The best place to buy property in Dubai is decided by your desires, the size of your family, your financial concerns, and, if you are a financial sponsor, your financial goals. Fortunately, the city’s scope of moderate, advanced, and intriguingly planned private networks make it a refuge for property financial backers.
There is something for every property investor or home seeker in the emirate, from affordable 1-bedroom apartments to luxury villas and palatial townhouses for rent. Buyers should expect more investment opportunities with the villas for sale in Palm Jumeirah. With projects like this in the works, as well as a lucrative real estate market with competitive prices, the time has come for property investment in Dubai.
With this in mind, here are some additional benefits of purchasing property in Dubai:
AVAILABILITY OF PROPERTY IN LUXURY AREAS
According to Bayut’s year-end property market study for 2019, Dubai Marina remains the most common place to buy apartments in Dubai. According to the study, property prices in Dubai have fallen on average per square footage compared to 2018, resulting in increased transactions and maintaining the area’s popularity.
According to the aforementioned reports, Palm Jumeirah is the second most common place in Dubai to buy land. Those looking to invest in real estate, for example, may be interested in studios for sale in Palm Jumeirah, the starting price of which is currently estimated at AED 600,000. Those looking for larger properties will find 2-bed villas for sale in Palm Jumeirah to be excellent investment options, with starting prices starting at AED 4M.
AFFORDABLE LUXURY HOMES FOR SALE
According to the Knight Frank Wealth Report for 2019, luxury homes in Dubai are slightly less costly than those in Hong Kong, London, and New York. The existence of prime properties that meet or exceed the requirements found in these cities is reason enough for any buyer to invest in luxury properties in Dubai. The emirate’s luxury portfolio is unparalleled, with everything from fully-furnished apartments to luxurious villas and premium penthouses. Investors interested in villas, for example, should consider luxury-centric areas such as Jumeirah Village Circle (JVC) and Emirates Hills.
The creative ideas launched by the Dubai government indicate that investing in real estate in Dubai might be the best decision you ever make. Whether it’s constructing an artificial archipelago 2 kilometres north of its shoreline or the world’s tallest building, the emirate has shown that nothing is impossible.
New developments planned for consecutive years like luxury villas for sale in Dubai
would almost certainly add new road connections, shopping malls, and recreational centres, raising the value of properties purchased. Engineering developments, which will also see developers implementing advanced smart technology inside villas and apartment buildings, are other prominent additions that will add considerable value to purchased properties.
Dubai property visa
Property owners have also become eligible for long-term residency visas in the last year. Those with AED 5 million in property assets can now apply for a 5-year long-term visa, which provides greater security. Another advantage of investing in Dubai property is that property owners can sponsor their family members for this long-term visa.
Good Rental Yields
The high ROI offered to buyers and investors is one of the primary benefits of purchasing a property in Dubai. When it comes to apartment sales, most main neighbourhoods in the city offer ROIs of more than 6%, and villa communities usually offer rental returns of more than 4%. Some of the most common areas to buy property in Dubai, such as International City, have rental yields of more than 9%. This is an impressive factor for those looking to buy real estate in Dubai.