Dubai’s holiday homes sector is set for major growth despite global economic challenges in cities like New York, London, and Hong Kong.
Analysts expect property prices to rise steadily, driven by high demand for holiday homes. This positive outlook remains strong despite recent issues like heavy rainfall and flooding, which experts say will have little long-term impact.
Saeed Al Zubaidi, CEO of Like Home Holiday Homes, is confident in Dubai’s resilience and growth prospects. “Dubai has shown incredible capacity to recover and thrive, even in tough times,” says Al Zubaidi. “Demand for holiday homes is higher than ever, fueled by international investors and tourists seeking luxury and convenience.”
Key factors that support these statements are attractive real estate policies, including the recent Golden Visa reforms. These changes have made buying property easier and more appealing. “These initiatives have simplified the buying process and boosted the attractiveness of investing in Dubai’s holiday homes,” Al Zubaidi added.
The government’s strong support for the real estate sector, through favorable policies and a dynamic economy, creates an environment where the holiday home market can thrive. Al Zubaidi emphasized, “The future for holiday homes in Dubai looks exceptionally bright. With continued government support and a thriving economy, we are poised for unparalleled growth in this sector.”
As Dubai prepares for another year of strong growth, confidence among stakeholders is high. The city’s ability to overcome challenges and grow stronger underscores its resilient real estate market. Combining strategic location, favorable policies, and world-class amenities, Dubai stands out as a top destination for holiday home investments.
