I, Cynthia, have been living in Dubai for two years now. Many of our clients as well as friends, acquaintances and relatives ask me again and again what I miss from Switzerland and how life is especially as a 'blonde' woman in an Arab country.

I am happy to share my impressions of my life as an expat in Dubai.... Have fun! 😉

Real Estate Market Dubai Q2 2022

Temperatures are rising, the sea is getting warm and there is no cooling in sight even in the evening - so here's to air conditioning!

Half a year has already passed and the real estate sector in Dubai continues to break records in terms of sales and transactions. With almost 43,000 sales transactions whose total value exceeded almost AED 115 billion, this is the strongest performance of the first half of the year since June 2009.

Becoming the world's most sustainable city - Dubai Clean Energy Strategy

The oil boom in the 1950s triggered rapid economic growth in Dubai. Towers were built, international companies came to Dubai and tourism increased steadily. But as the economy grew, so did its environmental footprint. In 2006, WWF found that theUAE was the country with the world's largest ecological footprint per capita. Dubai was the top performer among the seven emirates.Rapid growth and urbanization is a challenge in terms of sustainability. Two years later, the UAE launched the "Masdar" project, the Arabic word for "source," in partnership with WWF, marking its first effort to promote sustainability.

In 2017, the UAE launched the"UAE Energy Strategy 2050". The goal of this strategy is to increase the contribution of clean energy to total consumption from 25% to 50% by 2050, while reducing CO2 emissions from electricity generation by 70%. Furthermore, in 2015, Dubai unveiled the"Dubai Clean Energy Strategy". With this plan, Dubai aims to source 75% of its energy needs from clean energy sources by 2050, becoming the most sustainable city in the world.

Dubai passes the 3.5 million mark!

Since 1960, the population has grown from 40,000 to now over 3.5 million people. Between the end of 2020 and April 2022, the population has increased by nearly 100,000 people. By the year 2040 (click here for more on the 2040 Master Plan), the population target is about 6 million. Schools in particular are also noticing a significant increase in new enrollments, which is an indication that many are moving their center of life to Dubai.

Dubai real estate market Q1 2022

The exceptional transaction growth in the first quarter marks a new all-time high compared to previous years. According to CBRE, the total transaction volume from January to March 2022 was the highest ever in a first quarter.

Dubai and all its record buildings 🥇

The biggest hobby of Dubai? Collecting records and they are really good at it. 😉 Dubai already hasover 400 recordsto show for it, but Dubai's appetite is far from satisfied.

We have summarized some records for you.
We hope you enjoy reading and marveling!😎

Review of the year 2021

The Dubai real estate market reached new record highs during 2021. After a slump at the beginning of the Covid pandemic, the market experienced a steep upswing. Dubai recorded its highest transaction value in 12 years, with property sales worth over 151 billion dirhams (i.e., approximately $41 billion). The total number of property transactions was also the highest since 2013 at 61,241, according to Property Finder, with nearly 60% of all transactions taking place in the secondary market and 40% in the off-plan market.

Dubai has definitely confirmed itself as a "safe haven" for many during the ongoing Corona pandemic. Thanks to a solid and stable government, Dubai was and still is a haven of normalcy. The government's efficient response to the pandemic, the rapid resumption of international air traffic and the Expo 2020, which was postponed by one year, increased Dubai's already existing attractiveness as an investment location and as a primary as well as secondary residence.

The doors to Expo 2020 are open and more and more investors and tourists are coming to Dubai. This dynamic can also be felt in the real estate market. The last few months leading up to Expo 2020 have already seen exceptional growth in real estate transactions in terms of volume and value.

According to Dubai Land Department figures, property sales in July and August were the highest achieved in these months in the last 12 years. The market recovery continues and sales prices in the third quarter were up almost 10% year-on-year. Residential rental prices also increased by 6.9% year-on-year in the third quarter and net yields in Dubai averaged 6.1%.

On October 1, 2021, the long-awaited Expo 2020 will finally start in Dubai.

We have compiled 10 exciting facts about the Expo.

We hope you enjoy reading them!

The recovery of the real estate market in Dubai mentioned in the first quarterly real estate report is confirmed and becomes concrete.

Since November 2020, property prices have risen by an average of around 2.1 percent per month. Demand remains robust and the trend towards houses and villas is continuing. This segment has also seen the strongest price growth. This is also reflected in the mortgages concluded. Mortgages for villas and houses are increasing, while those for apartments are decreasing at the same time. In addition, completed real estate properties (secondary market) continue to be preferred and, at over 62 percent, account for the majority of all real estate transactions.

After the project was sold out for a long time, the next expansion step La Sirene will be announced in the next few days.

The Port de La Mer project is located on the coast of the Jumeirah 1 district between Downtown Dubai and the international airport.