What type of property would be better to buy in Dubai?

15 / 07 / 2020

A very favorable condition is the presence of a building under the windows or in the area where you plan to purchase real estate. If an attractive project is under construction in the area, then, most likely, in the future there will be a jump in the average cost in the entire quarter.

The reason for such jumps is the “profitable post-payment plans” of real estate that has passed the commissioning phase. These types of payments are a way out for people who are not able to pay the full cost of the object at once. Using this offer, you will receive a price higher than the purchase price of real estate with immediate payment.

As an example, take the Jumeirah Village Circle, where housing prices rose by 4%, as there is the construction of 13 thousand new properties in addition to the finished 17 thousand.

The difference between the cost with a “favorable payment plan” and the average cost in the district may be more than 25%. This is precisely the difference recorded in The Palm Jumeirah, for example, between the average price of real estate in the entire area and the prices of apartments in the Azure Residence. One-room apartments (100 square meters) in the residence will cost 2.1 million dirhams ($ 572,000), and two-room apartments - 3.6 million dirhams ($ 980,000). This is a very revealing example of a difference in value.

Sales of villas and townhouses are rising. Usually, this type of real estate is not actively bought as small apartments. However, according to sales data for the last year, it can be concluded that villas and townhouses are becoming very popular among customers. Sales of houses in one year exceeded the results of 5 previous years.

In the process of buying villa or townhouse, investors receive additional bonuses, such as:

    ● investor can become a member of the club;

    ● for several years it will not be necessary to pay for the service;

    ● “profitable payment plans”;

    ● and many other bonuses.

Additional benefits have a positive effect on sales of villas and townhouses. In just 2 quarters of this year, about 3,000 properties were sold.

Now about which locations were most demanding:

    ● Real estate after commissioning: Jebel Ali, Emirates Living and Dubai Hills Estate;

    ● Real estate under construction: Villanova, Dubai South and Arabian Ranches 3 areas.