The real estate market in the United Arab Emirates is constantly expanding. There are numerous factors that are contributing to the growth of the real estate sector in the UAE. From the increasing interest in the country as a tourist destination to the increasing demand for residential homes, there are plenty of reasons to consider investing in the country’s real estate market.
Al Mamsha
Al Mamsha is a mixed-use development located in the heart of the new Sharjah. This three-million square foot development is designed to offer an integrated lifestyle that combines the best of modern living and leisure.
The community is designed for residents who want to live a life in the city without sacrificing their privacy. It’s a car-free, pedestrian-friendly community that’s located right in the heart of new Sharjah.
Apartments in Al Mamsha range from one-bedroom to three-bedroom units. These modern, luxurious apartments come with balconies and walk-in closets. The complex also features a gym, a gymnasium, a swimming pool, and a retail facility. In addition to these amenities, the apartment building also features a 24-hour security guard and a convenient underground parking.
The development is conveniently located near the Sharjah International Airport and the University City campus. It’s also within walking distance of many other areas of interest, including shopping and entertainment. With a diverse array of facilities, Al Mamsha’s location is ideal for families.
Abu Dhabi
The Abu Dhabi real estate market is a vibrant one. It attracts sellers and buyers from all over the world. It is considered a great location to invest and it offers a range of properties from townhouses, apartments and villas.
Property prices in Abu Dhabi are linked to supply, population and demand. A good understanding of the local real estate market will help you make the most of your investment.
As with any purchase, it is important to read all the fine print. Abu Dhabi has many regulations and laws that govern the real estate sector. They are meant to protect the rights of both buyers and developers, while promoting the economy and providing a safe environment.
In April, the Abu Dhabi government passed a new real estate law. This law changed the way the industry is regulated. While previous laws had some limitations, the law made it easier for foreigners to buy freehold land in investment zones.
Tilal City
Tilal City is a mixed-use community project located in Sharjah. It is a 25-million-square-foot city that comprises residential, retail and commercial development. In addition, it includes a 5-star Hilton hotel. This property is the first of its kind in the emirate.
Tilal City’s infrastructure is designed to meet global standards. The project will include a 132-kilowatt power station, rainwater drainage systems, sewerage systems and central gas pipelines. There will also be a community center and 24-hour security.
Residential facilities include villas and low-rise apartments. Retail opportunities are offered at the Tilal Mall. Other amenities include a 5-star Hilton hotel, parks, and corridors.
Tilal Properties is a leading UAE-based real estate company. It offers free real estate consulting services to investors and end-users. They expect the government’s new legislation and business momentum in the emirate to boost their demand.
Tilal City is a master-planned urban community located near Emirates Road in Sharjah. It is made up of eight zones. Each zone will have a different focus.
Future of the UAE real estate market
The United Arab Emirates (UAE) has been undergoing tremendous transformation for a decade. It has become a regional hub for business and a booming economy. As a result, the UAE real estate market has gained significant attention from international investors.
The UAE real estate market is on a strong growth path. Prices in Dubai are expected to continue to rise for the foreseeable future. However, experts warn that there are several risks.
Due to the three-year oil price slump, the real estate industry in the UAE was affected. This led to oversupply, which dragged down prices in the Downtown area. Fortunately, the oil price decline has now settled.
According to the latest Berkshire Hathaway HomeServices real estate report, the UAE real estate market is expected to enjoy a record year in 2022. The economic support measures introduced by the government have also helped to improve market sentiment. In fact, almost 80 percent of property professionals surveyed by the firm predict growth in the real estate market in 2019.
During the pandemic, the demand for real estate in the UAE dropped drastically. However, the country’s investment plan has improved and the government has made changes to the employment system.
