Earlier this year, the Dubai Land Department published a list of top nationalities that invested in Dubai’s real estate market between January 2016 and June 2017. A total of 217 nationalities have invested a whopping AED 151 bn. in these 18 months. Topping the real estate investor list after the Emiratis are India, Pakistan, Saudi Arabia and United Kingdom. To see the complete list of investor nationalities click here.
What makes Dubai such a hot spot for investing?
Despite the capricious economic conditions of the world, Dubai’s real estate market has shown resilience through its strong and transparent policies, safeguarding investors of their real estate rights. Increase in investor confidence has made Dubai a highly prospective location for real estate transactions.
Dubai is also considered a safe and secure city to raise families. When it comes to aspects such as the quality of schools and amenities such as child day-care centers, recreation centers, hospitals, shopping areas, parks and restaurants, one can recognize select neighborhoods that provide these conveniences including secure gated communities.
Listed below are such areas that one can look forward to, for living in Dubai: ·
Beautiful villas are found in Emirates Hills, some sections of Palm Jumeirah, Jumeirah Islands and Al Barari. Bollywood celebrity Shah Rukh Khan has a sprawling 8,500 sq.ft. villa at Palm Jumeirah. Abhishek Bachchan and Aishwarya Bachchan have bought a resort style villa at Jumeirah Golf Estates. UAE is indeed, a popular travel destination of the rich and famous. With unmatched hospitality and world-renowned events round the calendar, it’s only natural that the emirates attract celebrities from all walks of life on a regular basis.
Villas are not limited to the purchasing power of the rich and famous though. There are umpteen number of options within the most desirable locations of Dubai. People from all around the world invest in properties in Dubai. For those with more modest tastes, subtly decorated villas are also available, many of which are simple and spacious, all of which are air-conditioned. From Jumeira to the more remote but popular areas, there are villas to suit all tastes and most budgets. Accommodations are also dependent on the company you work for and the package they offer.
Although the cost of accommodation in Dubai had dropped in 2017 due to changes in global economy - impacting investors, the interest to purchase properties in Dubai has remained strong. With major international tradeshows and exhibits coming to Dubai, it attracts business people, tourists and visitors from around the globe. In 2020 the World famous Expo will be hosted at Dubai attracting a flurry of businesses and people. The real estate industry is already buzzing with excitement at this news. There will be plenty of opportunities to showcase Dubai as a world class city with great business opportunities, top notch amenities and entertainment for investors to watch out. The hospitality industry, retailers and realtors are all looking at the sunny side of visitor influx in Dubai at end of the decade.
To conclude, Dubai is not just the “shopping capital” of Middle East or a ‘tax free’ haven. Dubai has so much more to offer, not just to stars and celebrities, but people from every background who find their way into the city. Dubai offers a lifestyle, luxury and comfort that is true of a great metropolis.
If you are someone who works, lives or visits Dubai with your family and looking to invest on a villa in a great neighborhood, don’t hesitate to contact one of our real estate agents at www.myvilla.com.