Top 5 Areas to Invest now In Dubai Properties

These are the words we usually associate with Dubai and the same words that make it a real estate paradise for the wealthy people (Hight Net Worth Individuals - HNWI). From glamorous penthouses to luxury villas, it's no secret that Dubai is home to some of the most upscale real estate in the world.

There is currently a huge demand for luxury property in Dubai among both investors and homeowners. Considering that real estate is one of the strongest aspects of the Dubai economy, buying luxury apartments and villas is indeed a profitable investment option. How have global events, from conflicts to pandemics, affected the Dubai luxury real estate market given the newfound interest from investors in Europe, especially from Russia .

Let’s take a look at the current market, explore the benefits of investing in real estate and introduce you to the following areas for investing in Dubai:

1. Palm Jumeirah

2. Dubai Hills Estate

3. Dubai Marina

4. Downtown Dubai

5. District 2020 (Expo-2020)

Market Insight: Dubai’s Luxury Property Market in 2022

With increased demand and soaring transactions, the luxury real estate market in Dubai is currently booming. Over the past couple of years, the luxury areas of Dubai have seen a significant increase in property prices, especially for villas.

In terms of the luxury market in general, 2021 saw a surge in activity in the Dubai real estate market, with prices up 40% compared to 2020. This may be due to investors and homebuyers moving to higher quality properties and larger homes with more amenities as well as outside area, to lead a more comfortable post-pandemic lifestyle. Villa prices have risen 21.2% since the start of the pandemic, according to a Knight Frank report.

Why invest in luxury real estate in Dubai?

Firstly, Dubai offers superb value for luxury real estate that boasts large property developments where investors are spoiled for choice. However, Dubai's most attractive offering remains the variety of prime investment property, from luxury villas to fully serviced apartments. What's more, despite the city's luxurious lifestyle, Dubai remains very affordable, with apartment prices significantly lower than other cosmopolitan cities around the world.

An ideal location for business, part of Dubai's growing allure for investors is its global connectivity, giving businesses the best of both worlds, east and west. Not only that, Dubai is incredibly investor-friendly, with the government introducing foreign ownership schemes, transparency initiatives and long-term visas for property investors.

In addition, the Dubai income tax exemption system and the absence of additional fees when buying property are also attractive to investors. All this, along with good returns, a growing population and an excellent standard of living, makes buying a luxury property in Dubai a profitable investment decision.

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