There is no city like Dubai when it comes to real estate. Dubai commands a global reputation by creating new benchmarks. Attractive projects have opened better deals for property investors and buyers. Let’s gape at this astonishing location for investment in Dubai properties.
The top spot is retained by Dubai Marina. It continues to be the paramour of real estate investors with attractive high-rise apartments, retail and dining outlets. Whoever invests in Dubai Marina has a bright future ahead. 1-bedroom costs AED 1.3 M and 2-bedroom costs 2.2M.
The second-best spot is retained by Palm Jumeirah, another waterfront location. It’s majestic and luxurious location has made it one of the favourite places to invest in. 4 bedrooms cost AED 11.3M.
The next best investment area is a popular villa community Arabian Ranches. There is an accretion in the interest due to the off-plan projects and resurgence of secondary property market. It is especially preferred by families hence increasing Dubai real estate investment opportunities. AED 4.25M for 4 bedrooms.
The next entry in the list of best areas for investment is made by Jumeirah Village Circle (JVC). Competitive prices and off plan projects like Bloom heights has created a lasting impression in the mind of investors.
A phenomenon entry is made by Dubailand in the list of best areas for investment. Intended to be a tourist mega-destination is drawing a lot of attention with Expo 2020. AED 750k and 1.14M for 1 and 2 bedrooms.
Though VAT was introduced but it didn’t curtail the property market in Dubai. A special survey was conducted for fb followers and email subscribers to garner audience interest and also to perceive market sentiments.51 % respondents of survey believed that property prices would drop down in 2018 whereas 52% believed that investing in property was the pick of the litter overtaking gold and stocks. A considerable 27% relied on prices remaining balanced at a steady pace.
An interesting question was put up in order to reveal fascinating responses. By what percentage will be the rise and fall of property prices in Dubai. 29% thought that prices would come down by 5-9% whereas 24% believed that price would elevate by 5-9%.
A major percentage of population doubted whether property prices will increase or decrease.
2% respondents thought it would increase over 15% and 7% assumed it would come down by 15%.13% respondents expected that the real estate market’s price would remain stable.
By all these we can easily understand that projects in the emirate would continue to fascinate people.
Do read our thoughts on property prices in Dubai and secure your future by grasping the opportunity. Take that step towards your safe future.