Dubai Property overview
There are few places in the world that are growing as quickly as Dubai. Dubai was a place once reliant on oil and trade but now is more focused on the service and tourism sectors. Construction is on the rise; nearly everywhere you look you can see a crane busy at work. Across Dubai housing, hotels and other properties are high in demand. Below are some resources that will help you get started if you are considering buying or investing in property in Dubai.
Dubai Real Estate
List of real estate agents and developers in Dubai:
1. Real estate developers approved by the Dubai Government
2. Better Homes
3. Sotheby’s International Realty
4. Prestige Real Estate
5. Hamptons International
6. Al Habtoor Properties
7. Provident Estate
Well-known real estate developers in Dubai
Emaar is one of the largest real estate developers in the Middle East. The company is most well-known for their work on the Burj Khalifa in Dubai. Emaar also developed the Dubai Mall and the Dubai Fountain. Emaar will soon complete their newest project “The Opera District” in downtown Dubai. This will include the Dubai Opera House which will be the very first opera house in Dubai.
Nakheel is another one of the major real estate developers in Dubai. They are responsible for the development of the Palm Islands and The World Islands. Nakeel also developed International City (which includes Dragon Mart) and the Ibn Battuta Mall.
Dubai Properties Group
The Dubai Properties Group has developed residential and commercial properties throughout Dubai. They are most well-known for the development on the Jumeirah Beach Residence, The Walk (at Jumeirah Beach Residence), Business Bay and Culture Village.
Dubai’s economy is expanding and rapidly growing making it the ideal time for investing. Dubai has been moving away from only being reliant on its revenue from oil. The tourism sector of Dubai attracts millions of visitors worldwide, and this number will only increase as the Expo 2020 approaches.
There are many reasons to invest in Dubai: Dubai has various Free Zones and is a tax-free city. It is a business hub of the Middle East attracting people from the far corners of the world. With many upcoming projects like Dubailand, Legoland and Dubai World Central, Dubai is on the road to becoming a major leisure destination, bringing in millions of people from around the world. Dubai also offers an excellent climate, with a lot of sun and little rainfall.
With the number of tourists coming in, the demand for labor will be needed. Therefore, there will be a stable rise in the need for residential buildings. Thus, the return on investment in Dubai is a stable source of income. Dubai also offers competitive prices for property in comparison with other global hubs around the world.