Global real estate giants are increasingly targeting the UAE and GCC for expansion as they anticipate a new market boom. With the recent cycle of interest rate cuts expected to lower mortgage rates, experts predict a surge in property investments in the region. Dubai stands out as a key destination where property prices remain comparatively lower than in cities like London, New York and Singapore. Australia’s Versatile Group plans to invest around $2.7 billion in UAE projects, emphasizing the region's growth potential.

Industry leaders highlight Dubai’s strong rental demand and ongoing developments such as the expansion of Al Maktoum International Airport and new cultural landmarks which enhance its attractiveness for international investors. Despite rising costs, the demand for rental properties remains robust with rental rates projected to increase by 20% by the end of 2024.

Versatile Group is also exploring partnerships for regional investments and aims to enhance its presence in the Middle East. Their positive experiences in the region indicate a promising outlook for future collaborations.

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