The Future of Jumeirah Golf Estates: Growth and What It Costs to Buy
The future of Jumeirah Golf Estates is very exciting, thanks to a huge expansion called "The Next Chapter." This plan will add over 12,000 new homes and enough space for more than 51,000 people to live there. According to the Dubai Land Department (DLD), the government office responsible for all land and property in the city, this area is a great place to invest. Over the last year, house prices here have gone up by 15% to 20%, and people who rent out their homes can earn a profit of about 5% to 7% each year.
If you decide to buy a home here, you have to pay a DLD registration fee equal to 4% of the house price. This is like a one-time tax that covers the government's official recording of your ownership of the property. You also have to pay a small admin fee of about AED 580 and a trustee fee of AED 4,200 to finish all the paperwork. Even with these extra costs, many people want to live here because the community is growing so fast and has such amazing parks and golf courses.
Key Features and Attractions of Jumerah Golf Estate
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