Buying an Apartment in Dubai: Why it’s worth investing in 2023?
Living in a cosmopolitan city like Dubai is the dream of many who come here. Establishing a home that is your own is something that anyone who’s lived here for a long time or is planning to will want. It’s important for potential home buyers to choose the right kind of property and look into the neighborhoods that are most likely to produce good returns. Buy apartments in Dubai, a place where you can live the life you want in an urban environment without having to worry about being too far from your family or home is a great choice.
Palm Jumeirah, Downtown Dubai, and Dubai Marina are popular places for expatriates looking for apartments. They offer high-end and luxurious apartments with opulent features and fittings. There are more affordable options available in areas like International City, JVC, Liwan, and Dubai World Trade Center.
In the year 2022, there was a significant increase in Dubai’s apartment sales, with Betterhomes seeing a 64% increase in sales. The 2020s have been a time of significant change in Dubai and we are seeing some of the strongest signs yet of this trend continuing. There is significant momentum behind apartments in Dubai and we expect this momentum to continue. The rise in the number of people looking to build a permanent base in one of the fastest developing cities in the world is proof that it is an ideal market.
Luxury Apartments For Sale In Dubai
Gyms, swimming pools, convenience stores, pharmacies, parks and open spaces are some of the essential services and amenities found in apartment communities in Dubai. People who live in apartments prefer to live near busy shopping and social areas, rather than isolated parks. Many of the top retail developments are located in the heart of downtown areas, near busy shopping and retail centers, so that residents can enjoy a healthy lifestyle with work and play.
Studios, duplexes, and flats with single or multiple bedrooms, as well as furnished, semi-furnished, and unfurnished apartments are all available to choose from, no matter what your preferences are.
Apartments for sale in Dubai
As the largest city in the United Arab Emirates, Dubai has become an important financial center, world-renowned shopping destination, and tourist hotspot. Dubai is a great city for investors, especially those interested in the tourism industry, as it’s known for its amazing infrastructure, world-class architecture and international airports, high returns, and free trade zones with the tax-free policy attract thousands of investors and tourists every year.
Many people choose this city to build and develop their careers, increase their earnings, and improve the quality of their lives. If you want a thriving career in real estate, consider this city. This city is full of opportunities to work for yourself and improve your lifestyle. The Dubai real estate market is booming right now. More than 80% of the real estate market is occupied by foreigners, making it the perfect destination for those who wish to invest or live abroad.
Apartments to buy in Dubai, United Arab Emirates
Dubai’s real estate market offers many different options to choose from. The city has a wide range of options for apartment living. From studios to lofts, penthouses, and full-floor units, the city offers all types of choices for all budgets.
Foreigners are allowed to own houses in special designated areas – freehold areas. You’ll own your own property outright, and will have the right to live there for the rest of your life.
Dubai’s most popular foreigners freehold areas include:
- Palm Jumeirah
- Downtown Dubai
- Dubai Marina
These are the most expensive luxury apartment options in the best developments and include record-breaking skyscrapers such as the Burj Khalifa.
Looking for something more affordable? Look at apartments in Jumeirah Village Circle, International City, Town Square, and Liwan.
- If you’re going to be living in an area for some time then you should consider renting an apartment in a leasehold area.
- If you’ve already got an established eCommerce business, a new product idea, or just a passion for selling, here are a few things you need; Once the lease expires, the property is returned to the freeholder (a GCC or UAE national landlord), and the term is extended, usually until the end of the lease.
Apartments in Dubai are usually sold as Commonhold properties. This type of property is usually owned by a private company and investors don’t have an interest in maintaining common areas. They only come to collect their rent. This usually means the owner of the building/developer collects these fees.
Dubai investment apartments
Whether your apartment in Dubai is furnished or unfurnished depends on how much rent you are willing to pay and the type of apartment you’re looking for.
It is very unlikely to find the highest return on investment in any of these three locations.
A 5.4% return on investment is typical for apartments in Downtown Dubai, Dubai Marina, and Palm Jumeirah.
Buy apartments in Dubai, UAE at Ax Capital
If you are looking for an apartment for sale in Dubai, then you are in the right place.
Get a free consultation from our knowledgeable real estate team. We’ll walk you through all the steps of getting your home ready for sale or rent.
Your best bet for finding a new apartment is with Ax Capital. You are guaranteed the latest apartment deals.
Our real estate agency in Dubai provides a comprehensive set of top-quality real estate services, including paperwork assistance and assistance with applying for a mortgage.
Your property deal must be legally sound and must be completely transparent.