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.
Earning income from rental properties has been quite popular in Dubai in recent decades. Renting in Dubai guarantees a return of 4 to 9 percent, according to analytical data in 2023. This area is developing rapidly every year. The advantage of investing in real estate is a high percentage of income, reduced risks, protection of capital from inflation, as well as favorable conditions for owners, and terms of concluding a contract. We will consider the key points that investors and tenants planning to invest their savings in UAE real estate should pay attention to.
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.
Real estate development in the UAE is one of the fastest-growing industries. Many foreign buyers invest their money in real estate as it can generate stable income.
The real estate market in Dubai has experienced a significant increase in 2021-2022, with prices rising over 30%. This trend is expected to continue as demand for local houses and apartments remains high. In the first quarter of 2023, there were over 30,000 real estate transactions, indicating a strong interest in the Dubai real estate market. This also allows us to make bold forecasts for further growth and expect new records this year.
The Dubai residential real estate market has set a sales record in 2022. Contrary to popular belief, not only because of the influx of Russian money. Investors from Western Europe and Asian countries showed high interest. And new promising projects are appearing in Dubai – in particular, the Damac Harbor Lights skyscraper.
The UAE residential real estate market continues to develop rapidly. Developers are launching new projects aimed at a premium audience. In partnership with Marriott International, MAG Group is constructing the Ritz-Carlton Residences. The opening event will be highly anticipated in Dubai.
Since opening to foreigners in 2019, Abu Dhabi’s real estate market has seen steady growth in sales of apartments and villas, with some projects experiencing price increases of up to 25%.
The awards for Al Habtoor Tower and Serenia Living have sparked a new construction boom in Dubai. Experts say this is the best scenario for the UAE economy.
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.
On October 14, everyone is invited to the Open House, where they will be able to view and buy luxury villas in the Garden Homes community on Palm Jumeirah.
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.
Long-term rent is usually chosen by couples of different ages. They most often prefer double apartments on the territory of the family community with a developed social infrastructure and places for entertainment.
A selection of the five most anticipated premium projects in Dubai and other emirates, key features, and benefits of the announced residential complexes.
An overview of Dubai’s most popular projects, launched in 2022, from trusted emirate developers. Description of residential complexes, their features, cost, and location.
Due to the favorable conditions, it is very tempting to invest in Dubai’s residential real estate market. Today we will tell you how to invest in UAE facilities and what to consider depending on the selected goals.
DAMAC Properties has been operating in the residential real estate market in Dubai since 2002 as a division of DAMAC Group, a multi-purpose enterprise founded in 1982.
Luxury is the most capacious definition that comes to mind when you need to describe Dubai in one word. Well, oriental luxury. Modern Dubai villas and palaces are built and maintained with the latest technology and only look like traditional fairy-tale houses from Aladdin’s Lamp or mansions from Victorian novels.
Many consider Dubai the city of the future, and upon visiting the biggest city in the UAE, it’s evident that this statement isn’t an exaggeration. You’ll find the tallest building globally, the Burj Khalifa, the most extensive shopping center, and stunning fountains.
Renting an elite villa in Dubai can cost $50,000 per day, while purchasing can cost more than $100 million. Let’s try to analyze the situation with prices in the UAE.
More and more people are drawn to the most populous of the seven United Arab Emirates. Over the past five years, more than 500,000 people have left their homes and moved to Dubai, leading to surpassing 3 million people for the first time in 2023. With over 90% of its population consisting of foreigners, Dubai is a meeting point for diverse cultures, making it easy to interact without fear of language barriers.
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.
Acquiring a pool of whatever size or shape, above-ground or in-ground, is just the first step. Installing the required pool machinery and stocking up on your swim pool supplies and necessary pool accessories is a…
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.
The Le Royal Meridien Beach Resort & Spa is one of the most beautiful beach hotels in Dubai. It is perfect for families with children who want to spend a beach holiday in Dubai. It is a five-star luxury hotel in the metropolis that is a bit older. But it has been renovated in the meantime and of course, shines again in new splendor. It can easily keep up with the other hotels.
A top hotel in Dubai is The Address Downtown Dubai with a very good location near the Burj Khalifa. The hotel is a skyscraper with 63 floors, 196 rooms, and suites with a great view of the tallest building in the world. When booking, you should make sure that you also have a view of the Burj Khalifa. Of course, if you get up in the morning and can look at the skyscraper, this is of course something very special. The Address Downtown Dubai is probably the best hotel with the best view of the Burj Khalifa.
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.
There is an Arabic proverb: “Who lives sees, but who travels sees more.” Travel is eye-opening. You taste new flavors, have new experiences, meet new people and perspectives, and make new memories that will stay with you for the rest of your life and make it more colorful. We think you should definitely put the United Arab Emirates on your bucket list of travel destinations, and Dubai in particular. Here are just 10 reasons why Dubai really is worth it.
The Lapita Hotel in Dubai is particularly suitable if you want to visit the amusement parks. It’s on the premises of Dubai Parks and Resorts so it’s very close by.