Purchasing a property anywhere is a huge financial commitment and this is also true for buying a property in Dubai. In the past investors were a bit hesitant about investing in Dubai’s real estate market and this was mainly because of the financial crisis back in 2008, which affected not just the Middle East, but almost every major country worldwide. But things have changed since then as the city’s property market bounced back and is currently at its peak and this has attracted many foreigners to invest in the city’s off plan projects due to the great return on initial investment.
Dubai’s real estate market is undoubtedly one of the biggest in the world and the investors have surely noticed a steady increase in returns since the announcement of the Expo2020.
Investors who invest in Dubai’s property market are generally keen to invest in off-plan projects, this is mainly because the prices are well below the current market price and also developers generally provide great off plan incentives. In addition, some of the banks give great payment plans which definitely reduces the burden on one’s finances.
Dubai has a plethora of futuristic, cosmopolitan projects for buyers to choose from. Let’s look at which locations have emerged as the best areas for investment in Dubai property:
Emirates Hills is one of the city’s oldest and most well established villa developments. It’s widely regarded as Dubai’s premier address and is home to many high net worth individuals, celebrities and even royalty. A truly world-class development overlooking the green fairways of The Montgomerie Dubai, an 18-hole championship golf course, Emirates Hills features a harmonious balance of well-appointed villas. Emirates Hills villas are set in elegant private neighbourhoods highlighted by lush green landscaping
This locality consists of spacious villas offering four or five bedrooms, and residents enjoy superior shopping and schooling options in its immediate neighbourhood. The best part about living in Mirdif is the different experience it offers as compared to other residential hubs in the city; you really feel like you’re getting away from it all every time you come home. Villas in Mirdif were built individually by different developers meaning that they all look completely different.
At Damac Hills, residents enjoy access to world-class retail and dining, the spectacular championship golf course and acres of private parkland.
Luxury villas and mansions are grouped into distinct neighbourhoods, each themed by a selection of classic and contemporary architecture. The villas come in all sizes, with select properties designed by an international fashion house to create unique living environments.Spanning 42 million square feet, DAMAC Hills is home to a variety of incredible properties, some the result of collaborations with the likes of world-renowned brands such as Fendi Casa and Paramount Hotels & Resorts.
An established gated community that has redefined modern living in Dubai, The Springs comprises clusters of townhouses set as distinct precincts, each with dedicated entry points. Conveniently located near Dubai Marina, Dubai Internet City, Dubai Media City and Knowledge Village, The Springs is the cherished home for families and professionals. With over 4,800 townhouses, The Springs community features single-family detached villas ranging in size from 1,647 to 5,960 sq ft with two to four bedrooms in four floor plans.
A prestigious community, offering its inhabitants an exceptional living environment, Arabian Ranches combines elements of Arabic architecture and European sophistication, the development comprises of 24 residential neighbourhoods. One of Dubai’s most sought-after residential communities, Arabian Ranches redefines villa living with 4,000 villas across neighborhoods.
For more information about living in the Dubai, visit https://www.zoomproperty.com