Dubai: The Next Big Thing In Real Estate?
Dubai has long been hailed as one of the world’s richest areas and one that billionaires are flocking to thanks to its unique atmosphere and year-round sunshine. It’s also not harmed by the fact that vehicles of the Ferrari and Bugatti kind are commonplace.
The guys from Dubai Property For Sale have given us a unique insight into Dubai as a real estate investment hub:
Dubai is absolutely booming at the moment thanks to the relatively affordable high end apartments and villas that are available. There’s a lot of investors making good money buying off-plan property and then selling it shortly after it’s built for a decent profit.
To give you a taste of what’s out there, especially in the very high end of Dubai Property, here’s a run through of some of the most expensive properties in Dubai:
R Sector, Emirates Hills
A breathtaking development in an area known as Emirates Hills. Emirates Hills is one of the most desirable areas in Dubai and for good reason, with its own golf club and staggering views of the ocean.
This amazing property is listed at 129.9m AED (around £26.816m) and features custom interior design as well as a beautiful outdoor pool.
Mohammed Bin Rashid City Villa
AED 120,000,000 (around £24.76m)
A beautiful villa in Mohammed Bin Rashid city, located in Dubai Hills. Dubai Hills is coined as the UAE answer to Beverly Hills and has seen a surge in demand recently. This awe-inspiring property features basement parking, a gym and sunken gardens with a pool.
XXII Carat Club Villas, Palm Jumeirah
Listed at 91,750,000 AED (Around £18.93m)
These properties have unbelievable views of the Palm Jumeirah and Bluewater Island and feature classic decor that breathes opulence. There are only 6 of these properties available, and demand is huge, so expect the list price to become irrelevant once they’re released.
Investing in Dubai Property
When it comes to investing in Dubai Property, the better returns are obviously in the ultra high-end properties, but do bear in mind the capital required to purchase these.
A lot of investors are moving toward off plan property and, in particular, new apartment towers which are to be built. Off plan property in Dubai tends to offer good prices due to their speculative nature and, upon completion, can yield very healthy returns.
If you’re based in the UK, speak to Dubai Property For Sale and their UK national brokers will help you find a great deal for your investment.