The real estate market in this small emirate has become a focal point for global investors. According to the Dubai Land Department, there were over 61,000 transactions from January to June 2023, a significant 43% increase compared to the same period last year.
Dubai is famous for its investment appeal, but often the spotlight falls on the same well-known areas that everyone talks about and aspires to explore. However, within this dynamic and rapidly evolving city, there exist lesser-known gems, where the potential for comparable or even superior returns on investment is ripe.
The UAE has one of the most developed real estate markets in the world, offering a wide range of apartments, houses, villas, and penthouses. There has been a recent surge in demand for private houses, townhouses, and villas in Dubai that come with their own gardens and swimming pools. Over the past year, property sales have increased by 57%. The largest increase in prices occurred in the premium villa segment.
The real estate rental market in the UAE is breaking records year after year and has grown by tens of percent in 2023. The momentum will continue this year as the Emirates confirms its reputation as a global business hub. This factor, as well as tax preferences and quality of life, attract wealthy people around the world here, which increases the demand for real estate and rental rates.
Dubai is not the lifeless desert it was once thought to be! The Emirates have debunked the stereotype that their land is uninhabitable. They have built the world’s tallest building on shifting sands and created oases of greenery, defying nature. The desert has transformed into a Garden of Eden, and here are the five greenest and most environmentally friendly areas of Dubai, where living is comfortable even at +40 degrees.
The stability and profitability of real estate investments in Dubai largely depend on the choice of location. In this guide, we will compare several well-known areas and analyze where it is most profitable to purchase real estate.
Developer Hussein Sajwani has amassed immense wealth in the real estate sector, employing unique promotions and leveraging his friendship with Donald Trump.
The Edge residential complex under construction is two multi-story towers from the Select Group company, located on the banks of the Dubai Canal in the Business Bay area. They offer apartments with 1 or 2 bedrooms. The complex has all the conditions for a comfortable stay. Residents have access to a wide range of additional services. The territory is closed from unauthorized persons; the security service is responsible for security.
Dubai is a city that most people associate with luxurious living. Outstanding scenery and developed infrastructure have made Dubai a popular destination for families looking for a new home. The city is characterized by a wide selection of real estate, including villas, apartments, and townhouses. So families can find properties that suit their budget and lifestyle. Let’s look at Dubai’s main real estate options for different budgets and lifestyles with prices in dollars.
When going on vacation to the United Arab Emirates, in addition to sightseeing tours and beach holidays, you should also try Arabic cuisine. Discover the 12 most delicious dishes in Arabic cuisine in this article.
Dubai is expanding every year. There are regular new areas and residential complexes that attract tourists and expats with unique architecture, developed infrastructure, and comfortable conditions.
In 2022, Dubai’s real estate market experienced a boom in demand from foreign buyers. The investment increased by 80%. Wealthy investors are attracted by the most expensive and fashionable locations, where you can earn on a 30-40% rise in property prices or get a stable rental income in a few years.
Foreigners are massively buying up housing in the UAE to prepare the ground for relocation. At the same time, for those who only plan to move, it is not always clear in which area it is best to buy housing, how to find a specific object, and what to focus on in the choice.
Every year the UAE real estate market becomes more and more attractive for investors and agencies. According to DLD, in May 2022 a total of transactions worth 26.5 billion dirhams (about $70 billion) were concluded. The deals generated over AED240 billion, up 61% from 2021.
Jumeirah Village Circle (JVC) is a freehold community located in downtown Dubai. This prestigious district, which began to develop in 2005, is growing rapidly, offering excellent infrastructure and being a comfortable place to live for working people, families with children, and businessmen. Due to the large selection of luxury real estate JVC is extremely profitable for investors. The excellent accessibility of the area enables easy access to any other business or residential sector in the emirate.
The Emirate is taking major strategic steps to diversify its economy, aiming to increase the flow of people, companies, and investments.
DAMAC Lagoons is a new area of townhouses and villas. The construction began in late 2021. It occupies over 4 sq. km of the Dubai Golf City area, located south of Sheikh Zayed bin Hamdan Al Nahyan Road, next to the Remraam and Damac Hills communities. The general developer is the private company DAMAC Properties, which has already completed dozens of projects throughout Dubai.
What else could attract investors besides remote transactions, 0% installment for up to 7 years, and no taxes?
There are a lot of Dubai world records and the city is unique. There is the highest building in the world Burj Khalifa, or the greatest shopping mall around the world and that is the Dubai Mall.
A nice tour can be done with the Dubai Ferry where you can see a lot. In total there are two boats spread around the city that can be used by tourists. One ferry is stationed at Dubai Marina and the other at Dubai Creek.
Admittedly, Dubai is not necessarily the first choice for a very special marriage proposal and honeymoon afterward. Tropical travel destinations are more likely to score points. But on Valentine’s Day, the metropolis between desert and sea can certainly come up with romantic moments. Dubai Tourism has a few tips.
Meanwhile, you can fly to Dubai with Condor and this is certainly an alternative to Emirates or Lufthansa. The advantage is certainly that this is a direct flight and is thus quickly on site.
Jebel Ali is far from the center of Dubai. Known for the port, free trade zone and where there is also a nice hotel. This region of Dubai is currently still being heavily developed. A lot is being built. Al Maktoum International Airport is also nearby. This is to be expanded into the largest airport in the world.
A great view of the skyline of Dubai Marina and Bluewaters Island is from the Flying Cup. Especially for children, this is an interesting attraction where you will have a lot of fun.
Here we set city hotels in Dubai with beach access in front of which you can book a good price/performance ratio. That is one can save a lot of money there and can still use a nice beach.
Here we present the best Dubai sights for children. In the city, there are numerous amusement parks and water parks where you can stay throughout the day.
One of the best and most famous promenades in Dubai is The Beach. This is in a prime location on Jumeirah Beach, where there are also numerous beach hotels. As a visitor, you will find many shops and restaurants there. Also very ideal if you want to end the evening in Dubai. There you can eat outdoors and the tourists love it.
The Movenpick Hotel Jumeirah Beach is located in the best location in Dubai and is only a few meters from the beach. Furthermore, it offers a good price/performance ratio and is interesting for tourists who want luxury and do not want to spend too much money on it.
On the spectacular palm island of Dubai is the Fairmont The Palm with 381 rooms and suites. For a beach holiday with the family, this luxury hotel is a good choice. However, you must also know before booking it is still built there.
A Dubai cruise is becoming increasingly popular and the emirate has experienced a real boom in recent years with tourists and cruise ship guests calling at the port of Dubai.
