Global Mobility Trends: What Real Estate in Dubai Tells Us

Unsurprisingly keeping an eye on global mobility trends is a hot topic here at EER.  As well as staying up to date with movements and relocation demand, we are constantly assessing geopolitical changes and economic projections in order to stay on top of what shifts are occurring and how people and companies will be planning for their future growth.  Our particular expertise is in the Middle East region and recent events have certainly shaped how this part of the world is perceived on a global level.  The actions of the UAE government, not only in response to global events, but also in the development of the country as a whole, have significantly impacted the attraction it offers to individuals, investors and organisations.  One of the key ways in which we are able to measure this shift and how its trajectory will most likely look is by analysing the Dubai real estate market.   By assessing its recent growth and where it is headed, we can get a strong sense of what the city can expect in terms of global mobility demand and how we can help at EER.

Dubai Real Estate: Inside the Demand

As many of the top real estate companies in Dubai and the UAE will tell you, the market has gone from strength to strength in the last year, with little sign of any significant slow down on the horizon. As we have talked about before, one of the key reasons for this is the cementing of the UAE’s reputation as a stable, innovative and inclusive destination.  Thanks to the ambitious plans set forward by the government to encourage international investment, as well as their new legislative guidelines, more and more investors and companies are looking to Dubai as the right place for their business and their home.  Sarah Hewerdine, Heading of Marketing at the real estate portal Houza, spoke with ARN recently to underpin how important the recent changes have been for the real estate sector and that in addition to record off plan sales, there are even more major projects being announced by developers in light of the growing demand.  When we see an increased influx of major business leaders and UHNWI actually choosing to settle in Dubai, bringing their families and assets and taking the step to purchase real estate, it shows us just how lucrative the UAE is considered to be on the global stage.

Expats, Homes & Visas

The expat quality of life in the UAE has always been considered one of the highest in the world.  But the realities of being an expat in Dubai have changed even more recently, particularly when it comes to real estate.  Typically, expats have been predominately renters and tenants, opting for the more temporary version for what they envisage will be a “limited” stay in Dubai.  Nowadays we are seeing more and more expatriates getting onto the property ladder here, choosing to invest in purchasing real estate either as their primary home or as a financial investment.

Another reason why expat real estate sales are increasing in Dubai and the UAE is down to the more flexible visa and immigration options that are becoming available.  There are now record numbers of visa types on offer for individuals and organisations, each tailored to specific circumstances and many with highly appealing features.  Individuals who choose to invest in real estate can even obtain one of the coveted Golden Visas which is conveniently valid for ten years and allows holders to sponsor partners and children for the same amount of time.  These types of changes are seeing record numbers of expatriates switch from tenants to home owners.

Global Mobility and More: How EER Can Help  

Whether you are in-country or live outside of the UAE, EER is able to assist you with every aspect of your relocation, immigration and corporate services needs.  As well as advising on real estate transactions, our expert team can guide you on which visas would work best for you, your family and your company and ensure that you can experience a smooth immigration process from start to finish. Our world class corporate services team are also on hand for those who are looking to start a business in Dubai, whether from the ground up or a regional base.  They can handle the vast range of elements involved from visas to administrative requirements, compliance regulations to real estate venue options. If you would like to get in touch with us about your requirements, please call us today on +971 (0)4 421 1819 or email us on info@eerme.com to be connected with the right team.