Explanation of Soaring Property Market Trends

  • primocapital
  • June 23 2023

Dubai real estate flourishes during World Cup in Qatar: Explanation of soaring property market trends

With the FIFA World Cup Qatar 2022 just making highlights, Dubai is set to be among the biggest beneficiaries, as it’s an obvious choice to reside for many World Cup spectators. Football fans will get the chance to experience the emirate's glitz and glamour in all its glory and then quickly hop over to Doha on match days thanks to the UAE's preparations ahead of the major sporting event, from fan zones to multiple-entry visas. In fact, Dubai is the ideal destination for fans who wish to enjoy all of the football action in Qatar and still spend an ample amount of time in one of the most cosmopolitan cities, so they'll undoubtedly be getting the best of both worlds. This blog will give a quick overview of Dubai’s booming market trends. 

Why do investors have an eye on Dubai's real-estate sector?

Dubai is a leading global destination for tourists, and the city's proximity to Qatar will make it the preferred destination for World Cup attendees before, during, and after the event.
One of the primary reasons why property investors are converting to Dubai is the expected influx of tourists. With over one million visitors expected to reach Qatar for FIFA, there will be a high demand for accommodation. This is where Dubai comes in – as it is just a short flight away from Qatar, making it the perfect place to stay for those who avoid crowds. In addition, with so many new hotels and apartments being built in preparation for the event, there will be no shortage of spots to stay in Dubai.

Long-term investment opportunity

Despite the Fifa World Cup only lasting for one month, additional investments into Dubai's real estate are nothing short of long-term investments because of the world cup. Moreover, the kind of people making these investments is likely to be High Net Worth Individuals (HNWI) due to the price points of attending the tournament. So, they see the profitability in investing for the long term in Dubai's real estate market. In addition, they see it as an ideal location to reside during the World Cup and will have no trouble renting out the properties they purchase, given the sheer demand for accommodation in Dubai. The benefit of investing in Dubai’s real estate market is clear enough due to the impressive infrastructure, extensive amenities, and overall appeal of luxury properties. Many tax benefits come with investing in Dubai. For instance, Dubai has no personal income or corporate tax. This makes it an attractive destination for those looking to invest their money. In addition, several free trade zones offer 100% foreign ownership, making it easier for international investors to get involved.

Short-term rentals on all-time high

Short-term rentals in Dubai have always been appealing, especially among ex-pats, because they provide greater freedom without being limited by long-term leasing commitments. However, in the months preceding the FIFA World Cup, Dubai observed a surge in short-term rental occupancy rates, demonstrating Dubai's tourism ripple effect. Dubai Marina and Downtown Dubai were the two most-inquired-about places, owing to their appeal among tourists and familiarity among repeat visitors. Marina also boasts World Cup fan zones where visitors can watch football games regularly, immersing themselves in the exciting atmosphere of the highly anticipated competition without having to go to Qatar.

Last thoughts

Now is the chance if you've been thinking about investing in real estate in Dubai. There has never been an excellent opportunity to invest because of the rush of tourists expected for the World Cup. With so many new projects springing up around the city, you're sure to discover the ideal spot to call home.

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