The Investors Are Looking For Studios And Apartments in 2024
The sales of low priced properties which are less than AED 3 million are increasing day by day in Dubai because of the rise in demand for the studios and apartments with 1 or 2 bedrooms.
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The last year of 2023 was very good due to the large number of property transactions but this year of 2024 is predicted to be even better especially for mid-priced properties. The properties in Dubai normally have amenities and facilities that are demanding in the market. Another thing that makes Dubai appealing for the buyers is its connectivity.
This situation of a high number of bookings for studios and apartments is being seen because the rental prices have also increased in Dubai. So, people who used to live in rent are now also looking to buy properties that are available with attractive payment plans like Danube Diamondz in JLT, which is available with 1% payment options also, which makes it very suitable for a large group of buyers who want to stay in Dubai for working or personal needs. Looking into this, other builders like Binghatti and Damac are also launching new apartment properties.
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How to find your suitable properties in Dubai?
Finding a good property in Dubai is not easy because there are a lot of projects. Still, the demand for these properties is even higher. The difficulties arise when people are not able to find a house that can fit their budget or the house that they want to buy gets sold out very quickly. To avoid these difficulties in buying your house in Dubai it is good to seek help from a professional company like Dubai Housing, which deals in real estate. If you are living in other countries like India, then it is good to go with professional brokers who work in Dubai.
According to some studies, the number of finance buyers is more than the number of buyers who want to pay in cash, which shows the good situation of the property market in Dubai. Also, a large number of investors are very keen to book properties that are newly launched in popular locations in Dubai, such as Jumeirah Village Circle, Dubai Sports City, Jumeirah Lake Towers, Motor City Dubai, and more. This shows that the prices of newly launched properties in Dubai are going to rise in the future, and investors are buying more and more such types of properties.
Why off-plan properties in Dubai are attracting more investors?
The off-plan projects are the most sought-after properties among investors because these types of properties are normally available at attractive prices with easy payment plans. This creates a high chance of getting more returns on investment (ROI) in the future, and if the project is built by popular builders like Binghatti, Damac, Danube, and Emaar, then finding people looking to live in rent also becomes very easy. People who work and do commercial activities also look for beautiful houses to buy or live in rent.
The off-plan properties that are launched by popular developers mentioned above normally complete their projects in time so the buyers can go on agreements for the future with ease. The timely delivery of properties is another reason that helps buyers rent or resell their bought properties at higher prices. People love to stay and work in Dubai because there are no less taxes than in other countries in the world, and the facilities provided there are very modern and make the living experience more comfortable.
Why are Indians, Russians, and Chinese buying properties in Dubai?
For the past few years, Dubai has been a hub of tourism and commercial work for people from countries like India and Russia. This makes Dubai’s property market very demanding in the world. Last year the market also saw that Chinese people were also buying luxurious houses in Dubai, which is also seen this year. Normally rich people around the world buy properties in Dubai because of its luxuriousness and modern facilities that are new to the world. The city provides a very comfortable lifestyle with peaceful and beautiful surroundings.
The position of Dubai is one of the main reasons that Indians, Russians, and Chinese are buying luxury properties in this city of UAE. It takes only a few hours to fly to Dubai from their countries, especially from India. So spending time with friends and family during holidays in Dubai becomes more exciting if you have a house in a prime location with smooth transportation services. A lot of people from these countries also work in Dubai, so they have to stay there. Indians are in the top 3 for buying luxurious houses or staying on rent in Dubai.
Conclusion
The sales of apartments and studios are increasing, and developers like Binghatti, Damac, and Danube are in the race to provide world-class apartments and studios in prime locations like JVC, Damac Hills 2, and JLT. The pricing of such properties is less than AED 3 million, which attracts a large number of investors from other countries like India and Russia. Booking properties in Dubai is not easy, but Dubai Housing can help you find your dream investment.
