You may have already heard that you don’t have to pay income tax when you resell real estate. The yield on local real estate can reach 10% per year, while in London and New York, it does not exceed 4–5%.
We present to you the latest list of reliable developers in Dubai. These are leading companies in the market, whose projects have won awards and attracted the attention of leading investors.
The real estate market in the United Arab Emirates sets new records year after year, and in 2023, it grew by tens of percent. This growth is expected to continue next year as the Emirates confirms its reputation as a global business center. This factor, together with tax benefits and quality of life, attracts wealthy people from all over the world, increasing 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.
Dubai is considered one of the most vibrant and rapidly growing cities in the world, continuing to stun the world with its ambitious construction projects. The real estate market in the city provides a vast array of investment opportunities, particularly in the new construction sector, where the city aims to enhance its reputation as a global business and financial center.
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.
Omniyat’s portfolio includes various high-end properties. Some of these facilities have already been completed, while others are still under development.
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 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 2019, foreign citizens can fully own real estate in special freehold zones in the UAE, resulting in a growing number of home buyers.
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.
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.
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.
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.
Just outside of downtown Dubai is the gated community Arabian Ranches. A lot of locals live there in beautiful luxury villas or semi-detached houses. The complex is conveniently located on Sheikh Mohammed bin Zayed Road and can be reached quickly from Jumeirah Beach.
As you can tell from the name, the Town Center is in Jumeirah. This is a bit smaller with only 40 shops, but very nicely done. There are many cafes and restaurants in the Town Center Jumeirah. If you come by rental car, you can park it in the underground car park free of charge. The Town Center and the Mercato Mall belong together. The mall is also ideal for manicures and pedicures. There are also several perfume and cosmetics shops. There is also a barber shop.
The Jumeira Rotana is a city hotel in Dubai with a very good value for money. It’s an older hotel, but the rooms have been renovated. That means you can book an overnight stay there without hesitation. The hotel category is four stars and the United Arab Emirates in particular have a very high standard in hotels.
During a trip, you should definitely visit a souk in Dubai. Here you get 10 tips that you should know what you should pay attention to there.
Here are 12 tips to keep in mind when using a taxi in Dubai. This is still the best and cheapest means of transport in the city to use.
2021 will be leaving us soon. Should we remind you about the most interesting articles that have been published on our website? Here everyone will find something interesting about luxury and wonderful Dubai.
The emirate of Dubai is very rich and of course, the residents benefit from what you can imagine. Those who were born there can consider themselves lucky.
The emirate of Dubai is known that the expensive sports cars and limousines are displayed there. For tourists, this is of course a special attraction and highlight on vacation.
In principle, it is possible to explore some of the sights in Dubai on foot. We will present what these are here. But in any case, you should use different means of transport as the city is simply too big.
The BurJuman Mall in Dubai in the BurJuman Center of the same name is a luxury shopping mall with numerous luxury brands. Tourists will find there, among others, Chanel, Versace, Prada, Louis Vuitton, Dolce & Gabbana, and Dior. The mall is particularly known for its mix of luxury and high street fashion. The BurJuman Mall Dubai was opened in 1991.
Here we present the best downtown Dubai sights that you should see. The highlight is of course the Burj Khalifa and the Dubai Mall, which of course are among the city’s top attractions.
One of the largest and most popular hotel complexes in Dubai is the Madinat Jumeirah. This consists of several hotels and a beautiful souk. This was built in 2004 and has already been expanded several times.
Here you can find out what you have to do in Dubai on a trip. The city offers so many interesting attractions for visitors that it will certainly not be boring there.
The special thing about Dubai is that it is a very modern and clean city. Furthermore, there is practically a weather guarantee and the sun shines almost every day.
