Dubai Real Estate Defies Regional Uncertainty, Attracts Investors
DUBAI, United Arab Emirates (AP) — While broader economic sectors in the UAE feel the ripple effects of ongoing Middle East conflict, Dubai’s real estate market is demonstrating unexpected resilience, fueled by attractive deals and a sense of long-term opportunity, according to industry experts.
Despite regional instability, property transactions continue daily, according to Priyank Shah, CEO of Buildcaps Real Estate LLC. “People see this as an opportunity. They know this situation is temporary,” Shah told NDTV in a recent interview.
The current climate has prompted developers to offer incentives, including discounts, waivers from the Dubai Land Department (DLD), and more flexible payment plans, coinciding with the observances of Ramadan and Eid. Investors are now able to secure properties with down payments as low as 20-30% during construction, with the remainder due upon completion.
“Investors are getting better deals,” Shah explained. “Even small investors are benefiting, with options like low monthly payment plans spread over several years.”
However, the positive outlook for real estate contrasts with challenges faced by other sectors. Shah acknowledged a slowdown in hospitality and exports, including the traditionally robust gold and diamond trade.
Recent safety alerts, including missile warnings, are a new experience for Dubai residents, but Shah believes they contribute to a sense of security and awareness.
Shah remains optimistic about the future, drawing parallels to past crises successfully navigated by the UAE. “Markets go down during uncertainty and recover once stability returns,” he said. “In fact, this can be a good time to invest in strong stocks. Do not panic and sell your property at a lower price. Real estate is a long-term investment. Have patience.”
He urged investors to capitalize on the current market conditions. “Right now, developers are giving deals you may not see for the next few years. This is the time many investors were waiting for. This will not last long. UAE has handled crises before and will recover strongly.”
Shah’s advice is clear: avoid rash decisions driven by fear. “Real estate is long-term. Don’t sell in fear. If you have liquidity, this is a good time to invest.”