Dubai is a city within the United Arab Emirates and the financial centre of the Middle East. Home to the world’s tallest building, The Burj Khalifa and the iconic Palm Jumeirah, Dubai truly has established its position in the world as a Global Capital. With over 80% of the Dubai’s population constituting of expats, over the last decade Dubai has seen an influx of foreign investment due to offering some of the worlds highest rental yields, flexible interest free payment plans and award winning top 10 global developers.
Property Investment in Dubai
Dubai offers value for money and considerable growth opportunity as a second cheapest Global Capital averaging prices of £422 per square foot for luxury residential homes.
Opportunities for Dubai property investment are wide ranging from hotel apartments in Business Bay and Downtown Dubai, to luxury investment properties on Palm Jumeirah, a sky line apartment at Dubai Marina overlooking the Arabian sea. There’s even villa houses in one of Dubai’s new golf communities and also cheaper cost effective apartments at the Dubai World Central from the new airport and the Expo 2020 site. With a growing population along with a burgeoning tourist sector Dubai property is an asset to take place with a worldwide property investor as part of portfolio. It is no real surprise that buying property in Dubai is among the safest investments one could make.
- UAE Economy grew at 2.9% in 2019 compared to 1.7% in 2018
- IMF expects UAE Economy to grow at 2.5% in 2020
- UAE’s GDP to reach DH 1.5 Trillion in 2020 from DH 1.464 in 2019
- 312,000 companies are registered under VAT in UAE
- NEw discovery of Gas helps future revenue streams
- Inflation Rate in 2019 was at 1.5% from 3.69% in 2018
As opposed to other regional areas, Dubai’s economics doesn’t rely on oil so prices have little impact on the city’s economy. The excellent security and safety in Dubai has promoted commerce and more importantly tourism. The rich and famous come in their droves to spend in Dubai and even take up residence. Dubai has such a diverse economy. Ultimately, several have found that selling and buying property is among the best ways to make a lot of money in a brief span of time.
Enjoying a lifestyle like no other
All year sunshine and exotic beach locations are the main selling points of living in Dubai. Jumeirah Beach is a fantastic place to relax and rightly so it’s one of the best beaches in Dubai. Those looking for some retail therapy and indoor entertainment, look no further than The Dubai Mall multiplex which has restaurants for tasting all the culinary delights of the world. The luxury mall also houses a full scale indoor aquarium to enjoy as well as an ice rink, cinemas, go-kart race course and a hi-tech VR park. The whole family can also visit the spectacular, Wild Wadi Waterpark located near Jumeirah which boasts some of the wildest water slides in the world.
Buying Dubai Property for Sale
The Dubai housing market has been going through rapid growth and the situation in Dubai is very dynamic one at best. Combined with good Freehold property policies with a big selection of apartments, villas, houses, cities and offices for sale, there are ample opportunities for investors looking to buy property in Dubai. The selection of types of property currently in Dubai is staggering.
What’s Hot in the Dubai Property Market
So you’re coming round to the idea of purchasing a home in Dubai. The next question is choosing your house, flat, villa or apartment to make your dream come true!
On the apartment front, studio apartments can come in with a standard 1 bathroom with approximately 360 sq. ft. of floor space. One bed apartments can include two bathrooms of varying sizes with around 790 sq ft of floor area. For those looking for more space, two bedroom apartments can contain three baths and 1,600 sq. ft. of floor space.
Those looking for extra space for the family can look at 3 to 4-bedroom residential flat options in Dubai. The most popular types typically come with 3 bathrooms and 1,500 sq. ft. of floor space and 4 baths with 2,.5 sq. ft. of floor space. Flats in Dubai are often within a gated community complex offering a wide variety of family friendly amenities such as playgrounds, nurseries and restaurants.
Dubai Houses & Villas
The popular choice is a 4 bedroom house which can have up to 6 bathrooms and ample space for a larger family to accommodate. With villas, they usually range from 3 bedroom to 6 bedrooms properties coming with multiple bathrooms depending on the villa size. Floor sizes range upto 5,500 sq. ft from 1,800 sq. ft. Most popular villas in Dubai tend to be the 3 bedroom units.
Whatever your decision in buying a property in Dubai, make sure to contact the One Investments team.