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Nearly 120,000 transactions per year: this is the record figure immortalized by the Dubai Property Market study carried out by the real estate group Savills which captures the situation of the residential real estate market in Dubai. Last year, also thanks to the constant increase in the number of expatriates settling there for professional reasons, there was a growth in transactions of 29% compared to the previous year and of 69% compared to 2021, reaching the all-time high of 118,200 sales transactions. .

According to the report, 55% of sales were in real estate units still under construction, including in the areas of Jumeirah Village Circle, Dubai Sports City, Arabian Ranches, Dubai Hills Estate, Business Bay, Downtown Dubai, Palm Jumeirah and Dubai Marina. 78% of overall transactions concern apartments. An increase in supply does not correspond to a decrease in the price of bricks; on the contrary, there has been a 15% increase over the past two years.

This is the starting point of “Why Dubay”, three free events scheduled in Naples (March 20), Rome (March 25) and Milan (March 28) aimed at potential investors organized by Gabetti Middle Est, led by the general director Ross Bellantoni. by Sales Director Fabio Bardelli and Business Development Director Antonio Lanari, who opened their own office in the city in 2022, becoming the first Italian real estate brokerage group operating in the UAE.

The identity of the Italian buyer – He is between 30 and 50 years old, he is professional, he lives in Campania, Lazio, Lombardy or Veneto, he wishes to make an investment without risk for himself or his children. It is the identity of the Italian buyer who relies on Gabetti Middle East which, in synergy with Gabetti Property Solution and through the various real estate agencies in Italy, manages the sale of newly built apartments by different Emirati developers.

“The three days will be dedicated to those who, in addition to wanting to delve deeper into the subject of investment in Dubai, want to have a complete review of the obligations and procedures to make investments in complete safety – says Ross Bellantoni, Managing Director and Fabio Bardelli, Sales Manager of Gabetti Middle East – Our clients choose to buy apartments on paper, knowing that they can count on a solid investment also thanks to the guarantees of the United Arab Emirates government -. The market is constantly expanding. Last year

we have seen a 90% increase in new real estate projects. More and more often we open the sale of apartment buildings within futuristic urban projects and within a few days they are all purchased without the investor even setting foot in Dubai. This is a trend that we believe will continue to grow in the years to come. It is the city of the future in which to invest. »

After the Chinese, the Germans, the French and the English, the Italians are today in the Top Five of those who invest the most in Dubai. According to Gabetti Middle East, 40% of apartments sold are put back on the market within two years, achieving capital gains of up to 30%, while 60% are rented short or long term. A studio under construction of around 43 m2, purchased today for around 150 thousand euros for example, can be rented with an annual contract at 10%, or 15 thousand euros.

Gabetti Middle East, first Italian player in Dubai – The Middle East office, founded in 2022 and the only Italian representation in Dubai among large real estate groups, has already managed the sale of nearly 200 apartments, for a transaction value of around 40 million euros, including 28 in 2023. For 2024, the Emirati group plans to double its turnover, from 1 million six hundred thousand euros to more than 3 million. Gabetti Middle East not only acts as an intermediary in sales but also deals with the management of rented properties with the management of over 100 properties.

Gabetti Middle Est, through a partnership with various developers including Ellington Properties, Binghatti, Sobha, Damac, Aldar and Rak Properties, mainly offers newly built studios, two and three room apartments. Each property created by Emirati developers is built with the highest standards of comfort, elegance and sustainability, and includes numerous community services such as swimming pool, cinema, sports spaces, refreshment areas, children’s play areas, spaces barbecue. Each apartment is delivered fully furnished.

By wbu4c

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