The world’s most distinctive address and top real estate market are both found in Dubai. The emirate’s booming real estate sector is well-liked by both buyers and tenants. Due to its affordable housing options, accessibility to first-rate amenities, and overall life quality in terms of financial and personal safety, this rapidly expanding city is also regarded as among the most desirable locations to live in the world. Before purchasing a home in Dubai, the first thought that enters your head is, “Why invest in Dubai?” Simply put, Dubai is an economical place to buy quality real estate since its property costs per square foot are cheaper than those of many other cities worldwide.
Luxurious apartments in Dubai
You can find the largest, most ultra-luxurious apartments in Dubai for sale in upscale neighbourhoods like Downtown Dubai, Palm Jumeirah, DIFC, Dubai Marina, Dubai Harbour, Jumeirah Beach Residence, Bluewaters Island, Mohammed bin Rashid City, Dubai Hills, and more. These apartments range in size from studios to 1/2/3/4/5/6 enormous size bedrooms.
Cost of Apartments in Dubai 2022:
- Studio Apartment (395-600 Sq Ft)- AED 400K-650K
- 1 Bedroom Apartment (495-1000 Sq Ft)- AED 600K-1.2M
- 2 Bedroom Apartment (700-1800 Sq Ft)- AED 800K-2.5M
- 3 Bedroom Apartment (1000-3000 Sq Ft)- AED 1.5M-4.5M
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Affordable Luxury Homes:
Any buyer would be compelled to invest in deluxe real estate Projects by the availability of premier properties that meet or exceed the quality of those available in these cities. The emirate’s luxury portfolio is unsurpassed and includes completely furnished apartments, opulent villas, and top-tier penthouses. Villa-focused neighbourhoods like Emirates Hills and Jumeirah Village Circle (JVC) may be of interest to investors.
New launch off-plan properties in Dubai:
The fact that properties that haven’t even been built yet are offered for sale at substantially reduced costs is one of the apparent advantages of purchasing off-plan real estate in Dubai. Investments become more inexpensive in comparison to built developments when appealing payment plans and workable incentives are added to the mix.
Off-plan real estate in Dubai offers excellent financial flexibility, which may be advantageous to both novice and seasoned investors. Every month, a number of projects are unveiled, which causes developers to begin bidding on advantageous financial terms and costs. For instance, a developer may provide a payment plan that enables customers to pay 50% up in advance and 50% once the project is finished.
Freehold areas available:
Foreigners and expats can buy real estate in approved regions of Dubai. These regions, which are referred to as “freehold zones,” provide homes in various formats to foreign purchasers; some neighbourhoods have flats, villas, or a combination of the two.
Property Visa in Dubai:
Property investors may now apply for long-term resident permits as of last year. The 5-year long term visa, which offers greater stability, is now available to those with real estate assets totalling AED 5 million. Another benefit of investing in Dubai property is that owners may endorse their family and friends for this long-term visa.