The attractiveness of UAE real estate for foreign citizens is due to several factors: the absence of taxation in the country, the year-round holiday season and relatively low prices for apartments and houses compared to European resorts.
The cost of housing in the UAE is very low, even taking into account the fact that residential and commercial real estate is sold here on a turnkey basis - with full interior decoration, conducted by electricity and water, and equipped with the necessary built-in furniture and appliances. Given all of the above, it is not surprising that in recent years there has been a steady increase in demand for housing and offices in the UAE.
Dubai Coast: make your dream come true
For people seeking the very best and the most expensive, Beachfront Living offers in the fashionable Dubai Waterfront project should be to your taste, because this accommodation is located along the coastline. Kilometers of sandy beach and panoramic sea views are not all the advantages of this paradise.
Beachfront Living is a modern, exclusive luxury building with the facilities of a 5-star hotel with its own private beach. The 43-story-high house is located on the first coastline of the Persian Gulf, within the Dubai Waterfront area, where real estate is sold on a freehold basis. The beach border of the building is much wider than that of the neighboring buildings, but narrow enough so that it can be used to build an unplanned building in front of it. Another advantage of the project is its angular location, the boundaries of the building are determined by a green park, playgrounds for children and fountains.
The unique layout of the building allows all apartments to have 100% sea view by increasing the number of elevators and inter-apartment corridors. Thus, each apartment has its own access to the elevator, that is, only one apartment is located on the site.
The view from the windows from the north-east to the west is on the island of Palm Jebel Ali and the open sea. So, buyers will have the opportunity to purchase an apartment with panoramic views of the sea and sunset on one side, and on the man-made island Palm Jebel Ali - on the other.
The conceptual feature of the building is the maximum sea view from the windows of all apartments. To achieve a greater effect, the balcony partitions were made transparent, of specially made glass, which does not complicate the look. Balcony doors along all the walls facing outward will not only open, but also as if assembled around, balcony thresholds are also absent - all this makes the terraces a monolithically visible extension of the rooms. Thus, sitting on the sofa in the living room, you can enjoy amazing views of the sea, as if you were in an open area above the sea and the beach. The apartments in the building are fully furnished and have VIP appliances in the kitchen.
All prices offered by the Beachfront Living project are lower than the prices of the developer, as the property is put up for sale by a large investor who bought the property in the pre-launch stage. Residents are offered a choice of 1-bedroom apartments with an area of 129 square meters. m, 2 bedrooms - 199 and 242 square meters. m, 3 and 4 bedrooms, an area of 405 and 462 square meters. m respectively. The average price per square meter in this project is US $ 8800, which is 45% cheaper than when buying directly from the developer. By purchasing apartments here, you conclude a contract directly and only with the project developer company.
The location of Dubai Waterfront allows Beachfront Living to be close to the city’s main transport arteries. Located between major highways, the area provides convenient access to Abu Dhabi from the west and Dubai from the east. Thus, the building itself is located in close proximity to the centers of international trade and industry, Jebel Ali International Airport and the adjacent free economic zone.
Accommodation in format: Discovery Gardens area
Until recently, it was difficult to choose real estate to your liking and "affordable" in Dubai. The choice was not simple: either buy a luxury villa in Jumeirah that will be pleasing to the eye, or dwell on a less expensive option for renting an apartment for long-term lease on the basis of leasehold. Today in the real estate market there is a project that meets both criteria of discerning buyers.
Apartments in the Discovery Gardens area are one of the most popular residential properties for foreigners - both for their own residence and for renting - they have a lower maintenance cost compared to villas and luxury apartments, for example, in the Dubai Marina area.
The residential complex of this project includes mid-rise apartment buildings, the design of which echoes the cultural characteristics of some countries. Inside the complex are reflected the legacy of the Mughal era and the culture of Zen Buddhism, Central American, Mediterranean and modern styles, there is even a green cluster "Cactus". In general, the project is unique and has no analogues in the world. This is a real "blooming garden", filled with the traditions of landscape art of various cultures from all over the world. Here you can easily recognize the calm park landscape of Buddhist monasteries, parks of the Mediterranean countries, the traditional gardens of Latin America and the East, and even cactus gardens.
The apartments in the complex successfully combine prestige and convenience. The sports complexes, tennis courts, pools, a supermarket provided in the area make the Discovery Gardens infrastructure complete, made in the same architectural style and with the appropriate landscape design.
Homeowners will appreciate the atmosphere of complete tranquility and comfort in this small cozy town in the center of Dubai. The Discovery Gardens project includes 291 residential buildings, and 30% of the total area of the complex is reserved for parks and gardens. The area is well located between the two main highways - Sheikh Zayed Road and Emirates Road, which makes it possible to quickly get to any part of the city. The nearby Jebel Ali Free Economic Zone is a great addition to those who are active in business.
Housewives and vacationers will be able to use the services of shopping and entertainment centers in the Jumeirah region, as well as the large Ibn Batuta Mall. If you need to be able to stay in Dubai with a resident visa, then Discovery Gardens is an ideal option for buying an apartment. Studios ranging from 43 to 52 square meters. m, apartments with 1 bedroom - from 81 to 90.5 square meters. m. and with 2 bedrooms - from 129 to 153 square meters. meters in this famous and prestigious project, already put into operation, you can buy in the secondary market without interest and overpayments. Price range - from US $ 122340 for a small studio and up to US $ 435450 for an apartment with 2 bedrooms.
Offices in downtown Dubai: an effective investment in Armada Towers in the Jumeirah Lake Towers area
Private investors from all over the world, including many of our compatriots, are eager to acquire commercial real estate, thereby profitably investing their capital in grandiose projects and dynamically developing infrastructure of Dubai.
According to investors, the commercial real estate market in Dubai has many positive points for capital investment. In particular, inflation is very low, in addition, local banks are now much stronger than Western banks, which gives confidence in the stability of long-term projects. Despite the crisis, the Armada Towers complex remains a project in which investors are invested, confident in the effectiveness of long-term investments. The project is a complex of 3 high-rise buildings surrounded by lakes and offering luxury apartments and offices. Two residential and one commercial building make this project a unique place to live and do business. On the lower floors of the buildings are shops, restaurants and cafes.
There is an acute shortage of commercial buildings in the city. In addition, the Jumeirah Lake Towers area, in which the Armada Towers complex is located, is a free economic zone. Free economic zones have all the advantages for creating offshore companies. However, the enterprises registered here are not classified as offshore, which undoubtedly raises their status. Among the advantages of free economic zones (SEZ) I would like to note the following: 100% ownership of the business of a foreign company; simplicity of registration procedure; exemption from all customs duties; lack of state control over the amount of profit received; lack of currency restrictions and income tax; lack of restrictions on the hiring of foreign workers. Therefore, with confidence we can assume how profitable it will be to invest in Armada Towers.
Offices on the 29th floor are offered for purchase at 100% ownership. The area of offices is from 95 to 131 square meters. meters, the cost is from US $ 448454 to US $ 618126 per office. The project has already been completed, so you can use the offices and rent them out now. Rental price - US $ 55-68 per sq. foot per year, which is up to 15% per annum of the cost, plus capitalization of the value of the property.
You can get acquainted with these and other projects in the UAE in more detail on the website of the IMEX Real Estate Broker - www.imexre.com. Our site is dedicated to the real estate market of the United Arab Emirates. If you want to buy or sell a house, land or apartment, or you are interested in commercial real estate and retail space, our specialists will help you choose the best option and navigate the UAE real estate market.
