UAE real estate sector undergoes transformation with cross-border payments revolution
Traditionally, the process of investing in UAE real estate from overseas has been encumbered by complexities and inefficiencies associated with cross-border transactions.
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Leading financial institutions are spearheading a transformative wave in the UAE real estate sector through the introduction of seamless cross-border payments. This strategic initiative is poised to enhance accessibility and efficiency for global investors seeking to engage in property investment within the UAE.
Traditionally, the process of investing in UAE real estate from overseas has been encumbered by complexities and inefficiencies associated with cross-border transactions. However, with the advent of cutting-edge cross-border payment solutions provided by prominent financial institutions, these barriers are rapidly diminishing.
By streamlining the payment process and mitigating hurdles related to currency conversion and international transfers, these innovative financial solutions are empowering investors with unprecedented ease and convenience. As a result, the UAE real estate market is witnessing a surge in global interest and participation.
“We are witnessing a significant shift in the landscape of UAE real estate investment, as the sector undergoes transformation with the Cross-Border Payments Revolution. This transformative trend reflects our commitment to facilitating seamless transactions, thereby reshaping the way investors engage with the market and opening up new opportunities for international stakeholders.” stated Soliman Hossameldin, Director of Digital Marketing at D&B Properties. ”
The impact of this cross-border payments revolution extends beyond mere transactional efficiency. It is fostering greater collaboration and connectivity between global investors and the UAE real estate market, catalyzing growth and development on both fronts.
This transformation underscores the UAE’s position as a leading global investment destination and underscores the country’s commitment to fostering a conducive environment for international investors.
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
Villa prices saw particularly strong growth, with capital values increasing by 33.4 percent year-on-year
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Dubai’s real estate market showed strong performance in the second quarter of 2024, with notable increases across the residential, office, and retail sectors, according to a new ValuStrat real estate report for Q2 2024.
Villa prices experienced particularly strong growth, with capital values rising by 33.4 percent year-on-year.
Haider Tuaima, Director and Head of Real Estate Research at ValuStrat said: “The Dubai real estate market has shown impressive growth and resilience in recent months. The ValuStrat Price Index for Residential Capital Values increased by 6.4 percent quarterly and 28.2 percent annually, reaching 178.2 points.
“Despite severe flooding caused by record rainfalls in April, the quick and effective response from developers and authorities helped to control the damage, ensuring that market activity and property valuations remained robust in the subsequent months.”
The office sector also performed well, with the VPI for office capital values surging by 31.7 percent annually and 9.4 percent quarterly, reaching 212.5 points—the highest quarterly increase in a decade.
In the retail sector, Emaar Properties reported 98 percent occupancy in their prime mall assets, while overall mall occupancy stood at 96 percent during the first quarter of 2024. The hospitality sector also saw growth, with total international guests reaching 8.12 million as of May 2024, a 9.9 percent increase compared to the same period last year. Hotel occupancy reached 81 percent, rising by 1.4 percent year-on-year.
Despite these positive indicators, Tuaima added, “The decline in transaction volumes calls for a closer examination of market dynamics as stakeholders navigate this evolving landscape.”
Chris Dixon, a partner who led the charge, says he has a ‘very long-term horizon’
Americans now think they need at least $1.25 million for retirement, a 20% increase from a year ago, according to a survey by Northwestern Mutual
