New Projects in Dubai Starting in March: New Predictions and Prospects

9:04 pm  |  14.03.2024

Projections indicate that the real estate market in Dubai will persist in its development and consolidation in 2024. In recent years, the emirate has made significant investments in infrastructure enhancement and the diversification of its economy, rendering it an attractive hub for business and tourism. Consequently, demand for real estate in Dubai remains buoyant, particularly for commercial and residential properties in prime areas.

NSHAMA Elaya: Premium Living Experience

The NSHAMA Elaya project promises superior amenities, the highest level of comfort, and unique experiences. Situated in the rapidly evolving residential complex Town Square Dubai, it stands out as one of the finest family-oriented destinations gaining remarkable popularity lately. The area boasts numerous schools and kindergartens, including the renowned Jebel Ali School and Cherry Tree Nursery.

The apartments within this project impress with their classic layout and exquisite finishing touches. Each unit is meticulously designed to offer convenience, featuring porcelain floors, built-in closets, and fully equipped kitchens. Additionally, every apartment comes with a separate laundry room and storage area, while the three-bedroom apartments include a dedicated maid’s room.

Mira Villas by Bentley Home: Luxurious Living in Meydan

Mira Villas, crafted by Bentley Home, represent a luxury project in Dubai’s prestigious Meydan area. Combining Bentley Home’s design prowess with Mira Developments’ construction excellence, this project offers a truly opulent lifestyle.

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The villas in this project span 600 square meters, with VIP villas sprawling over 1200 square meters. Each villa boasts stylish finishes and furnishings from Bentley Home. Residents also enjoy access to a lounge area with 5-star service and F&B amenities, along with a business center featuring 24-hour communication facilities and private conference rooms.

Emaar Vida Residences: Elite Living at Dubai Hills Estate

Main Advantages:

Emaar Vida Residences presents elite living spaces with premium apartments and townhouses, ranging from one to three bedrooms.

Strategically positioned within Dubai Hills Estate, residents benefit from easy access to the emirate’s key areas and attractions.

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The 23-story towers feature modern designs and offer breathtaking views of Dubai Hills Park.

Each residence is carefully designed with an open floor plan and carefully selected natural materials.

Modern indoor and outdoor gyms, swimming pools, playgrounds, and public spaces with barbecue areas are designed for residents of all ages.

Strong Growth Continues in Dubai’s Rental Property Market

The rental property market in Dubai continues to exhibit robust growth. According to experts, average rents for apartments and villas in Dubai reached their highest level since February 2017 in the third quarter of last year.

In response to this trend, tenants are increasingly opting to extend their leases for several years in advance. They are aware of the anticipated increase in rental rates in the near future and seek to secure stable conditions for themselves.

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Conversely, landlords, guided by analytical forecasts, are prepared to entertain more favorable offers from tenants to sustain high demand.

Analysis suggests that rental rates in Dubai will continue to climb this year, albeit at a more moderate pace compared to previous years, owing to a steady influx of new tenants.

Market Development in 2024 and Promising Locations

Expectations persist that the government will bolster the real estate sector by implementing incentive measures and fostering an improved investment climate.

Promising investment locales include established investor favorites like Downtown Dubai, Dubai Marina, and Business Bay. Additionally, attention should be directed towards emerging areas such as Dubai South, where active infrastructure development and residential complex construction make them appealing prospects for real estate investment.

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