In the second half of 2022, the Dubai real estate market introduced many new projects from some of the most prominent local developers. These developments provide high-quality architecture with various room sizes, layouts, and other features. Due to the convenient position in freehold areas near popular attractions, high-end restaurants, and hotels, the residential complexes will become a good destination for personal residence and as an investment asset.
The United Arab Emirates (UAE) is rapidly becoming the premier international financial centre and residential community. The United Arab Emirates ranked first on the InterNations ranking for several categories, including ease of bureaucracy, housing, professional prospects, language, digital life, healthcare, security, labour protection, job satisfaction, leisure possibilities, and earnings.
Foreign investors can take advantage of Dubai’s thriving real estate industry, which is expanding rapidly. The absence of personal income tax, a favorable tax environment, a return on investment of 6 percent to 9 percent per year, and the availability of investor visas valid for 3, 5, or 10 years with a minimum investment of just 750,000 UAE Dirhams (AED) are just some of the benefits (USD 205,000).
The administration of Dubai is working on new plans to get more foreign investors to set up shop there. The increased transparency of real estate transactions and the availability of cryptocurrency purchases expand investors’ options. Simplified visa requirements will allow more people to receive a Golden Residence Visa valid for 10 years. This is possible by lowering the minimum investment from AED 5,000,000 (USD 1,030,000) to AED 2,000,000 (USD 545,300).
The best projects to invest in Dubai are as follows
Binghatti Developers’ Binghatti Luna is a freehold community in the heart of Jumeirah Village Circle. There are 212 apartments for sale over the building’s 20 floors. 1 and 3-bedroom apartments ranging in size from 613 to 1,485 square feet are featured.
The Binghatti Crest development, by Binghatti Developers, is a state-of-the-art residential high-rise with a basement, four podiums, and nineteen stories of living space. Apartments with one, two, or three bedrooms are available, with floor plans ranging from 721.5 square feet to 1,249 square feet. All available apartments feature balconies, large windows, and sliding glass doors that let in natural light all day long.
The newest Ellington Properties development is the Oakley Square Residences. Studios and one- and two-bedroom apartments will be among the complex’s 269 total dwellings. The apartments’ floor plans range from 409 square feet to 1,518 square feet. The four-story building will include a variety of residential and commercial spaces, including flats with additional office space and individual balconies or terraces.
Two residential towers, measuring 51 and 57 stories tall, make up Sobha Realty’s Creek Vistas Heights project. The Sobha Hartland complex features two- and three-bedroom flats, two- and four-bedroom homes, and a half-bedroom office space. Units in this complex provide 613 and 1,884 square feet of living space. There is a swimming pool, parking, a playground, and a gym at Creek Vistas Heights.
Among the most sought-after addresses in Madinat Jumeirah Living (MJL) is the Meraas-built Lamaa complex. Four separate apartment towers will share a platform in the new development. All told, there are 372 units ranging in size from one to four bedrooms. A wide variety of floor plans are available, with sizes ranging from 721.72 to 3530 square feet.
There is a wide variety of properties available on the Dubai real estate market; investors should consider their investment goals (living in the property, renting it out, or reselling it) before making any purchases. St.Claire Real Estate is prepared to assist you in finding the ideal home or commercial property for your investment needs, negotiating with the seller, and handling all necessary paperwork and closing procedures.
To save you time and money, our expert real estate agents will do everything in a manner compliant with UAE legislation. Suppose you want to invest to receive passive income in the future. In that case, we can either manage the resale of your real estate at a profit by organizing an advertising campaign, or we can provide property management services that will allow you to receive a stable passive income no matter where you happen to be located.