DUBAI, UAE - March 16, 2022 - PRLog -- The real estate industry has experienced significant growth in Dubai last year. Now, it is one of the most interesting investment options, which attracts a lot of people not only in the United Arabian Emirates but all over the world.

Dubai's leading positions as a massive business hub generate a lot of potential for real estate. In combination with rising of digitalization, more and more interesting trends appear and change the context of the property industry.

Altamira, having experience working with real estate companies in Dubai, has collected the main trends you should know to understand the current state of the market and its perspectives.

The rental property niche is growing

In the last quarter of 2021, Dubai noticed a spike in a rental niche, with both short- and long-term rental being in high demand. Such growth may be explained partially due to Expo 2020 that took place in the city and attracted a lot of people from all over the world.

At the same time, the demand for rental offers is also affected by a big number of international specialists who choose Dubai as a location for workstations, starting their businesses.

Rise of software for real estate industry

Thanks to the global trend for digitalization, more and more digital solutions enter the real estate market. A lot of startups work in the niche of real estate software development to create SaaS systems for property management and process automation, mobile applications for tenants and landlords, appraisal software for real estate agencies and so on.

Dozens of processes that previously were conducted offline are now transferred to online. As a result, they take less time to be done, and hence, improve the quality of service of real estate agencies and property managers.

Environmental responsibility

Environmental issues are one of the main challenges our modern world is facing, and Dubai and UAE take appropriate measures to reduce the negative impact on the climate while building new premises and houses.

UAE has already implemented several legislations to support sustainable practices in real estate development and plan to achieve net-zero by 2050.

In Conclusion

Real estate is steadily growing in Dubai, and experts predict that this trend will only amplify in every aspect possible. In combination with active support from the local government, positive business climate, and constant flow of expatriates, Dubai's real estate is an industry that will show great results in coming years.

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