Real estate in Dubai has, for several years, shown a steady increase in prices, demand and supply. As per the Government of the Dubai Media Office (GDMO), there were 122,658 real estate transactions worth AED 528 billion (USD 143.75) in 2022. The year-on-year growth was 44.7% in terms of quantity and 76.5% in terms of value. The average price of Dubai properties increased by 8.5–23%, depending on their type and status. The trend is continuing in 2023 as, according to the Dubai Land Department (DLD), there were 9,020 sales transactions worth AED 26.7 billion (USD 7.27 billion) in February, the highest recorded figure for this month. High levels of security, excellent living conditions, developed infrastructure, proximity to the sea and soft tax legislation attract qualified workers, businessmen, investors and tourists to the city, stimulating the demand for housing. The emirate is currently home to around 90% of expats.
Distinguished for its towering skyscrapers, opulent lifestyle, and thriving economy, Dubai has evolved into a compelling magnet for investors in search of lucrative opportunities within the realm of real estate. The city’s allure extends not only to local but also international buyers, with the collaboration between government and businesses playing a crucial role in attracting investment to the city. This makes it imperative to scrutinise the various aspects of investing in Dubai’s property market before embarking on this potentially rewarding venture.
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One of the world’s fastest growing economies and real estate markets.
The Prestigious Business Bay, Dubai
From world-leading developer, Binghatti and world-renowned jewellery and watchmaker, Jacob & Co comes Burj Binghatti. Once completed it will be the tallest residential tower in the world, adding another icon to Dubai’s skyline. This one-of-a-kind hyper-tower will be topped with an actual crown of diamonds, designed by Jacob Arabo himself, and will reflect the luxury and elegance of the apartments within.
7 mins from Dubai Airport, Dubai
Azizi Venice, positioned in Dubai South, is a 136-hectare development holding one of the largest lagoons in the world. This waterfront paradise holds boulevard apartments, a mansion island, a clubhouse, a five-star family hotel and a lifestyle hotel. Only a 7-minute drive from Al Maktoum International Airport and 15-minutes from the Palm makes it an ideal place to invest.
Dubai Sports City, Dubai
Dubai, brace yourselves for a splash of grandeur because Azizi Development just unleashed the epitome of high-end living – Grand Apartments in Dubai Sports City! This isn’t just a residential building; it’s a symphony of luxury and convenience, and you’re invited to the front row. Azizi Grand boasts a staggering 431 apartments, each a haven of luxury. With 238 studios, 140 one-bedrooms, and 53 two-bedroom units, you’re spoiled for choice. It’s not just living; it’s living in style!
Jumeirah Village Circle, Dubai
Amber is an incredible new site from one of Dubai’s most renowned developers, Binghatti. Located centrally in Jumeirah Village Circle, it enjoys the stylish and relaxed vibes of the area whilst also allowing tenants to be in Dubai Marina in a matter of minutes. Binghatti Amber is packed full of state-of-the-art amenities that will satisfy all leisure and lifestyle needs of tenants. But should the tenants be in need of anything, then Jumeriah Village Circle and the surrounding area will be sure to have anything else.
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