When buying real estate abroad, each investor invariably raises many questions. First of all, it is necessary to determine exactly what the "house of your dreams" will be: in what area it will be located, how many bedrooms will be in it, what is the total area of the apartment or villa. finally, how much do you plan to meet? And this is only part of the questions that you must answer with us, KENSINGTON Finest Properties International, your trusted international real estate consultant, managed by German owners. Only after that we can use our experience and knowledge in order to search for a home ideal for living and investing.
Other important factors include thorough study and analysis of the market, evaluation and determination of various options, proper time planning and necessary contacts. When buying a "house of your dreams", an apartment for a vacation, or investing in real estate located abroad, you must understand and take into account local rules and legislation governing the ownership of property in this particular country.
Our article today is dedicated to choosing the optimal area for living in Dubai, including those that are already in greatest demand. Everyone knows that the real estate market in the most beautiful emirate is a whole ocean of opportunities: you can live here near the beach, and not far from major shopping centers, and in the shade of gardens away from city noise. It remains only to prioritize correctly.
Downtown Dubai
Downtown Dubai is an excellent place to stay if you are attracted to the vibrant atmosphere of a modern city. This is one of the most popular and attractive residential areas. With such famous sights as the world's tallest Burj Khalifa skyscraper, prestigious hotels of famous brands, world-class restaurants and the world's largest shopping center The Dubai Mall, Downtown Dubai compares favorably with other areas of the city and demonstrates the pace of development of the Dubai real estate market and everything Emirate as a whole.
When the market was on the rise, the most significant argument for moving was the affordability of real estate, but now the situation has changed: even taking into account the fact that prices have been constantly growing since the third quarter of 2012, demand for the Downtown Dubai area is increasing. People moving to the best areas, such as Downtown Dubai, are looking for amenities and services of a higher level, beautiful views, proximity to their place of work and social infrastructure, so the trend of rising real estate prices continues. The main factor is the quality of life, and throughout Dubai you can observe that the choice of people is shifting towards the premium class buildings that have appeared on the market. Downtown Dubai today is in demand, as many young couples and professionals are looking for a convenient location and pleasant environment.
The palm jumeirah
Those people who prefer to live in a house with their own access to the seashore will prefer The Palm Jumeirah, the largest man-made island in the world. The Palm Jumeirah Island consists of a “trunk”, 2 kilometers long; "crown", including 17 "branches", and the surrounding "crescent", a length of 11 kilometers. On this unique island there are magnificent hotels and residential complexes, in particular, the world famous hotels Atlantis The Palm, The One & Only The Palm, Kempinski Residence, Fairmont The Palm, Shoreline and Golden Mile residential complexes, as well as exclusive Signature villa complexes and Garden Home. All these facilities have access to the coastline, private beaches, shops, restaurants and entertainment complexes.
The general developer of The Palm Jumeirah, Nakheel, has recently begun construction of the Community Center, which includes a multi-story shopping center, restaurants, a park, and entertainment facilities. A grand tourist attraction, a unique creation of our time and one of the most unusual projects in the world, The Palm Jumeirah Island is an excellent choice for private or corporate investors. The apartments of Club Vista Mare, the last Nakheel property on the island presented by the developer a month ago, were sold out in just 48 hours.
Dubai marina
Facilities located on the coastline are in maximum demand today, and the Dubai Marina area, with its special lifestyle, has become one of the most prestigious in the world. One of the largest and most carefully planned areas of this level in the world, Dubai Marina offers you a lifestyle full of brightness, dynamism and luxury, combined with the benefits of living on the coast. Great views of the harbor and the sea. Dubai Marina is one of the most popular areas for living and for tourists, thanks to the countless restaurants, walking paths near the water, yacht clubs, shopping centers and boutiques, which create this chic and unique lifestyle.
Emirates living
If you prefer to live in your own house with a beautiful garden, in a quiet, peaceful place, then the Emirates Living area would be the right choice. This area is surrounded by green territory and lakes, among which there are residential cottages and houses. It is located between major highways, close to business centers such as Dubai Media City, Dubai Internet City, TECOM, and just a short drive from The Palm Jumeirah and Dubai Marina. And at the same time, Emirates Living is the most peaceful and comfortable residential area in a cosmopolitan city like Dubai. The area includes several blocks - Emirates Hills, The Lakes, The Meadows and The Springs. The most famous and most exclusive neighborhood in Emirates Living is Emirates Hills. Often referred to as "Beverly Hills of Dubai", this neighborhood is a world-class project, the epitome of wealth and beauty. Individually designed private villas surrounded by lush vegetation and green lawns at Montgomery Golf Club.
Successful businessmen, celebrities, and politicians live in the Emirates Hills neighborhood. The Lakes, The Meadows, The Springs neighborhoods set the tone for family life in Dubai. Residential houses here are designed for 3, 4 and 5 bedrooms, there are community centers, shops, schools, playgrounds, swimming pools, corners for families and barbecue areas, bicycle areas, parks and lakes. Emirates Living is within easy reach of Downtown, Dubai Marina, The Palm Jumeirah, and Dubai International Airport.
We cited as an example those areas that are most in demand and which can be considered when deciding where to buy real estate. Now let's look at the market as a whole, the economy of Dubai and its current state in terms of potential investment and the acquisition of new housing.
A study of the situation over the past few months allows us to make an obvious conclusion that the Dubai real estate market is again on the rise, and prices, since mid-2011, have noticeably revived, and in some areas of the emirate even reached the pre-crisis level. Although the Dubai economy is still in a recovery phase, GDP growth in 2012 should reach 4.5%, which is explained by significant progress in the leading sectors of the economy: tourism, trade, real estate, retail, hospitality and logistics. Official sales indices show that the residential real estate market as a whole is going up, with the average price increase at an annualized rate of 14%, compared with August 2012. The residential real estate market is clearly on the path to recovery, with a simultaneous improvement in sales indices and rental rates. Key factors are the location and quality of the investee.
These general trends will continue to be supported by the government, whose measures are aimed at making the Dubai property market one of the most stable in the world, with an exceptionally transparent system. These measures include, among many others, the registration and training of real estate agents, the official registration of real estate by the Dubai Land Department with the issuance of a registration certificate, the establishment of homeowner associations, and the adoption of new laws and regulations that protect investors and homeowners. Dubai was able to attract people from all over the world and is not going to stop there - now there are much more visitors than in Rome or New York, and its rating among the most important cities in the world is steadily growing. Many call this emirate, an important center connecting the East with the West, "Switzerland of the Middle East."
Buying or selling a home in another country is one of the most important financial decisions for most people. In order to save time and effort, and not be deceived, it is extremely important to find the right agent, fully understanding the needs of the client and professionally guided in the process of acquiring real estate. This will ensure a safe and secure transaction.
Our team of professional real estate agents is committed to providing the highest quality services. Professional erudition and thorough knowledge of the market are the main factors in conducting consultations regarding the choice of real estate. The main criterion is a rational market research to determine the most suitable options for the client. Knowledge of the rules and regulations in force in the UAE and Dubai is an important factor in terms of providing the client with relevant information. Attention to detail guarantees an optimal buying and selling process. When making sales and purchase transactions, the correct distribution of time is also extremely important.
We believe that the only possible way in the process of acquiring a vacation home or real estate investment is to strictly observe the principles of business ethics. The main quality of all our employees is the professionalism necessary to provide services to our customers.
See you in the next issue!
More information is available on the official KENSINGTON Finest Properties International AG website at: www.kensington-dubai.com
