Are you one of the more than 200,000+ new arrivals to Dubai this year? Dubai attracts expats from around the world looking for a more attractive lifestyle with gorgeous homes, high salaries, and low taxes. The housing market in Dubai has continually grown, with the 2022 total of real estate sales in Dubai reaching a staggering $35 billion dollars, shattering all recent records. When you make your move to Dubai, consider making a permanent investment in the area by purchasing a property – why?
Why You Should Invest in Dubai Versus Rent
While renting does seem attractive to expats who are looking to try out the area for a short period of time to decide if they want to make their move permanent, investing in the Dubai real estate market now might be one of the most intelligent choices you can make. It’s no secret that Dubai is known for its booming real estate sector with world-famous projects that draw in millions of tourists each. These fantastic buildings include the Burj Khalifa, Palm Jumeirah, and many more. With the current shift in Dubai’s financial infrastructure moving from a tourist destination to a global economic powerhouse, the need for housing, both short-term and long-term, is only going to go up.
What The Dubai Lifestyle Looks Like For Everyday Citizens and Tourists
Dubai offers residents and tourists alike a new experience every day. Often renowned for its perfect balance between the city and the seaside, Dubai allows you to go right from shopping or work to the sandy beaches to enjoy the hot sun and refreshing waters. Food is not just an attraction in Dubai – it’s a lifestyle. The food scene in Dubai is unlike anywhere else in the world; with over 80% of the population being expats, they have taken their local foods and brought them to Dubai for the world to share. Traveling in and out of Dubai is as easy as showing up to the airport with your bags and jumping on the next plane. Dubai’s airport allows you access to nearly every other major city in the world. These are just a few among the many benefits and defining lifestyle factors you will encounter in Dubai if you choose to make it your home.
Some of Dubai’s Most Coveted Communities You Can Join
With a seemingly endless list of options for housing and communities, the question many new homeowners and investors to Dubai ask is, “What community is best for me to purchase in?”. Below you will find a list of arguably some of the best communities to join in Dubai right now.
- Emirates Hill: With breathtaking panoramic views of the Dubai skyline, Emirate’s Hill has been described as Dubai’s Beverly Hills. The prime location includes designer homes, lush greenery, and stunning landscaping around the manicured golf course. This neighborhood is comprised of the first freehold properties in Dubai, meaning that as an owner, you can design your home exactly as you desire.
- Sobha Hartland: Perfectly located near the Dubai Canal, this luxury development is gaining popularity for its unique architecture style and designer finishes you won’t be able to find elsewhere.
- Jumeirah: Luxurious high-end living located within one of the most enviable destinations in all of Dubai. The affluent development combines a wide variety of residential options with waterfront residences, high-rise buildings, and ultra-luxury apartments. The development is located nearby numerous unique attractions, high-rated restaurants, and entertainment. Jumeirah is divided into Jumeirah 1, 2, 3, City Walk, and the recently launched Jumeirah Bay Island. Pet lovers will rejoice in the calm surrounding where you can walk and jog with your furry friends in public spaces or in private backyard areas.
- Al Barari: Named one of Dubai’s greenest areas, both in landscaping and in overall building conception and design, this opulent development offers a neighborhood gated from its surroundings known as The Residences has 216 villas. These four residential developments are designed in unique styles, incorporating plenty of natural materials and featuring beautiful gardens, pools, and other water elements. Al Barari is currently in the midst of crafting four new residential ventures: The Nest, Seventh Heaven, The Reserve, and Ashjar. The luxury community offers private sections and clubs, including the Heart and Soul Spa, the Body Language Health Club, The Well, and The Farm, to its residents and their guests.
- District One: An extravagant development drafted to harness natural sunlight, these glamorous villas offer residents easy access to Downtown Dubai, the Business Bat, and the Burj Khalifa. All of these villas offer floor-to-ceiling windows, vibrant architecture, and artistic finishes.
- Dubai Hills: The pinnacle of sustainable luxury, the Dubai Hills offers residents villas with lush greenery, themed garden spaces to wander, and freshwater streams to enjoy. State-of-the-art technology has been infused into each home, allowing you to control many of the features of your home from the touch of your finger on your phone. The Dubai Hills is well known for its environmentally friendly features. Stunning skyline views and close proximity to shopping.
Final Thoughts on Investing in Dubai in 2023
The hot real estate market in Dubai shows no signs of slowing down. With a global rise in individuals making the shift to becoming expats, those seeking to live in new areas, and Dubai emerging as a global financial powerhouse – there has never been a better time to make Dubai your home. Dubai has gained the attention of global investors looking to make a profit in this rising city. Our advice to you if you’re new to Dubai, is to make a trip to our wonderful metropolitan community and see for yourself how amazing your life could be here. We look forward to helping you find the perfect home in the neighborhood best suited for you and for your Dubai lifestyle.
For more information on setting up a private meeting with one of our agents, or to tour a property that has caught your eye, please contact ACE Capital Realty to be directed to a member of our dedicated and well-trained team.