Dubai's real estate market is growing as fast as the city itself. Here, not just individual houses are being built, but also huge areas. Which of them should foreign investors or buyers pay attention to? You can get qualified help from international real estate companies in UAE to make the right choice so that your investments will bring you the highest income.
Developers of real estate in Dubai
Foreign citizens are trying to buy real estate in Dubai in the most popular areas, and in particular in those that are being built up by state developers. Among them are:
- Emaar Properties PJSC;
- Meraas Development;
- Dubai Properties (DP).
These are proven and reputable companies that are not just building property but are trying to create a complete infrastructure of the area.
Experts recommend considering areas that are under the jurisdiction of a single developer building not just one building or complex, but developing the entire infrastructure, namely, those who themselves:
- launches restaurants;
- builds shopping centers;
- breaks parks.
In this case, the buyer of real estate can be sure that only one company is responsible for the territory, its improvement, and its development.
Vital things when buying property in Dubai
With eminent developers, on whose account there are many completed projects, the buyer bears absolutely no risks. The only thing you can think about is the 'correctness' of the building.
It is necessary to understand where it is bad and where it is good, in which area the building is liquid and will bring a big return. You need to know:
- all buildings from the inside;
- construction quality;
- the nuances of the work of management companies;
- features of operation.
When it comes to such large amounts as hundreds of thousands or millions of dollars, it is rather strange to invest them in projects without the help of professionals.
Property in Dubai: prices
If we are talking about budget peripheral areas, then the average cost of residential real estate there is from USD 100,000. For this amount, you can buy real estate, for example, in International City. However, this will be the lowest segment of the market. As a rule, such an apartment can only be rented out to expatriates who work in low-paid positions. And if, after all the tenants, the owner of the property makes a good repair and subsequently decides to rent the property to tourists, then it will be almost impossible to do this due to the remoteness of the area. Moreover, such properties will be difficult to sell due to neighbors and the territory's reputation.
Property prices in decent areas start at USD 150,000-200,000. High-quality residential real estate, which is located close to the beach, will cost even more – USD 320,000-350,000.
Real estate in Dubai
It is important to understand that if one area is being built up not by one developer, but by several companies at once, then one should not expect any uniformity in architecture, landscaping, and the quality of buildings. Therefore, it is very important to pay attention not only to the complex but also to who built this or that quarter. You can get all the detailed information about the developers from Emirates.Estate website. Go and check it out!