DUBAI INVESTMENTS BOOM: TOP 3 MEGA NEW PROJECTS IN REAL ESTATE INDUSTRY

2022 was a challenging year, and the world faced lots of economic issues amidst the geo-political tragedies that the planet has been seeing for a while now. The global market has become more than volatile, but regardless of the direction that it could take, one thing is for sure – Dubai is one of those safe havens which continue to shine amidst all this. Here, freedom is still an essential word that people live by and where the rights of citizens are still represented.

Dubai is an excellent haven for the whole real estate market, and property investments are now a choice for more and more people abroad.

BEST INVESTMENT OPPORTUNITIES

One exciting thing that is worth mentioning is the fact that in the second half of 2022, there are a lot of projects that come from developers in the Emirates who are making quite a strong impact all over the world.

Here are four impressive residential projects in quite an affordable price segment that will definitely be of high interest to both beginners and experienced investors interested in buying properties.

All these projects offer first-class designs in different variations of floor plan areas, and they can all become excellent places for personal residences but also as investment assets. All this is primarily due to the well-0developed social infrastructure and the advantageous location in freehold areas. They are also located near luxury restaurants, hotels, and popular attractions.

MAIN ADVANTAGES OF INVESTING IN THE DUBAI REAL ESTATE MARKET

The Dubai real estate market is rapidly growing, and this is quite a big thing considering the fact that the world is in the middle of a vast crisis these days. Foreign buyers are making the best out of these opportunities, and they see the excellent investing environment that Dubai has to offer.

There are a lot of advantages of property for sale in dubai, and the most important ones include the following:

• No income tax for individuals
• A really favorable tax environment
• A return on investment at 6-9%
• The possibility of obtaining an investors VISA for 3,5 and 10 years
• The minimum investment threshold is only AED 750,000 (USD 205,000).

The government of Dubai is developing new strategies to attract more international investors. There is also a massive advantage that is loved by crypto enthusiasts – the possibility of buying items with digital assets. This is extremely important because, in 2022, crypto has become synonymous with financial freedom. With the help of crypto, real estate related-transactions are now more transparent, and visa issuance will also become more flexible, covering more than ten types of entry visas. Just in case you didn’t know, there is a visa reform in Dubai that was approved by the UAE Cabinet of Ministers back in April 2022, and it should come into force this month.

The UAE has become the best place for both investment and permanent residences. The nation has already taken the first position in essential factors such as housing, bureaucracy, professional prospects, digital life, healthcare, language, security, job satisfaction, labor protection, leisure, and so on.

THE MOST EXCITING REAL ESTATE PROJECTS IN DUBAI

Here are some of the most exciting projects that Dubai has seen lately in the real estate industry, and that will probably attract more and more investors are we speak.

Binghatti Luna

This is one of the most important projects in Dubai at the present time. It’s a residential complex by Binghatti Developers, which is situated in the freehold area on Jumeirah Village Circle. There are 20 storeys in the building, and the total number of residences that are currently for sale here is 212. The properties include apartments with 1 to 3 bedrooms, and the living areas range from 613 sq. ft to 1,485 sq. ft.

People who will be living in this complex will be able to enjoy the high quality of premium amenities such as outdoor swimming pools, gyms, secure parking, and an amazing shopping area that’s situated on the podium floors. The development of this complex will be located near Sheikh Mohamed Bin Zayed Road. People who will become the residents of this complex will be able to easily reach important places within the emirate. This can be done by car and public transport. There are a lot of supermarkets, parks, cafes and restaurants which are reachable in 16 minutes. The project is set to be done by 2023.

Oakley Square Residences

This is the second important project in Dubai that we have mentioned at the moment. The Oakley Square Residences is the new residential project from the Ellington Properties developer, and needless to say, it’s a really important one that’s in the works at the moment. It’s set to be over in 2024, and a lot of people cannot wait to become its residents.

The complex will have to offer 269 residential units, and these will include studios and apartments, which will boast 1 or 2 bedrooms. According to official data, the floor plan areas of these units range from a compact 409 sq. ft to really spacious ones that measure 1,518 sq. ft. All these properties within this impressive complex will come with private balconies and panoramic windows. It’s also worth mentioning the fact that some of the apartments will be supplemented with offices, and this is really important for firms.

Meydan One

This is the third project that we are mentioning and is another upcoming under-construction project in Dubai. This one is also very promising and highly much-awaited. It will include commercial, residential, and lots of entertaining attractions that are set to impress everyone with their top-quality standards.

This impressive project will include Meydan One Tower. This is another one of the new residential buildings in Dubai.

It’s also important to note that this is home to the most anticipated destination, Meydan One Mall. An excellent piece of information is that it will boast the longest ski slope in the world.

People who will choose to live here will be able to enjoy the longest dancing fountain in the world. It will have a height of 380 meters.

These are only some of the few main attractions for investors from both Dubai and worldwide that are set to highlight the fact that Dubai is already an essential hub for real estate enthusiasts all over the world.