Dubai has fundamentally transformed from a transient stopover city into a permanent home for expatriates. New data reveals a significant shift in demographic trends: the average tenure of residents in the emirate has now soared to over 10 years.
Policy Driven Change
Historically, Dubai was seen as a temporary hub for professionals seeking tax-free income. However, recent government initiatives have successfully encouraged long-term settlement. The introduction of the Golden Visa, Green Visa, and freelance permits has provided residents with the security needed to plan a future in the UAE.
Where the Market is Heading
Changes in property ownership laws allowing 100% foreign ownership have aligned Dubai with global standards. For the real estate market, this is a game-changer. The demand is shifting from short-term rentals to long-term ownership. As residents stay longer, they are more inclined to buy rather than rent, ensuring sustained growth for property investors in Houserfy’s network.
