There is always some confusion when it comes to buying properties in Dubai because there is a huge collection of housing properties in different locations of Dubai built by several builders working there.
So it can be very difficult to choose a profitable and suitable property that will give good returns and provide modern facilities. To minimise this, it is always said to seek professional advice who can suggest good projects with some offers. Asking for professional help will provide some information about the current situation and benefits of certain types of properties.
In 2024 the housing market of Dubai will see a number of new launches in different locations and some new locations will have smooth connectivity to neighbouring places of Dubai. This new trend is being seen after the high sales of luxurious properties in the villa and townhouse categories. Looking into this the builders are making new projects which will have villas in it like the Fairway Villas 3 by Emaar. Other companies like Damac Properties are also in the race to launch villa properties in prime locations in Dubai.
Some builders like Emaar Properties and Nakheel are very popular in Dubai whose projects normally get sold in a few days after their launch and sometimes the projects are booked in a single day which shows their popularity in UAE. The buyers of properties in Dubai are mostly from other countries. These projects are built with top-of-the-line amenities that are new in the market of real estate.
The property transactions in Dubai are in billions of AED because of its luxuriousness and modern facilities that it provides. One thing here to see is the high number of bookings of extra luxurious properties like villas, townhouses, duplexes, and more. Locations like Sheikh Zayed Road, Emaar South Dubai, Rashid Yachts & Marina, Business Bay, and more are the sought-after addresses in Dubai because of their posh surroundings.
In the heart of this popular desert city, Dubai's skyline is set to change with a new surge of elegance and exclusivity, as the demand for branded residences soars, signalling a grand shift in luxury living. Over the next five years, the growing city of UAE will launch around seventy new projects. Neighbourhoods like Downtown Dubai, Business Bay, Dubai Marina, and JBR are buzzing with excitement. They are built to become the hub for these new launches of housing projects.
Just think about stepping into the Armani Beach Residences at The Palm Jumeirah, where the starting price is very high, which is Dh21 million ($5.7 million). This is the world of branded houses in Dubai, which is a mix of luxury, style, and comfort, with each home showing the mark of the world recognized brands, from high fashion to lifestyle, even some houses are built in a style of car, offering more than just a living area but a statement of high status.
A man-made islands like Palm Jebel Ali is gaining more and more attractions from rich people around the world because of their exclusive projects of lavish houses that are of top-class according to the standards in the property market of the world. People and brokers were standing in line to get a chance to book a unit on this lavish island, which is much bigger than Palm Jumeirah but looks the same.
Dubai stands as a model of modernity and luxury, attracting global investors like sheep to a grass area, keen to run into the emirate's property market, which is thriving amidst robust economic growth. According to a report, there are 51 such projects, with names that speak of opulence and prestige. And there's more on the horizon. Another 70 are planned by 2028, reshaping not just the skyline but also the market dynamics, introducing a blend of hotel and non-hotel related developments.
A professional of Dubai Housing notes Dubai's suitable position, becoming a good stage for many new builders and other country's companies in the branded housing market. Meanwhile, other people from real estate companies highlight the city's appeal, that is, its attractiveness in design and build style and the fairly new market, allowing for large-number developments not affected by the constraints that older cities may face.
These housing projects are not just about the lavish lifestyle; they present a "win, win" model. Developers, buyers, and brands all benefit from this cooperation. The making and other costs may see a little increase, but the return on investment is anything but not that less. Also, the sales number can see a better increase, meaning developers can enjoy big profit margins.
Dubai's property market is not just growing; it's surging at a very good rate. Fueled by strong investor interest and favourable housing rules, the city's prime residential property prices have soared, yet it remains more buyable than many of the world's other luxury markets.
However, the allure of branded housing like Emaar Ocean Point by Emaar Properties is more than just market booms; it can also be a place to live. They offer stability and security, appealing especially to those who can invest without the need for loans, making these properties particularly safe to sell even in less favourable times of market downfall.
Looking forward, the sentiment in the market is very favourable. Developers like Emaar Properties are not just optimistic but bullish about the future, planning more branded projects not only in Dubai but also in emerging markets like Sharjah, boosting the luxury living landscape.
This is a world where luxury meets exclusivity, where every residence tells a story of brand roots, sophisticated style, and unparalleled comfort, all set against the backdrop of one of the world's most popular cities. As Dubai continues to attract investment and foster new launches, the luxurious housing market is set not just to grow but to define the importance of luxury living in the Middle East.
