Investors choose to live in Palm Jumeirah because this residential complex consists of premium apartments with the best flat prices in Palm Jumeirah and a limited collection of townhouses. The apartment area in the residential complex is 493 m2. The project will be commissioned in the II quarter of 2025, so 2023 apartments in Dubai can be purchased at a profit. Renting apartments in the residential complex, you can get a good income.
Why Dubai?
Experts identify some reasons:
- The city never stops the flow of tourists and migrants.
- Property registration is fast here, which minimizes potential risks.
- Prices for apartments and villas in Dubai in the metropolis are low, and residential properties are high quality.
- Real estate has a high yield.
World famous resort
The metropolis is a year-round tourist destination for families, alone or with friends.
The city has 345 days of sunshine a year. It is warm here both in summer and in winter. Precipitation is rare. The temperature of seawater off the coast in spring, summer, and autumn does not fall below 25°C. In winter, the water temperature drops to 20°C. You can swim in the sea here for at least all 12 months of the year. This attracts tourists and migrants, who comprise most of the city's tenants.
Housing with a transparent title
Dubai has a developed and transparent legislative framework in the field of housing. In specially designated areas, foreigners can buy real estate in the city in full ownership. Housing is registered for a new owner on the day the seller, buyer, or their representatives apply to the Land Department. The buyer immediately receives a certificate of registration. The speed of accounting minimizes possible risks, both on the part of the buyer and the seller.
Quality housing at an affordable price
The cost of housing in Dubai is less than in Europe. Prices per m2 of a ready-to-move-in apartment in popular tourist areas on the seafront in Dubai start at $2,000. Apartments on the island of Palm Jumeirah can be bought for $2,500 per m2. The average cost per m2 of housing in Europe is $3,800.
With a relatively low cost of objects, apartments and villas in Dubai are rented out by developers with a fine finish, furniture, and household appliances. All residential complexes have car parking; most have swimming pools, saunas, gyms, playgrounds, and more.
Profitable housing
More than 90% of Dubai's population are migrants. Not all of them can buy an apartment or a villa here. Most expatriates rent accommodation in the city.
The rental market in the metropolis is very developed. Local residential real estate is very popular with tenants, which makes it attractive to investors.
Real estate in Dubai brings a good income to its owners. The yield varies depending on the type of housing and is 5-10% per year. Often, apartments in a residential complex have higher profitability than detached houses. Read more on the official website https://emirates.estate.
Buy an apartment for a holiday with a family in Dubai
Before buying an apartment for families with children in Dubai, many people want to understand the differences between staying in a hotel and living in their apartments. And although, at first glance, the difference is obvious, let's look at it in detail.
In addition to the stove, on which you can cook lunches and dinners, there is also a large refrigerator in your apartment. You can store overstocked foods, so they don't go bad. Hotel rooms only sometimes have such convenience, and if the refrigerator is still there, it is usually small, and you can only buy a little food that should be kept cold. If you come to Dubai with children or a large family, staying in an apartment to cook full lunches and dinners is better.
To stay in a hotel room in Dubai for a few days, you will have to pay a considerable amount because, as you know, staying in hotels here is expensive. If you come on vacation with the whole family, you need to rent a large room, which will result in a round sum for tenants and may contribute to the fact that you will incur unplanned expenses. Owners of apartments in Dubai can come here to relax without considering spending on hotel rooms because they will only pay for utilities.
The benefits of spending holidays in a home you own are enough, so many people buy apartments for family holidays in Dubai
The aggregator site will help you buy an apartment for a holiday with your family in Dubai
Emirates.Estate has selected the best offers for selling property in Dubai. The portal has a convenient form for finding apartments. You can find an apartment by selecting the housing parameters you need: its type, price category, location, area, and so on.
