A decade ago, only the wealthy could afford to own villas in Dubai. But now, the price of real estate has come down and more people are investing in property in Dubai. The city has gone from being a small fishing village to a modern, cosmopolitan city. It’s fast becoming a favorite tourist destination in the World. If you want to get an exclusive feel, you should buy a villa in Dubai Hills.
Located on Jumeirah Beach, in the UAE, the Dubai Hills is among the world’s most luxurious real estate developments. Located next to several luxury hotels, Dubai’s skyline is simply dazzling. The luxury Villas for sale in Dubai are also well-known for their design and facilities. In fact, they have become even more luxurious and welcoming with recent developments of the ‘green’ side villas in Dubai.
Located next to an international airport, Dubai has rapidly become one of the fastest growing tourist destinations in the World. A large number of local and international airlines offer discounted or cheap air tickets to travel to the emirate. This has made it a popular destination for travelers, who prefer to spend their vacation in comfort, rather than in cramped quarters. There are some good real estate developments in Dubai as well. The real estate here has seen many improvements, both in terms of its design and facilities.
Recently, Dubai saw major developments on several key commercial strips. One of these is Burj Al Arab. With extensive retail malls and several sky-touching projects, Burj Al Arab has become one of the most popular areas of the Top real estate companies in Dubai. Located on the south side of the Burj al Arab Mountains, this retail and commercial area promises a wide variety of commercial properties. Other projects in the area include a sports complex, a shopping village, and a water park.
Another area that saw major developments includes the Palm Jumeirah Island. Palm Jumeirah Island is located on the east coast of Dubai and boasts of several luxury properties, such as resorts, villas, townhouses, and private developers. Many private developers are focusing on this section of the city. In addition to luxury properties, Palm Jumeirah Island offers some of the best water sports facilities in the region. It is also one of the most popular holiday destinations in the UAE.
Dubai has recently seen rapid growth in different fields. One of these fields is the real estate sector. The new developments are ushering in a new era of property deals in Dubai. Many local and international property developers are now eyeing this region as a potential source of investment. A large number of luxury villas, condominiums, apartments, office spaces, shops, and other commercial buildings are being developed here.
This trend is supported by a number of factors. First, Dubai is undergoing rapid development. This is creating a surge of demand for property, which in turn supports the continuous rise of property prices across the market. At the same time, the lack of land makes it difficult for developers to build large structures on a large scale. Thus, there is a constant increase in the supply of property for sale across the market.
Another factor that has played a vital role in the recent upsurge in property values is the entry of foreign investors. These investors have largely contributed towards the upsurge in real estate investments in Dubai. Several high-value real estate properties in Dubai are being sold off at attractive prices. Though these prices are still below the real estate market value, they are still a great help for first time home buyers in the region.