In 2002 a new law was introduced to allow non-nationals of the UAE to own property in Dubai. Since then, people from all corners of the globe have invested in property in Dubai and even today, the cosmopolitan city still remains popular with buy to let investors and second-home buyers, not to mention ex-pats residing in Dubai. The global financial crisis hit Dubai hard in 2009 but the city made a fast recovery and by 2012/2013 the property market had bounced back and new construction projects commenced again.
real estate developers in dubai include state-of-the-art apartments and penthouses with breathtaking views located in some of Dubai’s most iconic skyscrapers such as Burj Khalifa, the tallest building in the world, beachfront villas on The Palm Jumeirah, and private residences nestling in lush green surroundings at Al Barari – to name just a few.
The most sought after residential areas in this city include Al Barari, The Palm Jumeirah, Emirates Hills, Jumeirah, Downtown Dubai, Arabian Ranches, and Dubai Marina. Luxury real estate here does vary in price from area to area, but on the whole key locations with excellent facilities command the highest prices per square foot.
Currently, there isn’t a dedicated holiday resort in Dubai where people can buy a property. The Heart of Europe, a cluster of six islands on The World Islands will be the first dedicated holiday home resort in the city. Home to luxury hotels and stunning beachfront villas, The Heart of Europe offers an exciting portfolio of luxury holiday homes for sale.
Many new build real estate properties in Dubai are due for completion this year but only The Heart of Europe offers holiday home investment opportunities at an exclusive island resort. Due to complete in various stages over the next three years, there are different properties in Dubai to suit different needs and requirements.
Luxury real estate Dubai is very much in demand and choosing the right location is key. What’s more, choosing a reputable and experienced agent or developer to guide you through the whole process is vital to ensure the highest levels of professionalism and customer service.