dubai real estate view

Investing in real estate in Dubai

As you probably know, Dubai has become a cosmopolitan city, with more foreigners than locals living here. So it’s hardly surprising that international real estate investors are very interested in this city and emirate, which is in the midst of a real estate and economic boom. Europeans, Indians, Americans, and Chinese are all welcome here and are also well received by the local authorities, who have made the process much easier.

The Dubai Land Bureau, the official body in charge of the local real estate market, announced in one of its recent press releases that the last five years have seen an increase of over 50% in the number of Chinese residents in Dubai. As a result, a quarter of a million Chinese now live in Dubai, and Chinese companies are not hesitating to invest locally. But of course, this is not the only foreign community represented here.

The Dubai real estate market is still booming, and investors in this market have no worries about the profitability of their investment.

investing in real estate
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If you’re considering investing in Dubai, you have to find information about the best neighborhoods, most popular with foreign investors. Whether for your primary or secondary residence or as a rental investment, the choice of the neighborhood is always a key criterion to consider, regardless of the country or city you’re targeting.

Profile and prices of apartments for sale in Dubai

If you’re familiar with the real estate market in France or in England, you’ll know that prices in most major cities like Paris, London, and Lyon are very high. As a result, more and more French people are heading abroad, where buying real estate can be much more attractive in the long term. Dubai, for example, appears to be a destination of choice.

To give you an idea of the price difference between Paris and Dubai, the average square meter of an apartment in the center of our capital sells for around €11,470. The most sought-after properties in the beautiful Downtown Dubai district sell for half this price, at around €5,000 per square meter. This is undoubtedly why research firm New World Wealth considers Dubai a very affordable destination for real estate investment, far behind metropolises such as Paris, New York, or San Francisco.

dubai real estate
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We’re not going to hide from you the fact that Dubai ran into difficulties during the global credit crisis of 2007. Nevertheless, Dubai has managed to overcome the crisis, and current real estate development continues apace. If you decide to invest here, you’ll have a wide choice of different types of property, in neighborhoods each with their own characteristics, but also with fairly wide price differentials. That’s why, before you make up your mind, we recommend that you take a close look at the different neighborhoods so you can choose the one that best suits your objectives, preferences, and requirements. There’s a lot to choose from, as there’s increasing competition between developers, who are determined to offer advantageous conditions to stand out from the crowd.

Your investment in Dubai real estate begins with https://prestige-immobilier-dubai.com/en/

Photo by Andre Valente on Unsplash

 

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