Would you ever invest in Dubai?

[Afreen Khan]

Dubai Real Estate Market can now be defined by two things: dropping prices and an over supply of real estate. 

However, even in its 6th year of declining prices, sale transactions have been increasing.

Could it be fear buying, a post pandemic result? Or has real estate become for everyone?

The city has a range of products from affordable housing to designer properties by designers Elie Saab and Bvlgari and each and every unit with a premium finish. Investors can purchase freehold property which entitles the buyer to land ownership as well. Many investments now offer buyers attractive visa and business licenses which can be used to buyers benefit. 

But is this enough to invest in Dubai? I'd love to know your thoughts.

[Ujwal Velagapudi]

@Afreen Khan I'd also fear those items you've mentioned based on speaking with a few local business people from my last couple of visits there. It just doesn't seem like the economics make all that much sense with an oversupply, and it being amplified during a time like this. Curious as well to see what other investors in that market would say. But to answer your question, I would consider it down the line, maybe if they artificially restrict new permits to contain the supply in the long term. I'd also need other business interests there simultaneously, otherwise a one off investment just wouldn't make sense to me.