Dubai with a platform to increase their attempts to usher in the economy through aggressive governmental steps and digital innovations from the startups to multinational corporations.

1. Dubai Advances in the Capital Value
Growth Rankings
As per the saying, necessity is the mother of invention, and so it is with the
COVID-19 pandemic, which has provided Dubai with a platform to increase
their attempts to usher in the economy through aggressive governmental
steps and digital innovations from the startups to multinational corporations.
This has resulted in boosting demand for real estate in the emirate and driving
up capital prices for premium properties.
According to reports, Dubai ranks among the top 15 worldwide cities with
positive capital value growth for premium residential properties in the first half
of 2021. Dubai’s capital values grew by 4.2 percent as a result of the work-
from-home boom and the resulting increased demand for space.
Numerous properties in many cities were totally shut down during the
lockdown because of the pandemic, which increased the severity of the
sluggish growth. Over the last six months, not all cities did equally well. For
the first half of the year, over 70% of the locations showed positive capital
value increases, with Dubai leading large cities.
Demand has been spurred by people upgrading to larger houses with outdoor
facilities in the midst of an increase in remote working. Economic assistance
and government efforts, such as residency permits for retirees, remote
employees, the 10-year golden visa programmes along with relaxation of
international travel restrictions and increasing vaccination rates are projected
to improve investor confidence and demand. Adding to that, strong
transaction activity resulted from the availability of good quality stock, low loan
rates, and relatively inexpensive real estate prices, which drove capital values
higher across premium assets.

2. Despite the pandemic’s continuing uncertainty, in the second quarter of 2021,
Dubai’s premium residential market saw a 43.8 percent increase in sales
volume, while total property prices in Dubai climbed 15% in July alone.
The pandemic phase shows that even in the face of human suffering and
economic difficulties, human ingenuity mixed with innovation will never
disappear. The emirate of Dubai, with its sheer hard work demonstrating its
capabilities and skills, is certain that their goodies must have more
stupendous ideas which are getting ready to materialize.
Dubai Advances in the Capital Value
Growth Rankings
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