Dubai is an Attractive Destination to Have a Luxury Property

Dubai is among one of the wonderful places on earth which and becoming highly prized among tourists and investors. Known for its spectacular beaches, it has one of the highest buildings in the world, which is a particular hotel, among other qualities.

Dubai is an impressive destination for living. Its immense skyline, gigantic luxury shopping centers and modern living makes it an idea destination for a huge number of visitors, businessmen and expatriates from all over the world. As a matter of fact, 75% of the buyers in Dubai are foreigners.

Great time to buy

The housing market in Dubai is recovering fast, mainly due to promotional activity of the government, which has concentrated the flow of tourists to Dubai to the detriment of neighboring areas hassled by a heavy political situation. And then, of course, it is that Expo 2020 that is approaching fast, favored by destiny, imposed a more rationalization of the sector.

Dubai has various options

Buying a luxury home in Dubai is an important decision and, therefore, it is essential to request the services of specialists to help you assess the type of property we want. Choosing a luxury home requires counseling various viewpoints. Sometimes we ourselves are not objective and we need an expert to help us evaluate the home that better suits our needs.

Hiring a real estate agency assumes that the entity will manage and develop a catalog that fits your criteria and provides relevant information and assessments of each property as per your aspirations.

In general, which areas attract more investments in Dubai?

There are three areas: in Jumeirah or the coastal residential area full of villas and grand luxury hotels. There are many luxury property for sale and can be purchased only representatives of the six Gulf States. In this part, the marina area is "freehold", open to investment by all, and there is some areas "leasehold", in which the purchase, mainly offices, is limited to 99 years.

In terms of investments, which is the most ideal place for buying a luxury home in Dubai?

Depending on the type of property we are talking about, the expected returns are around 7/8% per annum. To attract more investments is the type and size of the property for example studio or one-bedroom. Dubai is a young and dynamic city, so investors are young and dynamic, not families. For these apartments the investment is less, and the rent, in proportion, the higher, up to 10%. As for commercial real estate, the demand is not very high. We speak mainly of offices in the area of Business Bay, 100/150 square meters as average size, intended largely for the personal services and consulting.

Given the multitude of possibilities for real luxury it is advisable to seek the services of a real estate to guide us and provide management to find the most appropriate housing.