Dubai’s prospering real estate market is popular both with investors and dwellers. The emirate promises an exciting lifestyle and incredible career opportunities. Owing to its global attractions, jaw-dropping architecture, and hosting international events, it is also a hot tourist destination. Due to the relaxation in property ownership laws in the UAE, Dubai has seen an influx of investors and new residents. Now, there are designated freehold areas where expats and foreigners can invest and own property in Dubai. In this context, the post-covid era has seen a massive increase in the demand for flats for sale in Dubai.
Another reason for an increase in Dubai’s real estate is the high return on investment (ROI) it promises. Dubai has residents from over 200 nationalities and expat population continues to rise. As land has always been a finite natural resource, a diverse community means more transactions, which ultimately means more growth and hence better ROI. Among these properties, apartments provide a quick cash flow.
There are many great neighbourhoods in Dubai; each one is popular among a set of people according to their preferences. If you are after luxury and beach-style living, Palm Jumeirah will fit your style perfectly. The developments like Atlantis The Royal, One Palm, Palme Couture and The Palm Tower are modern offering a posh lifestyle.
Contrarily, areas like Damac Hills and Townsquare are good options if you prefer community over solitude. In terms of affordability, Al Mamzar and International City are very popular, albeit not so modern. In short, the best area is the one that suits your needs.
A Tip: Browse through the apartments available for sale in Dubai on Zoom Property, read the descriptions, and mark the properties that suit your preferences and budget in the best way. Or call our agent with your queries and get to know about legal formalities associated with buying a property in Dubai.
Yes! The income in Dubai is tax-free, and mortgage registration fees are very low, making it an ideal investment. Also, the real estate market in Dubai is continuously thriving with no slowing down in sight. Dubai is one of the top cities in the world to live in.
That depends upon your preferences and the size of the family. If you are single or have a small family, an apartment is a better choice for you. Plus, apartments are quick to flip if you decide to sell them and gain profit.
Absolutely! Dubai is among the top ten safest cities in the world. It offers a high-end lifestyle and exciting career prospects.
Both expats and locals can buy residential properties including apartments in Dubai. You can opt for renting it out to tenants for a steady income.
It depends on your investment purpose and lifestyle preferences. For example, Dubai offers an investor visa which is not the case in Abu Dhabi, and that is a huge plus point. Whereas Abu Dhabi provides a comparatively more peaceful lifestyle with less hustle and bustle than Dubai.
If your apartment, or any property in this case, is worth more than 1 Million AED, you are eligible to apply for a residence permit according to the UAE investor visa program.