In the first quarter of 2022, there was an increase in the value of real estate in Dubai by 8% year on year. At the same time, according to experts, housing prices in the emirate will continue to grow in the second half of the year 2023. It is also noted that all houses for investment in Dubai Hills in 2022 are in great demand among local and foreign buyers. This is due to the growth of the emirate’s economy and good conditions for living and working in the city. There are some free economic zones in which good conditions for doing business have been created, which attracts entrepreneurs and investors to the emirate.
Houses in the middle-price category
For those who decide to move to Dubai for permanent residence, consider buying a villa or townhouse for permanent residence. Such formats of real estate are sold in many areas of the emirate. The location of the house directly affects its value.
Variants of villas and townhouses in the middle price category can be found in the following areas:
The houses in these communities are located in small gated communities with their community center, various sports fields, a swimming pool, and other amenities.
Luxury villas in Dubai
Dubai premium villas are located in prestigious coastal areas:
The World Islands;
Also, popular areas for buying luxury housing are the green community of Emirates Hills, Downtown Dubai, and the Business Bay business district.
Luxury villas are usually located in the city’s most prestigious communities and have a large area, including three or more floors, as well as designer finishes using premium quality materials.
Dubai real estate investment
Today, many are wondering where and how to buy real estate profitably. To do this, it is necessary to be well-versed in the real estate market’s peculiarities to assess the investment climate adequately. One of the most attractive places to buy real estate is in Arab countries with a comfortable environment, including the emirate of Dubai. Despite its small size, Dubai is the most significant financial and business center in the Middle East, one of the leading centers of world trade and tourism, and the third largest international re-export center after the famous Hong Kong and Singapore. If you are interested in a villa, Dubai will provide you with all the opportunities to buy property in Dubai. If you are interested in cozy and comfortable homes, the Emirates will also offer you an excellent opportunity to purchase property in Dubai. Investments in the development of this city are very profitable because, in terms of the pace of development, Dubai can even be compared with Shanghai. These two cities are now competitors and rivals regarding their investment attractiveness.
The sale of oil and the provision of tourism services are the main sources of budgeting in Dubai today. The emirate’s population currently exceeds one million, but analysts consider no more than twelve percent of the total population “indigenous.” As a rule, the rest of the residents are citizens of other states who have invested in Dubai real estate. And this is a great investment because even a glance at the city is enough to see how beautiful the local houses are, the Emirates in general.
Thus, the real estate market in the United Arab Emirates can become an additional and extremely promising source of replenishment and income.
Dubai for visitors
As a rule, Dubai attracts foreigners more often – it is not for nothing that expats make up about 85% of its people. Among the seven emirates that make up the country, it ranks first in population and second after Abu Dhabi in terms of area.
Today, Dubai shows in periods of collection and construction rates. According to data from the Dubai Land Department, construction volumes in the emirate are growing every year and have not even dropped much due to the pandemic. In the first quarter of 2022, the construction of 15,441 units was completed in Dubai. In 2020, 30,019 units were built, and in 2021, 29,180.
Also, the government of Dubai has ambitious plans for the development of the emirate: by 2040, the following is planned:
the population will double;
the area of land inhabited by hotels and the tourism sector will grow by 134%;
the place devoted to commercial activities will grow to 168 km²;
the size of the public beachfront will grow by 400%;
wildlife resources and green places will comprise at least 60% of the emirate’s area.
In Emirates, foreigners can receive a residence permit to buy property – in the UAE – a resident visa.
Dubai gives several kinds of residence permits for the buy of real estate. By investing $205,000, you can apply for a three-year residence permit, which can be extended unlimited times while the property is owned. A five-year residence permit is already required for a purchase of $545,000 or more, which is also called the Golden Visa.
Convenient selection of a house on the portal Emirates.Estate
To evaluate all the latest offers from creators and real estate agencies in Dubai, visit the website https://emirates.estate. Here is a large catalog of ads for selling villas and townhouses in various price categories and areas of the emirate. You can set the search for objects in a specific area or use the search on the map. Prices in euros, dollars, and dirhams will help you better navigate the market and choose the best option for buying.
Lokesh Naik is an avid blogger and internet freak who is behind this blog. A tech enthusiast and fan of smartphones who keeps track of every little happening in the smartphone world. When not writing, he loves watching cricket.