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Where to buy premium housing in Dubai

11.09.2019
Luxury real estate in Dubai has decreased in price by 20 per cent in 5 years. Read more for where in Dubai areas one can find the most attractive premium housing prices.

Recently, the imexre.com portal wrote that, according to the Savills World Cities Prime Residential Index (for the first half of 2019), luxury property prices in Dubai have decreased by 20 per cent over the last five years, primarily due to the large influx of new residential units, which makes the emirate the third most affordable city in terms of high-end housing pricing.

The report further indicates that Dubai is the fourth largest global center for return on investments (4.6%) when it comes to rental profitability.

“Now it’s much more easy to buy prime residential properties in Dubai due to lower transaction costs and generally lower prices compared to other major global cities,” says Swapnil Pillai, luxury real estate specialist from Savills. “In addition, high rental returns mean that long-term-sighted investors can reap high annual returns.”

According to Property Monitor, more than 198,246 new residential units are expected to be delivered in Dubai by the end of the current year. This includes 22,728 apartments, 6,410 villas and 6,050 townhouses.

As for the specific and most promising high-end projects, the first developer to enter the market with his ready prime housing will be the Alef Group: “It is expected that the W Residence (The Alef Residence) project on Palm Jumeirah will make this year,” said Michelle Laddiard, premium housing specialist at Luxhabitat. “This is one of the most luxurious buildings in Dubai, consisting of mansions, with unlimited sea views and a huge footage.”

Other new elite housing projects that investors should pay attention at include SLS Dubai Residences, a luxury residential complex in Marasi Drive that is scheduled for completion in Q3 next year. Citing high demand, the Wow Red developer behind the project says it expects rental yields of up to 8% per annum for this properties, as well as significant capital growth in the medium term. The developer also offers interest-free installment payments for 7 years after project’s handover. In addition, according to the developer, “SLS Dubai Residence boasts the largest selection of apartments with different layouts and types in one tower.”

In addition, the list of the most interesting for investors premium real estate projects, in which you can buy residential high0end units, also includes such “super-premium” projects as Royal Atlantis on Palm Jumeirah, as well as projects on the first beachfront line near Dubai Harbor, adjacent right to Dubai Marina and Dubai Creek Harbor, but not far from the famous Ras Al Khor Wildlife Sanctuary. And, in the center of Dubai, the Downtown area, such projects include soon-to-be-delivered Il Primo and Opera Grand, located next to the impressive Opera House, and Fountain Views, which was handed over just the other day.

To always stay up to date with the latest analytics data and real estate prices in Dubai, subscribe to our newsletter using the form below. And in order to sell, lease or buy/ rent housing or commercial properties in Dubai, contact IMEX Real Estate. Our contacts:

Tel. in Dubai, UAE: +971 (50) 2528188 (Whatsapp, Viber, Telegram)

Toll Free Dubai: 800-IMEX (800-4639)

IMEX REAL ESTATE BROKER LLC, UAE

Office 2502, Marina Plaza, Dubai Marina, Dubai, UAE

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