EMPOWERING WOMEN: A GROWING NUMBER OF WOMEN ARE MAKING PURCHASES IN UAE

This article will take a look at the growing number of women making purchases in the UAE, the age groups involved, off-plan versus ready property, the supply and demand of property in Dubai, the benefits of investing in luxury properties, how women can use social media to stay informed, the types of financial options for women making purchases, strategies to help women make smart investments, and empowering women with financial education.

Introduction to the Growing Number of Women Making Purchases in the UAE

Women are increasingly becoming more engaged in the real estate market in the United Arab Emirates (UAE). Over the last few years, there has been a steady rise in the number of women making property purchases in the UAE, with over 30% of transactions coming from women. Buyers of all ages are showing interest in off-plan apartments, with the strongest interest coming from those aged between 31 and 50. This is a significant shift in the country, as traditionally it was men who dominated the real estate transactions.

The growing presence of women in this market is a positive shift for the UAE as it shows that women are becoming more empowered and financially independent. This trend is being driven by a number of factors, such as an increase in the number of women entering the workforce, an increase in women-led businesses, and the fact that women are increasingly taking control of their finances and making their own decisions when it comes to investing in property.

Overview of Age Groups of Women Making Purchases

Women of all ages are showing an interest in making property purchases in the UAE, but the strongest interest is coming from those aged between 31 and 50. This age group makes up the majority of buyers in the market, accounting for over 40% of transactions.

There are a number of reasons why this age group is the most active in the market. Firstly, women in this age group are more likely to be in a stable financial position and have greater access to finances. They are also more likely to have the necessary experience and knowledge to make smart investments.

The second reason is that this age group is more likely to have a long-term investment or retirement plan in mind. They are looking to invest in properties that will appreciate in value over time, so they can make the most out of their investment.

Finally, this age group is more likely to be looking for a new home for their family, or an investment property that they can rent out and make a return on. There is also a growing trend for women to purchase properties for their children or grandchildren as an investment for their future.

Off-Plan vs. Ready Property

When it comes to making property purchases in the UAE, there are two types of properties available: off-plan and ready properties. Off-plan properties are those that are yet to be built and are usually sold before they are completed. Ready properties are those that have already been built and are ready for occupancy.

Off-plan properties are often seen as a better option for those looking to invest in the long-term, as they typically have a lower purchase price and can offer higher returns in the long-term. However, there are also risks associated with off-plan properties, such as the potential for delays in construction or problems with development.

Ready properties are a safer option as they are already built and can be seen in person before making a purchase. They also offer more security as they are usually sold on a freehold basis, meaning the buyer has full ownership of the property.

Supply and Demand of Property in Dubai

On the surface, with nearly 81,000 units due by the end of 2025, the city appears well supplied. However, once that figure is broken down, we see that just 8 new villas are due in Dubai’s Prime residential areas between 2023 and 2025. This clearly indicates an undersupply in the Prime residential market and a potential for higher returns on investment in the future.

The luxury property market is also seeing a significant undersupply, with just 4 new luxury homes due for completion in the same time period. This is likely to be driven by the high cost of luxury properties, as well as the fact that many luxury buyers are looking for unique, bespoke properties that are not readily available in the market.

The undersupply in the Dubai real estate market is likely to be a major factor in the growing number of women making property purchases in the UAE. With a limited supply of properties and a growing demand, buyers are looking to invest in properties that are likely to appreciate in value over time.

Benefits of Investing in Luxury Properties

Luxury properties in the UAE offer a number of benefits to investors. Firstly, they offer a high return on investment, as they are typically sold at a premium price and are likely to appreciate in value over time.

Secondly, luxury properties offer a host of amenities and features that make them attractive to buyers. These include private pools, state-of-the-art security systems, high-end finishes, and exclusive access to a range of lifestyle amenities such as golf courses, marinas, and beach clubs.

Thirdly, luxury properties in the UAE offer a level of prestige that is hard to find in other markets. Buyers of luxury properties in the UAE are part of an exclusive group of investors and homeowners, and they can enjoy a lifestyle that is beyond compare.

