Why it is worth buying a property in Dubai: the emirate’s master plan opens up broad prospects
The Dubai real estate market broke all sales records in 2021 and is popular with investors in 2022. Properties for sale in Downtown Dubai, Dubai Marina, Palm Jumeirah, and other famous resort destinations and metropolitan areas is in high demand. The master plan for the city development for the next 20 years focused on expanding Dubai and choosing a profitable property.
What attracts investors in Arab real estate
The reasons for investment are:
- Steadily growing demand. 2021 showed that the market has revived. Flats and apartments in the new building are sold at the beginning of sales.
- High profitability. Apartments in Dubai as an investment can bring up to 10% profit annually.
- Capitalization of value. This can be seen when sales begin. In this case, the apartment or house may rise in price by 15-30% when the property is put into operation.
For those who choose housing for permanent residence, apartments in the UAE are attractive at an affordable price and high quality.
Future prospects for apartment owners in Dubai
The authorities plan to:
- achieve an increase in the number of green areas;
- expand the development regions;
- four times increase the area of public beaches;
- expand the commercial zones;
- develop transport infrastructure in such a way that residents have easy access to metro stations.
The focus is on the development of medicine and education to increase the number of residents to almost 6 million people. This will generate demand for housing.
New areas for buying foreign real estate in the UAE
- Downtown Dubai. The district is a leader in sales due to its convenient location near the sights of the country.
- Dubai Marina. With Palm Jumeirah, these two communities are the main resort destinations in the UAE.
- Deira. It is considered the historical center of Dubai, with old housing. The master plan provides for modern development.
- Dubai Silicone Oasis. It is a center of science and business, attracting people interested in commercial properties.
What potential investors need to pay attention to
Experts recommend that you first decide on the purpose of the purchase and then choose the area. If this is an investment, you can get the highest return in coastal zones. This is not only Dubai Marina and Palm Jumeirah with luxury real estate but also Business Bay. Creek Harbor is also an interesting district. It will continue Downtown Dubai but will be built from scratch. You should also pay attention to developers. Nakheel and Emaar are leaders in the construction sector. For more information about the latest real estate advertisements in Dubai from developers and local real estate agencies, please, visit the official website https://emirates.estate/.
