There has never been a more suitable time than now to get your foot on Dubai’s real estate ladder. It doesn’t matter whether you are a first-time buyer searching for a sunny and luxurious home, have your interests vested in a property where your family can grow, or are an investor aiming to capitalise on a profitable market – Dubai’s real estate sector presents numerous exciting and lucrative opportunities. Over the past 20 years or so, Dubai’s landscape has witnessed an array of alterations and advancements. The gorgeous weather and charming culture are still there, but the city is now growing in terms of infrastructure, business, and quality of life as well.
Closing a deal in real estate in Dubai is definitely one of the most notable investment decisions you are going to make. As a matter of fact, many people would like to have this chance so they can enhance and augment their lifestyles with such a valuable asset. However, before planning on striking such a deal, there are a number of things to evaluate and consider.
Places to Invest in
Firstly, it is vital for interested investors to understand the different areas they could possibly invest in. Dubai as a city is home to a variety of residents from differing nations, religions, castes, and economic strata. This range of diversity has lead to a large range of residential options for investors to choose from. Some of the areas that are expected to become the centre of Dubai are as follows:
- Jumeirah Beach Residence
- Business Bay & Downtown Dubai
- Sports City
- Dubai Marina
- Arabian Ranches
- Motor City
- Emirates Hills
- Jumeirah Lake Towers
- Al Barsha
Gauging The Type of Investment
Before investing in property, it is critical to evaluate how you want to invest. If you are looking at a short term fix, you could look at leasing out a listed property. Meanwhile, if you are looking to invest in the long term, you have the option of choosing between off-plan properties – basically, properties that are under construction and are expected to go live in the coming future. Like off-plan properties, you could evaluate existing and established properties as well.