If now in Dubai there has been a shortage of ultra-premium real estate during a short period of time, today developers are trying to make up for it by offering a lot of new properties. Are you also eyeing property in Dubai? Specialists from the Emirates.Estate will advise you in detail on the situation on the market and select the best properties for investment and personal residence, whether you prefer Rukan Lofts, or Golf Views Seven City in the UAE, or any other residential area.
New locations for investment property in Dubai
Developed transport links have always been one of the most important advantages when choosing an investment property. Dubai is no exception – the emirate, in which the transport network is developed almost at the maximum level.
The integration of new transport networks allows developers to open new locations to host their projects. And investors, in turn, can invest their money at an early stage of development, subsequently receiving even more profit. And today, investors have a unique opportunity to buy real estate in Dubai at an affordable price, which is located near the city.
Etihad Rail, the national railway network of the United Arab Emirates, announced the completion of the second phase of the network construction. To date, more than 75% of the work has been completed, and soon this stage will be fully completed. It is reported that the railway line will pass through many popular areas of the city, which are already in demand among investors and buyers:
- Damac Hills,
- Al Furjan,
- Arabian Ranches 2,
- Town Square,
- Arabella.
Such improvements in transport infrastructure will provide residents of remote areas with quick access to the central part of the city and other locations. And this, in turn, significantly increases the investment attractiveness of real estate and interest from potential tenants.
New project from Emaar Properties in Dubai
The other day Emaar Properties presented its new project, which, according to the developer, will be the final one in the Dubai Marina area. This project, called Marina Shores, according to analysts, is one of the most anticipated over the past few years. And the main reason for such an expectation is a unique location. The residential complex will be located on the first line by the sea, giving residents the opportunity to enjoy the surrounding panoramas.
Apartments located in a residential tower will be a real discovery if you are one of those who prefer modern design. The developer has done his best to design the residences, providing future residents with incredible interior design. And its main distinguishing feature can be called panoramic windows with incredible views.
It is reported that the residential complex will feature a variety of real estate options – from apartments to penthouses with 5 bedrooms, which are distinguished by the presence of their own terraces and pools.
Despite the most attractive location, the developer offers very interesting prices, which are complemented by a very convenient payment plan:
- buyers pay 80% during the construction phase,
- and the remaining 20% after its completion.
For example, a 1-bedroom apartment with a total area of 70 square meters can be bought for USD 410,000.
The complex will have world-class amenities: the best gourmet restaurants, concierge services, sports grounds, recreation and barbecue areas, 24-hour security, a fitness room, a SPA center, shops. And from the windows of all apartments there will be a view of the Palm Jumeirah, the sea and the endless horizon.
Growth in demand for ultra-premium real estate in Dubai
Many developers are starting to announce luxury off-plan projects worth over AED 300 million. According to company representatives, there is a very high level of demand for ultra-premium real estate today, and developers are trying to satisfy the requirements of discerning buyers.
The developer Alpago Group is starting its rapid entry into this segment, which is implementing several projects at a cost of over AED 120 million. Alpago Group CEO Syed Azim Mehroz says the super-luxury property category in Dubai is currently under-served.
In this segment, it is not so much the pricing factor that is important, but a special concept for construction, which provides for the highest possible quality and a wide range of world-class amenities. What is only worth one project “street of billionaires”, which Alpago Group is implementing on the artificial island of Palm Jumeirah.
It is noteworthy that other market participants are also confident that the ultra-premium real estate sector is waiting for positive trends. This is especially proven by reports from the DLD, which indicate numerous transactions for the sale of real estate worth more than USD 300 million.
Real estate in Dubai
If you want to buy property in Dubai, a team of experts from the Emirates.Estate website will offer a wide range of the properties for you, tell you about the features of the areas and help you select the best housings both for personal living and as an investment with a high ROI.
