Apartments for Sale in Dubai: Benefits of Buying Property

Among the fast-growing metropolises around the globe, the emirates of Dubai are renowned for its scenic tourist destinations, towering skyscrapers, and some of the best malls famous worldwide. But the other attractions apart – such as the palm-tree shaped islands and tallest buildings – you can also go for buying a property in Dubai, which you can utilize to boost the current portfolio of investment or secure the home in one of the top property markets in the world. 

However, other attractions aside — like the tallest skyscraper and palm-tree shaped islands— you can also buy property in Dubai, which you can use to either boost your current investment portfolio or secure a home in one of the best property markets in the world.  

Here are some of the fantastic benefits of property investment in Dubai.

Availability of Property in Luxury Areas

Dubai Marina is regarded as the best place to purchase property in Dubai. It is a renowned fact that the properties bought in a particular area give more ROI in comparison to the other regions. 

The luxury regions of Dubai have increased traction with the investors, according to a report of 2019 Q3 property market. The third quarterly estimation of property costs in the emirate reveals that Dubai Marina on the top as the most renowned region for purchasing the apartments in Dubai, closely followed by the Plan Jumeirah, a tree-shaped neighbourhood. 

The Dubai Marina resumes its rule as the most famous area to purchase the apartments in Dubai according to the Bayut’s year-end property market analysis for 2019. According to that report, the property costs have dipped per square footage in comparison to 2018, which has resulted in more transactions by nourishing the area’s popularity. 

Affordable Luxury Homes for Sale

The luxury-centric properties such as those in the Emirates Hills can be cheap as compared to those provided in the key global cities. Therefore, it can be a consideration for a person searching to buy a place for a home in Dubai. 

According to a Report in Knight Frank Wealth in 2019, the luxury homes are cheap as compared to those valued in the other important cities in the world such as New York, London, and Hong Kong. The accessibility of the prime properties that surpass and match the standards of the people found in the cities is sufficient to make the buyer invest in Dubai’s luxury properties. 

From the premium penthouses and lavish villas to the fully-furnished apartments, the luxury portfolio of the emirate is not matched. For instance, the investors involved in the villas may think of the luxury-focused areas such as Emirates Hills and Jumeirah Village Circle (JVC). 

Availability of Affordable Off-Plan Property

One of the noticeable benefits of purchasing the off-plan apartments for sale in Dubai is that the projects that are not made yet are accessible at reduced costs. You can add attractive plans for payment and the best offers to the investment and mix become more reasonable in comparison with the constructed developments.

Both the seasoned investors and first-time buyers can gain an advantage from the best financial flexibility provided by the off-plan real estate in the emirate. 

With multiple projects declared each month, the developers initiate competing on the financial prices and schemes. For instance, the developer can offer the payment scheme that permits the buyers to pay 50 percent upfront and 50 percent on completion. 

Consider all the risks of purchasing the off-plan property in Dubai, and it can assist you in avoiding the drawbacks of the sales process. 

Availability of Freehold Areas

The areas such as Business Bay are freehold and give the property investments for the foreign nationals and are regarded as the best places for purchasing a property in Dubai. 

Dubai has nominated the regions where the foreign nationals or ex-pats can invest in the real estate. Renowned as “freehold regions,” these areas offer the properties for the international properties in multiple configurations – along with some communities offering villas, apartments, or a combination of both. 

The famous freehold areas in Dubai involve Dubai Marina, DIFC, Discovery Gardens, Downtown Dubai, Barsha Heights, Business Bay, and Arjan.

Consistent Development

The advanced ideas intended by the Dubai government is a sign that purchasing property in Dubai can be the right decision of your life. While it is making an artificial archipelago 2 km north of the shoreline, the emirate has verified that anything is possible.

The new developments intended for consecutive years are guaranteed to announce recreational centres, shopping malls, and the new road links. 

Other remarkable additions that can add sufficient value to the bought properties are the innovations which will see the developers announcing the innovative smart technologies within the apartment building and villas.