All of the above projects are at the early development stages, so their prices will increase as the construction progresses. The difference in value between the start of sales of off-plan properties and the project commissioning may eventually reach 20-30%, so buyers who close the deal now can resell their property in 2-4 years and make a significant profit.
It should also be taken into account that property prices grow actively in Dubai, and this is a long-term trend that is particularly prominent in the case of premium homes. The average prices grew by 9-23% in 2022 depending on the property type, but the growth in prestigious communities reached 100%.
This is also true for rentals. They increased by 9-14% on average and by 50% in high-end locations.
Buying real estate in any of these residential complexes also makes the buyer eligible for a two- or five-year UAE residence visa that can be renewed.
Related posts:
Choosing the right property developer is a pivotal step in realizing your real estate aspirations.
Dubai is a dynamic and multicultural metropolis that offers a variety of residential neighborhoods suited for different lifestyles.
SELECTING THE IDEAL PROPERTY DEVELOPER: A GUIDE
TOP WATERFRONT RESIDENTIAL COMMUNITIES IN DUBAI
THE BEST RESIDENTIAL NEIGHBORHOODS IN DUBAI
DUBAI: EVERY HOMEOWNER'S DREAM DESTINATION
DUBAI'S MOST EXPENSIVE PROPERTY FOR SALE, UP TO $204 MILLION