Dubai, Real Estate Eldorado: French Investors Drawn In Too

The declining French real estate market is prompting investors to explore opportunities abroad, with Dubai emerging as a preferred destination. Boasting a dynamic economy, a growing population, attractive tax benefits, and a real estate sector representing a third of the emirate's economy, Dubai is increasingly attracting foreign investors, including the French.

Parisian and Aix-en-Provence real estate investors testify to this paradigm shift. The real estate crisis in Paris and France has led them to establish themselves in Dubai, where they have created their own real estate investment structures. Their inaugural project involves the acquisition and resale of an apartment in Dubai's financial district, anticipating a significant capital gain.

Other investors, guided by local experts like Khadija El Otmani, have achieved substantial profits through strategic investments in new real estate projects. However, warning signs emerge as activity slows in certain Dubai neighborhoods, and the government restricts licenses granted to developers to absorb the rising prices and new housing projects.

Khadija El Otmani cautions against risks, emphasizing the need for rigorous selection of neighborhoods and real estate programs. She also warns against scams on social networks, where investors find themselves in difficulty after buying off-plan without a clear understanding of the situation.

Despite the impressive figures of Dubai's real estate market, with transactions reaching $24 billion in the first quarter of 2023, some experts predict a reduction in opportunities as the city assimilates rising prices and new projects. Investors are urged to remain vigilant to avoid disappointments in the coming years.

In terms of statistics, Dubai's real estate market experienced significant growth in 2022, with over 122,000 properties sold for €132 billion, a 76% increase in value. Prices rose by 11% in 2022, and although the growth is expected to slow in 2023 due to rising interest rates, the market remains dynamic with numerous ongoing projects and an expanding offering of new programs.

The newfound opportunities identified by French real estate investors present a timely diversification source to ensure medium-term capital gains and immediate profitability!