The United Arab Emirates attracts not only vacationers and business people seeking to take advantage of free economic zones. Many foreign investors see real estate in Dubai as an opportunity to save money and multiply it. The country’s largest emirate has more than 60 zones in which foreign owners can dispose of housing equally with citizenship holders. You can buy apartments in Downtown Dubai for sale, UAE, Palm Jumeirah, or other popular areas of the city, and it remains to figure out why to invest in the local housing stock.
About Downtown Dubai
The metropolis of Dubai consists of several districts, each of which has a specific focus. Downtown Dubai is both a business center, thanks to the offices of world companies, and a tourist center, since the main attractions of Dubai, such as Burj Khalifa and The Dubai Mall, are located here.
In 1997, the Dubai Government allocated 2,500 m2 of land to develop residential and commercial buildings, the construction of which was led by the largest real estate development company in the UAE, Emaar.
The area is rectangular, and along one of its borders is the main thoroughfare of Dubai – Sheikh Zayed Road. Nearby are Al Wasl, Business Bay, Zabeel, and Trade Centre. The journey to Dubai International Airport takes approximately 15 minutes by car via Sheikh Zayed Road or Al Khail Road or 40 minutes by metro.
Downtown Dubai is the central district of the emirate, with a developed infrastructure, a variety of branded boutiques, and many beauty salons, restaurants, and entertainment centers for tourists. In addition, medical centers, educational institutions for children of all ages, as well as grocery stores are within walking distance. The beaches are located within a radius of 15-20 minutes by car or 1 hour by public transport.
Top reasons to consider property for sale in Dubai
The emirate actively develops and opens up great opportunities for a wide social audience. The metropolis has a high quality of life, a developed education and healthcare system, many interesting places, and a warm climate. This attracts foreigners from all over the world who require housing. Therefore, the main reason for investing in real estate in Dubai is its demand. You can also highlight a few more reasons in favor of investing in the overseas housing stock of the UAE.
If we compare the price policy of the region with the cost of housing in such large metropolitan areas of the world as London, Hong Kong, and New York, we can see that prices are affordable. Real estate agencies in Dubai can find an option for any budget.
Visa for buying an apartment in Dubai
Even if there is no talk of moving to the UAE for permanent residence at the time of purchase, the possibility of obtaining a resident visa in an expedited manner will be reasonable. Obtaining a visa for three years is enough to buy an object worth more than 204 thousand dollars.
High investment potential
Housing in the emirate is steadily rising in price. Regardless of the chosen investment strategy, you can get a guaranteed profit:
· by capitalizing on the cost of an apartment for sale in Dubai;
· when renting a property.
The emirate’s housing stock has a high rate of return. In some areas, it reaches 6% for villas for sale in Dubai and 10% for apartments.
All the benefits of off-plan projects in Dubai
For those planning to make money on the resale of housing, the most attractive property for sale off the plan in Dubai may be. At the stage of construction, it is sold much cheaper than at the delivery time. The authorities guarantee the security of transactions at the legislative level. Hence, the only drawback of this strategy is the waiting period for the complex to be put into operation.
How to buy property in Dubai
Buying a home always raises a lot of questions. Buying overseas real estate is even more exciting, as ignorance of local legislation and often a language barrier are additional obstacles. Specialists of the licensed real estate agency in Dubai AX CAPITAL will help you find the best housing format for any purpose and make the transaction safe.