Dubai as the Center of Creativity in the Sphere of Real Estate
Looking at the picture of a neighborhood or living districts, people recognize Dubai at once. Impressive unique architecture, glass surfaces, towering skyscrapers, and instant luxury are the most popular associations. Dubai`s developers offer unforgettable housing options that sometimes are far ahead of the world`s advances. For this reason foreign investors focus on buying a villas in Dubai the UAE and making a huge contribution into their own successful future. Real estate has always been the most prolific and almost win-win industry, especially if we talk about the UAE. What impressive objects the developers prepare for the future, their main characteristics, and why investors from all over the world come to Dubai – we will answer in this article.
Real Estate Developers in Dubai
It seems that everything possible has been already invented and implemented by Dubai`s developers. Nevertheless, every year they amaze residents and foreigners with innovative ideas and high-tech features. Let`s acquaint ourselves with the authors of the masterpieces in various neighborhoods in Dubai.
- Emaar Properties – the authors of Burj Khalifa, Downtown Dubai, and other important objects.
The company has been on the market since 1997 and introduced the biggest number of successful projects. It focuses on residential, hospitality, retail, and art developments in Dubai.
- Nakheel – the developers of the artificial island Palm Jumeirah.
The company also works on residential, hospitality, and commercial real estate. The man-made island is not the only reason for admiration of Nakheel, it also has a growing range of other notable residential projects to its name. This includes Discovery Gardens, Jebel Ali Village, The Gardens, Nad Al Sheba Villas and International City.
- Dubai Properties – the creators of Jumeirah Beach Residence.
The company mostly organized the work upon the residential buildings. Besides, due to the availability of a seaside in the city, they develop various waterfront destinations.
- Danube Properties – the authors of Resortz by Danube, Elz by Danube, and other residential complexes.
The organization aims at the erecting properties of extremely high quality. They want to build a sustainable society living in perfect housing options.
- Azizi Developments – the developers of Royal Bay, Shaista, and a whole list of residences.
Azizi Developments build their business on the principles of transparency, world-class quality, and customer centricity.
The above-listed developers can be called the main influencers in the sphere of real estate. However, new companies enter the market almost daily, increasing the level of competitiveness. To stand out against the number of ordinary buildings, the developers need to invent the blow-minded villas and apartments.
Exclusive Property with intricate Design Decisions in Dubai
Becoming aware of the major influencers in terms of real property, let`s have a look at their most ambitious projects.
- Danube Properties has awarded a AED 475 million (US$129.32 million) prime contract to general contractor Naresco Contracting to build and deliver the Skyz Tower project by the end of the third quarter of 2024. Skyz Tower is a high-rise Mediterranean-style residential complex located on a 6,302 square meter plot of land in Dubai’s Arjan district.
- The developer URB planned to build a new district designed for technology development. The Urban Tech District will include commercial, office and industrial properties, including conference facilities and business incubators. A district focused on the technology industry will be built in Al Jaddaf. This cutting-edge urban technology cluster promises to create 4,000 jobs in “green urban technology, education and training.
- Damac Properties has launched a series of penthouses and luxury apartments in three of its most prestigious projects in Dubai. The Skylofts collection includes Safa One de Grisogono, Safa Two de Grisogono and Cavalli Tower, the names of which make it clear that the projects are in collaboration with famous jewelry houses. Such brand collaborations are trendy in Dubai right now.
- Dubai-based general developer Nakheel has repurposed the Deira Islands project into a cluster of five islands. The new community will be called Dubai Islands. There will be five islands, each with its own unique real estate, leisure and entertainment offerings, in a huge 17 square kilometer area. Each of the islands will have an exclusive set of offers.
Examining the details of the projects, we can say that Dubai is more and more reminiscent of the future. The new districts, luxury residential complexes, and whole spacious neighborhoods are made up to provide maximum comfort and pleasure.
The Factors Making People Invest in Dubai Property
The desire of developers to introduce unique and special offers is based on the huge demand on the market. Foreigners see extremely beneficial opportunities in real estate in Dubai because of the absence or a lower level of taxes. Besides, investment in property is considered as the most stable asset and subject to the less risk of default. There is no tax on property leasing. Moreover, the property owner gets more than 7% return.
The Choice of the Real Estate in Dubai
Such a cosmopolitan city as Dubai has a lot to offer to any investor or end owner. Still, the abundance of alluring houses for affordable prices attracts and provokes to make the decisions right now. To be aware of all the details of the real estate in Dubai, the most beneficial neighborhoods, positive and negative sides of each development, it is advisable to address a professional agency.
Ax Capital deals with thousands of advantageous cases annually. The experienced specialists are always ready to provide future property owners and potential investors with qualified help. No need to doubt about the worth of a deal, consult with those who know any tiny detail.
In Brief About the Real Estate in Dubai
Dubai is undoubtedly the centre of foreign investments in the real estate sphere. There is no monopoly among the developers on the market as all of them contribute to the proliferation of the city. The wide selection of houses to any taste allows finding the best variant, regardless of the aim of the purchase.