1- Because it's Dubai!
When it comes to the most popular and glamorous cities in the world, Dubai real estate needs no introductions. Tallest skyscrapers? We got it. The Burj Khalifa is the single most spectacular feat of architecture in the modern world. The world’s biggest shopping mall? We also got it! The Dubai Mall is a staggering 1,124,000 square meters in size, home to over 1,200 stores, welcomes on average 5 million visitors per month. World’s largest indoor theme park? Yes, you guessed it! we've got that too…It’s go big or go home. Innovation is an integral part of the city’s culture, and it is mainly reflected in the Dubai real estate sector. This is why many people from all over the world have chosen this city to be their new home away from home, and this is why you should consider this city when looking to invest in real estate, it’s got everything you need, and more
2- Dubai real estate has something for everyone
Developers of Dubai properties are working towards building communities that reflect the personalities of the buyers and focusing on their every need. A beautiful family of 4 looking for a villa by the sea? A power couple looking for luxury and city glamour? Or a single professional looking for seclusion? This city has got the right place for you.
A project like The Floating Seahorse, for example, is an off plan development located at World Islands, St. Petersburg Island. The design of the homes has captured the imagination of anyone who is anyone. It is designed for families and covers a total area of 4,000 square feet across three levels. Every villa will have special unique features, state-of-the-art innovation and technology, outdoor climate-controlled regions and home automation. The Floating Seahorse villas offer one or two bedrooms depending on the editions underwater.
If underwater luxury living is not your thing, you might consider investing in Fiora at Golf Verde. Developed by Damac Properties, it is a new off plan development within Dubailand. These astonishing one bedroom apartments surrounded by beautiful parks and are located close to several dining, retail and entertainment outlets just around the corner. This residential project is made up of two towers linked by a podium with a fantastic swimming pool and a running track. Fiora at Golf Verde offers large glass-fronted balconies to allow natural light and enjoy spacious living where you can escape the city and be part of a beautiful secluded community.
Grande at the Opera District redefines luxury and city living. Located in Downtown Dubai, the Opera District is an urban and cultural hub of the region, bringing art and music to life. The Opera District is comprised of 5-star hotels, stylishly designed serviced and residential apartments, restaurants, recreational spaces, parks, and a retail plaza. All units at The Grande at Opera District offer stunning views of the city skyline and Downtown Dubai. The residents will also be close the largest shopping centre, Dubai Mall, and the tallest building in the world, Burj Khalifa.
3- Endless opportunities
Let’s talk about money. They say you have to spend money to make money and let’s face it; they have a point. The Dubai real estate market is one of the best-regulated in the region as the government has taken several measures such as the escrow regulation, rental cap, rental increase calculator, and a rental dispute settlement center. This is why the return on investment is estimated on an average of 8 to 12% per annum. Much higher than most major cities in the world. The city is all about global connectivity. This Emirate's location makes it a central hub for business and leisure travelers around the world, add to that the strength of its national airlines and you got yourself a 9 million monthly passenger traffic at the Dubai international airport. That’s a lot of people. It’s no surprise then that the non-oil sectors are generating 70% of the UAE’s GDP, and it’s expected to reach 80% by 2021.
4- The World Expo 2020
And finally, the biggest reason to invest in this city is the World Expo 2020. What is the Expo 2020 you ask? It’s a six month long event that will change the Emirate as we know it. More than 130 countries have announced their participation in this exhibition, and this event is expected to generate more than 20 million tourists. They will be showcasing their countries and their innovative and creative ideas that will shape our world’s future. Investing in this city will give you an opportunity to be part of the most awaited event of the decade. It will provide you with a front row seat to witness it as it happens. A new airport, a new “tallest tower” a new city is unfolding with plenty of opportunities for you to witness a rebirth of Dubai or what many experts have called the Dubai 2.0
All these reasons and more make the emirate the ultimate place to invest in, and of course what better way to invest in the Dubai real estate then with our incredible team of Driven experts and specialists who have extensive knowledge regarding Dubai property. Contact Driven Properties today to know more about your next investment opportunity.