The Knight Frank Global Cities 2018's report analyses the real estate trends affecting Dubai
A third of the world’s population is accessible within a four-hour flight of Dubai and two-thirds within eight hours, making the city a well-placed strategic hub for regional and global investors.
So significant is this investment that in 2016, 136 nationalities purchased property in Dubai, providing the city with a more diverse purchaser base than any other world city.
Regulations introduced since 2013, aimed at deterring speculation and reducing market volatility, have heightened Dubai’s profile as a favoured destination for both regional and international property investors.
The Emirate’s population has increased by 134% in the last decade, rising from 1.3 million to 2.4 million; this has supported the fundamental argument for property investment.
Add to this the government’s commitment to infrastructure investment (preparations for Expo 2020 include the expansion of the metro, airport and road network), improvements in market transparency and the increased availability of quality investment stock and Dubai is ensuring it can compete with the world’s top tier of global cities.
See also:
UAE, Bahrain and Oman rise to top 20 most popular countries for expats
Cityscape Global 2017 off-plan unit sales triple in one year
Dubai reveals top 10 nationalities that invested AED151 billion in real estate