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.
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.