Since 2019, new trends in areas of long term investment in real estate have been noticed. These include:
1. Student Accommodation:
The emirate of Dubai hosts over 62 educational institutions that are internationally accredited from a variety of boards. The presence of these prestigious institutions attracts students from all around the globe. The increase in the number of students in Dubai has presented the opportunity to invest in real estate for student accommodation.
2. Staff Accommodation:
Dubai is a city with an expanding market, and hence, acts as a magnet for business professionals looking to grow their career prospects and play a part in the impressive economy of the country. A majority of these professionals move from different countries and require accommodation. Thus, staff accommodation refers to the housing that is offered to the employees of a firm. This kind of real estate investment opportunity involves leasing residential housing units for the staff of a company.
3. Senior Living
In recent years, Dubai has seen an increased number of residents looking to settle in the UAE. This observation is seen due to the attractive investment opportunities that lie in the emirate of Dubai. Residents who invest in property over 2 million dirhams or have savings of over 1 million dirhams are entitled to a 5-year renewable retirement visa.
The Dubai real estate market is a dynamic and active industry. As one of the leading forms of long term investment in the city, it plays an integral part in the economy of the emirate. The real estate industry adapts and changes with the latest events in the country but always bounces back to its prominent state in the market. This is because Dubai is one of the best cities on the globe; people from around the world strive to make it to Dubai and work hard to stay in it.
