Most property owners in Dubai want to sell their apartments

Dubai is a city of contrasts and opportunities. Some people aspire to buy an apartment here to have their own corner in this crowded metropolis, while others are willing to part with their real estate assets for profit amid the sharp rise in housing prices. And as it turns out, most property owners are inclined towards the latter option.

According to a survey conducted in Dubai, 64% of property owners plan to sell their apartment or villa, and half of them are ready to do so this year. However, this does not mean that they intend to leave this beautiful city. On the contrary, 90% of respondents intend to buy another property in Dubai after selling their existing one, provided they can get a good profit during the first transaction.

It's no surprise that future owners of residential real estate in Dubai can potentially earn huge profits from such investments, given the projected population growth of the city from 3.5 million to 5.8 million people by 2040. This can be an attractive offer for those seeking high-yielding real estate investment opportunities.

The survey also showed that most property owners in Dubai are people who acquired their first or second property within the last five years, and 81% of them own one or two properties. Of the respondents, 65% stated that they currently live in the purchased property, indicating that many consider owning real estate in Dubai to be a key to stability and a comfortable life.

In general, the residential real estate market in Dubai continues to grow, attracting the attention of both local and foreign investors.

Keywords: Dubai real estate market Property owners Selling apartments Real estate prices Market trends Investor sentiment Economic factors COVID-19 pandemic Rental yields Mortgage rates Property regulations Property demand and supply Investment strategies Real estate agents