Dubai A Refined Investment & Luxury Living Getaway – Realty Plus Magazine

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What makes a city attractive to the ultra-high net worth individuals (UHNWI)? Most of us would guess the availability of prime luxurious real estate. Interestingly, there are multiple factors apart from simple availability that get eyeballs from wealthy investors. Government stability, low crime rate, quick policy execution and security of the assets being some of the key factors.

Dubai’s blend of rich cultural history and modern infrastructure makes it an appealing choice for affluent investors seeking growth, stability, and a luxurious lifestyle.

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The prices for top-tier properties in Dubai have surged by 134% since the onset of the pandemic, according to the Wealth Report 2024 from Knight Frank. Interestingly, despite this surge, Dubai’s market remains competitive when compared to other global locations. Now, imagine US$1 million can acquire roughly 91 square metres here—four times what one would get in Hong Kong for the same investment.

With coastal areas fully developed, attention has shifted inland, where new luxury communities featuring extensive green spaces are emerging. These developments cater to the growing demand among wealthy buyers who seek spacious and eco-friendly living environments. As more and more investors look at investing responsibly, the sustainable practices in UAE luxury real estate is attracting them. Developers are adopting eco-friendly building practices, incorporating features that benefit both the environment and do not push the prices higher up. Picture buildings equipped with solar panels harnessing sunlight, while smart technology efficiently manages power consumption. These efforts not only reduce the environmental impact but also lead to lower operating costs for owners and residents, benefiting all parties involved.

What’s Driving Market Growth?

With sales skyrocketing and annual prices going up by 26%, the Dubai real estate is flourishing like never before. This robust growth is attributed to Dubai’s political stability and favourable economic outlook bolstered by diversification efforts and a thriving tourism sector. Positioned strategically between East and West, Dubai is an exceptional global investment hub.

Government policies have significantly shaped this high-end market. Measures such as introducing long-term Golden visas and streamlining business setups through online applications have drawn wealthy individuals from across the globe. Substantial investments in tourism and infrastructure—like expanding the Dubai Metro, new highways, and upgrading airports—continue to amplify Dubai’s worldwide appeal.

Safe & Profitable Investments

Often real estate consultants pitch return on investment in the context of Dubai luxury projects. While it is true that investing in Dubai offers both high rental yields and has a potential for big capital gains, exceptional safety standards and ease of transaction are important factors to consider too. The rush to buy luxury properties has reached epic proportions with many projects being sold off within hours. With zero income or capital gains tax in Dubai, there are not many options cash-rich investors have globally to invest and grow their capital. The short-term rental market has boomed in Dubai post-COVID giving one of the highest yields in the world.

Why Live in Dubai?

Investment potential aside, Dubai offers a remarkable lifestyle. Be it luxury shopping centres, gourmet dining options, and exclusive recreational venues like golf courses & yacht clubs,  the city is home to world-class amenities that have all been built in recent years. Cultural events such as international art exhibitions and music festivals contribute to a vibrant social atmosphere that attracts diverse populations. This is the reason why investors from other countries are moving their base to Dubai and turning end-users.

How To Buy Luxury Projects

For those new to Dubai’s real estate market or looking to expand their portfolio here, expert advice is key. A hands-on real estate advisor helps navigate local complexities, offering insights into top opportunities & strategic guidance through transactions to ensure maximum returns. Like in any other investment, it is crucial to be careful of who the investor partners with.

Dubai’s luxury real estate market looks set for continued growth with innovative projects attracting global investors year after year. The city aims for a sustainable & diverse economy which keeps it as one of the top places for luxury living and investments.

As Dubai grows and changes, its high-end real estate remains an exciting scene for those seeking safe investments with great returns & an excellent lifestyle. Plans under the Dubai 2040 Urban Master Plan will make living even better by improving spaces, adding public beaches, & promoting green areas.

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