Property investors from the UK, Italy, and France claimed prime spots in the top-10 list of foreign investors in Dubai as the emirate’s real estate sector witnessed the dominance of the secondary market in the first quarter.
Dubai’s Virtual Assets Regulatory Authority (VARA) announced its entry into the metaverse with the establishment of its metaverse headquarters in the dynamic virtual world of ‘The Sandbox’.
Dubai real estate retained its appeal as investors and residents continued to pour money into the emirate to buy a villa or apartment as reflected in the latest official data released on Tuesday.
Around 1,988 real estate transactions — with an accumulated worth of 7.8 billion dirhams ($2.12 billion) — have been conducted in Dubai in the week ending on April 15, 2022, WAM reported.
In a bid to widen the trade corridor and strengthen economic ties between the UAE and Turkey, and build new bilateral collaborations, a high-profile council will convene in Dubai next week.
Off-plan investment opportunities in Dubai are now attracting “generational interest” with rental returns recording the steepest increase since 2014, property pundits say.
