FIFA World Cup Visitors are Now Buying Property in Dubai, UAE 2023; here’s why…
FIFA World Cup Fans Showing High Interest in Dubai Real Estate Projects
The FIFA World Cup is widely considered one of the most popular and widely-watched sporting events, with millions of fans eagerly anticipating the tournament, which takes place once every four years.
FIFA was held in Qatar, which benefited from an injection of $17 billion into their economy. However, due to limited accommodation options in Qatar, neighboring countries also enjoyed advantages from the event.
Dubai and the Rise in Its Real Estate Market
The FIFA World Cup, held in Qatar, had a favorable effect on real estate in Dubai in the United Arab Emirates, leading to a rise in Dubai property sales.
Based on projections, Dubai’s real estate market exceeded 300 billion AED in the economy in 2022. With the growing number of people investing in the market, this trend will continue, indicating that the market will keep expanding.
Why Dubai has Seen a Rise in Property Demand
The recent increase in property prices in Dubai, including the demand for off-plan real estate, has also caught the attention of investors interested in the upcoming FIFA World Cup in 2022.
- Long-term Return
Ahead of attending the World Cup, some individuals arrived fully equipped with knowledge about Dubai’s real estate market. These attendees were aware that investing in property in Dubai would yield long-term benefits. Therefore, they were well-prepared to make the right decisions. During the world cup season, they bought a luxury villa or apartment in Dubai, and once the tournament was over, they put up the property for rent.
The key reason for a surge in luxury properties is because of High Net-Worth Individuals (HNWIs). As the biggest sporting event, with fans from every background, Dubai has welcomed many HNWIs. These individuals have millions worth of assets, automatically meaning their first choice is luxury apartments in Dubai. HNWIs will live in Dubai until the world cup.
- Capital Rise
The demand for luxury properties in Dubai has been increasing, even prior to the upcoming FIFA World Cup. This trend has resulted in a further increase in property values during the tournament. As a result, investors who choose to buy properties in Dubai now may likely experience a rise in their property value in the future due to the growing demand and interest in the city’s real estate market.
- In Budget Payment-plans
Investors are being presented with an irresistible offer by brokers showcasing off-plan properties in Dubai with enticing payment plans. These properties range from apartments to villas and townhouses, providing a range of options for investors who may have limited funds but are interested in purchasing a property in Dubai.
London Realtors Estate
Dubai’s real estate industry has been a hot topic. Not only have there been national investments, but there has been significant foreign investment; investors from around the world are pouring their money into the market. If you have stayed in Dubai for the world cup and are considering purchasing a property in the city, it would be beneficial to seek the guidance of an experienced real estate agency.
London Realtors Estate is available to provide this guidance and support, ensuring that you are well informed and knowledgeable about the process of investing in Dubai’s real estate market. The agency has established a reputation for quality service over the years and has extended its operations from London to Dubai. It has garnered a positive standing in the real estate market and among its clientele.
London Realtors Estate house the best agents who will give you advice, conduct thorough research of the market and present to you, inform you about real estate market taxes, negotiate prices, and complete all necessary legal paperwork. To put it briefly, the property management company will give you a Dubai property guide that covers all you need to know before investing your money.
Final Words
It is clear from the data and analysis that Dubai real estate is in high demand among FIFA World Cup spectators. The likelihood that FIFA World Cup visitors will purchase real estate in Dubai in 2023 is increased by the presence of wealthy and interested tourists, focused marketing initiatives, and possible economic rewards. Seek guidance from London Realtor Estate, who help you at every step towards investments.