Finally, luxury properties in the UAE offer a great opportunity for women to invest in a secure and profitable asset. With the limited supply of luxury properties in the UAE, there is a strong potential for capital growth and an excellent chance of making a return on investment.

A growing number of women are making purchases, with over 30% of transactions coming from women.

Gender

A growing number of women are making purchases, with over 30% of transactions coming from women.

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Types of Financial Options for Women Making Purchases

There are a number of financial options available to women making property purchases in the UAE. These include mortgages, personal loans, and investment loans.

Mortgages are the most common type of loan and are typically taken out to purchase a property. They offer a range of repayment options, allowing buyers to spread the cost of their purchase over a longer period of time.

Personal loans are another option for financing property purchases. They can be taken out for a variety of reasons, such as to cover the cost of renovations or to purchase furniture for a new home.

Finally, investment loans are another option for those looking to purchase a property for investment purposes. These loans offer a higher rate of interest, but can be a good option for those looking to make a return on their investment.

Strategies to Help Women Make Smart Investments

Making smart investments is essential for women looking to make property purchases in the UAE. Here are some strategies that can help women make the most of their investments:

• Research the market. It is important to research the real estate market before making a purchase. This will help women understand the current market trends, the types of properties available, and the potential for capital growth.

• Set a budget. Setting a budget is essential for ensuring that women don’t overspend on their property purchases. It is important to make sure that the purchase price fits within the budget and that the monthly mortgage payments are manageable.

• Seek advice. Women should seek advice from real estate professionals to ensure that their investments are sound. Experienced real estate agents can help women make informed decisions and find the best deals.

• Invest for the long-term. Women should always keep in mind that property investments are long-term investments. They should focus on properties that are likely to appreciate in value in the long-term, rather than short-term investments that may not yield significant returns.

Empowering Women with Financial Education

Empowering women with financial education is essential for them to make smart investments in the UAE. Women should be provided with the necessary information and resources to make informed decisions and understand the risks associated with property purchases.

Educational programs and seminars should be offered to help women develop their financial literacy and understand the basics of property investing. Women should also be encouraged to seek professional advice from experienced real estate agents and financial advisors.

Finally, it is important to provide women with access to financing options. Banks and other lenders should offer women attractive loan packages, with competitive interest rates and flexible repayment options. This will help to ensure that women are able to make their investments without having to worry about their finances.

Conclusion

The growing number of women making property purchases in the UAE is a positive shift for the country. Women are becoming more empowered and financially independent, and this is being driven by a number of factors.

The age group showing the strongest interest in making property purchases is those aged between 31 and 50, as this group is more likely to have a long-term investment or retirement plan in mind. Off-plan and ready properties are both available, and the undersupply in the Dubai real estate market is likely to be a major factor in the growing number of women making purchases.

Luxury properties offer a number of benefits to investors, including high returns on investment, a range of amenities and features, prestige, and a great opportunity for women to invest in a secure and profitable asset. Social media is an invaluable tool for staying informed and connecting with other investors and real estate professionals.

Off-Plan vs. Ready Property

Ready-made properties are selling slightly more than off-plan. This is partly because most commercial properties are being purchased ready-made.

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Finally, there are a number of financial options available to women making property purchases, and it is important to provide them with access to these options. Additionally, empowering women with financial education is essential for them to make smart investments.

A growing number of women are making purchases in UAE, with over 30% of transactions coming from women. Buyers of all ages are showing interest in off-plan apartments, with the strongest interest coming from those aged between 31 and 50. Off-Plan vs. Ready Property, On the surface, with nearly 81,000 units due by the end of 2025, the city appears well supplied. However, once that figure is broken down, we see that just 8 new villas are due in Dubai’s Prime residential areas between 2023 and 2025 , Luxury, invest in UAE real estate market has been steadily growing, and the increased presence of women in this market is a positive shift for the country. With the right financial tools and education, women can make smart investments and leverage their financial independence.

TagsIntroduction to the Growing Number of Women Making Purchases in the UAEOverview of Age Groups of Women Making PurchasesOff-Plan vs. Ready PropertyBenefits of Investing in Luxury Properties

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