Dubai’s real estate market is rapidly developing and attracting foreign investors. In 2021, there were over 86,000 transactions in the emirate, which indicates the interest of buyers. This led to an increase in prices, which continues this year. Therefore, it is most profitable to invest in a property in Dubai. There are several exclusive offers in the central areas of the metropolis, such as The Crest in Mohammed Bin Rashid City, Asayel in Jumeirah, Six Senses The Palm in Palm Jumeirah.
Why investing in Dubai real estate is profitable?
This emirate is associated with luxury, as for several decades, it has achieved significant success in development and become one of the top ten cities in the world. Foreign nationals from all over the world come to the emirate, making up almost 90% of the total population. Therefore, real estate in the city is always in high demand.
Reasons to invest include:
• high quality of construction;
• affordable price;
• attractive profitability ratio when renting out housing.
Apartments can bring up to 7-8% profit per year, and the figures depend on the property features and its location. For villas for sale in Dubai, this indicator is lower and reaches 4.5-5%. Below are several popular complexes where you can buy housing as an investment.
Advantages of real estate in Dubai in The Crest
The complex of four buildings is located in MBR City. It has apartments from one to three bedrooms. The finish is made of modern materials. The infrastructure of the residential complex provides a swimming pool, a fitness center, and playgrounds for recreation and children’s games. There are outdoor barbecue terraces on the roofs. The cost of housing starts from $255,000. This is one of off-the-plan properties for sale in Dubai, which is scheduled to be commissioned in 2025.
Property for sale in Dubai in Asayel
The construction is underway in Madinat Jumeirah Living. This is one of off-plan projects in Dubai, which is being delivered in stages. Low-rise buildings with a lot of pedestrian zones provide comfortable accommodation. The houses have a unique design in the style of the old town. Inside, the apartments meet high comfort requirements, are rented ready to move in, and are equipped with built-in furniture. The windows offer magnificent views of the coast. Moreover, the pricing policy is focused on different budgets: the starting price for off-plan properties is $370,000. When this housing is put into operation, the price will increase to multiply funds by capitalizing on the cost.
Flats in Dubai in Six Senses The Palm
The complex is underway on the man-made Palm Jumeirah Island and occupies over 100,000 square meters. Not only high-end apartments are planned to be built on its territory but also the largest premium-class hotel. In total, the housing stock provides for 162 properties, from apartments to duplexes and penthouses. The cost of luxury apartments for sale in Dubai starts from $2.5 million.
You can get acquainted with the offers of real estate agencies in Dubai and get up-to-date information about the best housing units for investment on the official website https://www.axcapital.ae/.
