Owning A House In Dubai May Be Difficult In 2024

The Properties in Dubai are also attracting a huge number of buyers from countries like India and Russia because of its growing property market every year. The price of the properties is also increasing which shows that there is a lot of demand. After the COVID period, the purchasing of properties by Indians has raised a lot because of the profits that can be made and work opportunities. 

The location of Dubai is also playing a big role for Indians to buy properties there because it takes only a few hours to reach there from India through flights from cities like Mumbai. So, it means that people from India can stay connected with their homeland. Asia, Africa, and Europe are three big locations in the world from which travelling is very smooth and quick. Stops for several commercial ships and passenger ships are also available in Dubai which also makes this city a hub of commercial routes for sea. 

Dubai’s property market offers attractive investment offers for the buyers from other countries also which has attracted several Indians to put their money into the real estate in Dubai. The offer of long-time visas and residency by the government of Dubai. The payment method is also very smooth and there are options to be paid with a cryptocurrency like Bitcoin also. Cryptocurrency is one of the convenient methods to pay for expensive things like luxuries or properties. By allowing Bitcoin as a method of payment opens new customers for the property market in Dubai. 

The amenities that come with the properties also attract rich people from other countries in the world. Several new launched properties in Dubai have modern and new amenities that are sometimes come with exclusive facilities also like some discounts on the 4 percent of property tax or free maintenance for a short period. The properties that are built by famous developers have a high chance of getting sold out in a few days like ELO by Damac Properties and ELO 2 and ELO 3 have been launched to fulfil the huge demand. 

The property market situation in Dubai is still in good than other cities in the world like London where a buyer can get more luxuries and facilities at the same price. The investors are also interested in buying expensive properties like villas in prime addresses which are close to the beach area of Dubai. This huge demand for extra luxurious properties is rising because it has more chances of rising in its pricing in a year. People from other countries come here to Dubai to feel the luxuriousness of this desert oasis of UAE. 

Properties have been getting expensive in Dubai for the past 20 months because of the little bit of inflation in the global market. This situation is being utilised very well by the brokers and property agents working in the Dubai market. The builders in Dubai try to bring new things to the property market. Dubai is doing well in inflation also because rich people like to own luxurious houses in prime locations in Dubai like Palm Jumeirah and Dubai Marina. 

From the start of 2024, there are a large number of property launches in popular locations where the demand is very high and possession is also close. We can see that people want the properties very soon and also with attractive pricing and for this off-plan properties are the good options. The second quarter of 2024 is also expected to see a good number of property sales because there are some exciting launches of properties like Damac Riverside Community where a huge collection of 4 and 5 bedroom townhouses and villas are available for sale. 

Investing in properties can be risky but it is much less if you buy properties located in Dubai. Here, you can find a lot of options for buying a house in different locations with attractive pricing or payment plans. This convenience of buying properties in Dubai makes it a favourite place for people from other countries like India and Russia to own a house here. The continuous rise in the price of the properties is very profitable for those who already own something in Dubai. If you don’t take help from professionals like executives in Dubai Housing, then buying a good house at better pricing is going to be difficult for you.