How Novices Start Investing In Dubai’s Real Estate Market?
According to the latest data, Dubai's real estate transactions reached 20.4 billion dirhams in the second quarter of 2019, about RMB 32.88 billion yuan.

Dubai, a city of the rich, is full of mystery in the eyes of many investors. Is the house price of this City expensive? Is the investment cost-effective? "The rich among the rich". Where is the most expensive area in Dubai?

According to the latest data, Palm Jumeirah, Emirates Hills and Il Primo Downtown are the most expensive areas in Dubai in the second quarter of 2019.

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**Where is the most expensive area in Dubai?**

Four "sales champions" of luxury houses in the second quarter also come from these three regions:

A real estate in Jumeirah Palm Island sold for 204.50 million dirhams, about RMB 384 million yuan;

A real estate in Emirates Hills sold for 185.50 billion dirhams, about RMB 348 million yuan;

Two properties in Il Primo sold for 105.15 billion dirhams and RMB 197 million yuan respectively.

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In addition, apartments and villas with the highest house prices are mainly concentrated in the four areas:

The apartment project in Jumeirah Palm Island registered the highest price in the second quarter of 2019, reaching 74 million dirhams, or about RMB 138 million yuan.

Secondly, the villas in the United Arab Emirates were priced at 64 million dirhams, about RMB 120 million yuan.

The apartment project in Il Primo sold for a maximum of 63.412 million dirhams, about RMB 119 million yuan.

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**How is the overall housing price in Dubai?**

Data show that house prices in Dubai fell by 6.34% in the first half of 2019, including Palm Jumeirah (-19.5%), Dubai Pier (-20%) and Emirates Living (-16.7%).

But Al Barari and Downtown went against the trend, with house prices rising by 8% and 5%, respectively.

Experts said: "Although we expect that the real estate market will continue to decline moderately until the end of 2019, mainly due to the growth of supply and the decline of growth in major economic sectors, we still believe that the overall demand in Dubai's real estate market will maintain healthy growth. Overall, whether for renters or property investors, Dubai's housing prices are relatively low, which is a good time to enter the market.”

On the other hand, a series of government incentives will continue to stimulate Dubai's real estate market, such as the landing of the long-term visa policy and the friendly policy towards foreign investors. Many business investors are considering long-term expansion plans in Dubai.

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A few days ago, China's didichuxing (a car hailing company) announced to be stationed in the United Arab Emirates and signed a strategic cooperation agreement with the Symphony Investment Fund of the United Arab Emirates. Symphony will co-deploy the Internet business ecosystem in the Middle East and North Africa with Droplets to explore the sharing economy and the Internet consumer industry.

It is reported that Symphony Investment Fund was set up by a number of multinational enterprises in Northeast Africa, covering international finance, e-commerce, logistics, food and many other fields, including real estate, one of Dubai's important industries.

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**House price and rent declined moderately, but inquiry volume increased steadily.**

An overall analysis of Dubai's housing market in the second quarter of 2009 shows that there are 1,711 villas and 6,409 apartments in the whole housing market, with a total turnover of 20.4 billion dirhams.

Data analysis shows that Dubai's secondary market volume increased to 13.7 billion dirhams in the second quarter, an increase of 5.83%, and 12.9 billion dirhams in the first quarter.

Local real estate industry experts say that rents have also been reduced by about 7% compared with the beginning of 2019 due to the decline in housing prices. On the other hand, as the overall price becomes relatively cheap, its ability to attract foreign investors and local renters is also becoming stronger and stronger, and the overall sales volume has greatly improved.

This positive development has also brought an upward improvement in the quality of Dubai's housing, with high-end housing as the leading factor. With the increasing interest of investors in high-end housing, the rebound rate of house prices is expected to be faster than that of other parts of the house.

The Dubai Department of Taiping Davis, the well-known real estate platform, said that compared with other markets, Dubai's high-quality properties will have moderate price adjustment every six months. At present, compared with the same period last year, the value and rent of real estate have decreased by about 3.6% and 4.1%, respectively. However, the inquiry volume has not declined at all, but has increased, resulting in a significant increase in the volume of real estate transactions, which will be attributed to the active and powerful visa scheme of the Dubai government to attract immigrants.

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**In the medium and long term, Dubai's property market will remain strong.**

First Pacific Davis said: "Dubai's real estate market is still very strong in the medium and long term fundamentals. In the short term, we predict that Dubai's property prices will enter a stable period, but with the arrival of the World Expo 2020, the capital appreciation stage will return. "

In the long run, the Dubai market will continue to be stimulated and market sentiment will improve with the Dubai visa policy and the government's friendly measures for foreign investment. Another real estate platform, JLL, believes that the Dubai real estate market will achieve a "flying upstream" boom before the arrival of the World Expo in 2020.

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**For investors, what are the entry thresholds for Dubai real estate investment?**

For real estate investors, the reference value of Dubai's luxury house price is not very strong.

At this stage, Dubai's economic development and the basic aspects of the real estate market are good. The data show that, in fact, for investors, the threshold of Dubai's purchase is not unattainable.

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As the above data shows, the average price of real estate varies from region to region in Dubai. At present, the lowest unit price of real estate is in Dubai International City, with an average price of 537 dirhams per square foot and about RMB 108,000 yuan per square metre, while other popular investment areas, such as JVC, have an average price of 718 dirhams per square foot and about RMB 14,500 yuan per square metre.

Dubai, as a world financial center, is already very competitive. With the upcoming Dubai World Expo in 2020, it is a good time for real estate investors to invest.
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