded their 2014 peak.
What's in the video:
The average cost per square meter in Dubai,
The number of projects launched in 2023,
The volume of transactions involving mortgages,
The average rental yield in Dubai for 2023.
The video also covers significant events in the UAE in 2023. For instance, a property on the man-made Palm Jumeirah island in Dubai sold for $136 million. Additionally, Dubai hosted the COP28 climate summit, attended by representatives from nearly every country in the world, and Ras Al Khaimah announced the first casino in the Middle East.
Watch our video for all the major events of 2023.
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Video Content:
00:10 Points we are going to discuss in this video
00:34 How much have Dubai prices increased by?
01:08 What ROI is it possible to achieve in Dubai?
01:39 Why Ras Al Khaimah is becoming a dominant player in the real estate market
02:14 How much have Ras Al Khaimah prices increased by?
02:58 UAE as the host for major global events
03:34 UAE trend for cooperations with the global brands
04:37 Trend for partnership with brand designers
05:04 What has Alex noted for himself after moving to Dubai regarding the Dubai projects
05:51 What kind of investors does Dubai acctract in 2023?
06:27 Ras Al Khaimah as place for family travellers than for single ones. Why?
06:34 The geography of Dubai investors shifted in 2023
07:20 Opening of the Dorchester Hotel as well as Vela Viento project by Omniyat
08:17 The reasons why tourists are being drawn to the UAE
08:33 The Dubai Master Plan 2040
09:02 A tip for long-term investors
09:47 Key trends for Ras Al Khaimah real estate market
10:25 Key trends for Dubai real estate market
10:42 Why investor's decision timing is shorter in Dubai than in other geographies
11:45 The development perspectives for Abu Dhabi
12:32 Promissing UAE areas in terms of rential market
13:41 New Year wishes from Alex
#dubai #uaetrends #rasalkhaimah