5 new projects in Dubai that captivate investors and first time buyers
Dubai's new projects not only offer the residents of their visionary homes a charming, well-rounded lifestyle. They also offer a profitable investment, particularly in 2022.
Why? Well, as the financial woes of the pandemic began to subside in 2021, Dubai's real estate prices jumped by a remarkable 21%, as The National News reported.
Signs indicate continued market growth for 2022, underpinned by citizens and new expats moving to larger luxury homes. They are typically spacious apartments in up-and-coming areas surrounded by greenery or close to dazzling beaches, as remote and hybrid working becomes commonplace.
Now is therefore a smart time to buy before real estate prices are expected to rise further and while rental demand remains strong.
Another major buying incentive is that Dubai does not impose income or capital gains taxes. Mortgage rates are also attractively low.
As such, interest in Dubai's property investment is rising in 2022. New Dubai properties offer stronger capital growth and ROI.
Take a look at the best new projects represented by our Dubai real estate agents to achieve fruitful investment returns. Which beautiful development draws your attention?
Damac Lagoons - Gold City | A Mediterranean-style sanctuary
Families would welcome the bliss and beauty of Damac Lagoons. Countless water and outdoor sports opportunities, along with schools, hospitals and wellness clubs.
Prices from AED 2,159,000.
Key property features:
- Steps from waterfalls, mountains and caves.
- High-quality homes with a holistic vibe.
- Smaller, exclusive complexes with private pools and parking.
Explore more about this new project in Dubai.
The Palm Tower - Palm Jumeriah | Living in a masterpiece
With rents rising by 2.9% in just one month at the beginning of this year, Palm Jumeriah has numerous recreational facilities and efficient transport to the mainland.
Master designers developed the Palm Tower building to culminate a glamorous, tranquil life in the Arabian Gulf.
Prices start at AED 3,238,000.
Key property features:
- A picturesque, palm-shaped building.
- Breathtaking panoramic sea views.
- One of the world’s largest infinity pools.
Explore more about this new project in Dubai.
Royal Bay - Palm Jumeriah | An incomparable emirate lifestyle
Similar to the Palm Tower, nearby new development Royal Bay sets the highest standards of living in one of Dubai's most famous neighbourhoods.
Prices range from AED 1,797,000 - AED 12,635,000.
Keep in mind that properties bought over 5 million AED grant a 5 Year Golden Visa, which allows foreigners to live, study and work in Dubai without national sponsors.
Key property features:
- Extensive private balconies.
- Stunning sea and city views.
- Exclusive pool and gym.
Explore more about this new project in Dubai.
Marquise Square - Burj Khalifa District - Business Bay | Experience city life at its finest
With rents rising 2.8% in one month at the beginning of this year, Business Bay is becoming an investor magnet.
Families of professionals, and entrepreneurs, enjoy the availability of all necessities at their doorstep, which supports great health, prosperity and enjoyment in life.
Prices start at AED 2,362,888.
Key property features:
- Modern apartment complexes with social and business spaces.
- Top-quality fixtures and fittings.
- Striking city views.
Explore more about this new project in Dubai.
Creek Vistas Reserve - Sobha Hartland - Downtown Dubai | An oasis in the metropolis
The Sobha estate has 30% open and green spaces, with trees dotted around the private pool and social areas. Just steps from recognised schools, commercial premises and Dubai Canal.
Prices start at AED 882,054.
Key property features:
- Extensive living areas.
- Gym and a Yoga and Meditation Zone.
- Children’s playground.
Explore more about this new project in Dubai.
Now is truly one of the best times for real estate investments in Dubai.
Do not hesitate to ask us about any of the above projects. You can discuss your plans with one of our professional real estate consultants at The Pearl Gates at a time of convenience. Dial +974 5086 7771 or fill out our form for a callback!