Dear Espace Clients,
We are delighted to report the strongest start to a year since we opened for business 11 years ago.
The market is extremely active with a significant increase to year on year Dubai Land Department sales transactions.
We have selected some well known communities for use as a bellwether of current market conditions. This data shows the two month year on year increase in the number of property transactions at the DLD.
We have many clients who are concerned about the potential of inflation as a result of unprecedented global monetary stimulus.
Many investors are keen to invest in real assets as a protection against this risk of inflation.
With global equity markets trading at stretched valuations and the bond market in a period of severe uncertainty, Dubai Real Estate is seen as a favourable asset class, with market value still considerably below the previous cycle highs of 2014. In my opinion, this market is now a very tangible value investment play with strong growth fundamentals.
Furthermore, the increase in market activity has created a positive shift in end user sentiment which has resulted in huge demand for the majority of well known freehold communities.
As always, not all parts of the market are equal and there are local sorties to understand in any due diligence process. Our team is on hand to offer advice for anyone buying, selling or renting.
As a truly customer-centric real estate agency, we offer a range of related services that are designed to make your property journey stress-free and successful from start to end.