Real Estate: All the Stats, Facts, and Data You'll Ever Need to Know

 A person needs to know all the stats, facts, and information about the real estate business while he is stepping into this business. Whether you are a buyer of a property, seller, or real estate agent, the knowledge about the latest market trends and real estate statistics makes your position among competitors. 

Understanding the real estate market and industry is essential to predicting the right property to invest in. Moreover, these statistics, facts, and figures help a person in making better property decisions. This business seems boring, but there are some highly interesting facts about it. 

In this article, we have collected complete statistical data, interesting facts, and information about the real estate business for the current market. 

Real Estate Stats and Facts 2022

As we all know that real estate is one of the largest industries in the world with a higher amount of investments. So, let's discuss some interesting facts and statistical data that a common person is not aware of in the following:

Growing Population Leads to Growth in Real Estate Business

It's an interesting real estate fact to know that the real estate business gains momentum in areas with a rising population. The reason is that more and more growth in population leads to higher demand for property selling and buying. Talking about the real estate business in Dubai, it has gained strength in the market due to the consistent population growth.

Higher Investments in Secure Environment

Another main fact to consider while stepping into a real estate market is that people tend to invest more in areas they feel safe and secure. It's human psychology that a safe environment grabs the attention of more people, even it has less number of facilities. People living in Dubai share their amazing experiences in real estate because of the sense of security and belonging they feel. 

Dubai- A Hotbed for Investment Market

Among all the countries in the world, Dubai has ranked as one of the highest in demand in the investment market. People from all over the world prefer investing in the best real estate company in Dubai because of the amenities and amazing facilities. Moreover, there's no property tax in Dubai which compels people from investing in this area. 

Eligibility for Dubai Residential Visa 

In addition to the other interesting facts, you'll be surprised to know that the expatriates can get Dubai residential visas after owning the property there. Moreover, the real estate agents also get to become eligible for a Dubai visa after the training session and RERA exam. Owning a residential visa in Dubai opens doors to a large number of opportunities as well. 

Dubai Real Estate: Cost Effectiveness 

One of the major parts of the real estate market is cost-effectiveness which plays an essential role in grabbing the investors, sellers, and buyers. It should be noted that there is a high acquisition cost rate for property in all parts of the world. But Dubai real estate statistics show that it offers property at a low acquisition cost. Differing from the acquisition cost in London which is about $3208, the acquisition cost in Dubai is just $468. 

Real Estate Agents Use Social Media for Their Work

As we all know that the use of social media is rising day by day in every field of life. So, the real estate agents mostly make their network from social media. Moreover, they create a compelling social media profile including all their tours photographs, investment properties, and the latest trends in the investment market. 

Dubai Rental Rate is Higher than Other Countries

Out of other real estate facts, it’s surprising to know that stepping into Dubai real estate market is highly profitable for buyers, sellers, and real estate agents as well. The rental returns play an essential role in the business or property, investment, and real estate. In addition, people love investing in Dubai because some areas of Dubai offer up to 10% return.

No Taxation in Dubai Real Estate

Another interesting real estate fact to know is that Dubai offers total tax exemption in the real estate business. People prefer buying properties in this area because they don't have to pay any kind of tax on their property. So, we can call it one of the most favorable places for investing in terms of taxation. 

Conclusion

Shortly, we can say that people should be aware of these amazing statistics and interesting real estate facts before investing in the real estate business. There are many interesting things about real estate in Dubai which compels people to invest here. Moreover, the safe environment, tax exemption, and high rental costs grab the attention of people from all over the world to invest here. 

People from all over the world invest millions and billions of dollars in the real estate market. So, a complete understanding of investment properties, the area, and the policies of the area can cause a higher profit rate.