A shopper’s paradise, city of gold, a hub for investment. These are some of the names the city of Dubai is known for. And it has earned these titles fair and square. Apart from its picturesque locations, iconic structures and tourist attractions, there’s another factor that attracts people from across the globe – it’s the lavish lifestyle it offers. There are numerous communities that nestle projects featuring ultra luxury apartments in varying configurations.
On this note, take a look at some of the reasons that make Dubai the best choice to buy luxury apartments:
A Lot of Choices
You can easily find luxury waterfront apartments laden with the state of the facilities. The benefit of selecting a waterfront development is that you get to enjoy the serene views of the water while benefiting from the luxuries the residential unit comes with.
If you aren’t fond of waterfront developments. Then, you can select a skyscraper located in the middle of the city to enjoy close proximity to basic facilities. These units are available in different layouts, making them suitable for everyone – singles, couples and families.
The latest projects, in particular, have eloquently designed apartments that redefine luxury lifestyle. You can select any of them and live a life you have always dreamed of.
A Rather Easier Process to Buy a Property
Be it a luxury apartment or a villa, the process to buy a residential process isn’t full of challenges. If you meet all the requirements and prerequisites, you can get the possession of your selected apartment in a rather easy way. The buying process, even for foreigners, here isn’t full of complications and complexities, as it is the case with some of the other cities in the world.
Having said that, there is a limitation for ex-pats when it comes to buying a property in Dubai. They can only fully own properties in certain parts of the city known as “freehold areas”. Some of these areas are Arjan, Discovery Gardens, Downtown Dubai, Bluewaters Island, Business Bay, Dubai Marina, Dubai Creek Harbour, Downtown Dubai, Dubai International Financial Centre, Dubai Investment Park, Cultural Village, JBR, Mirdif Hills, Old Town, JLT etc.
A Better Choice in Terms of ROI
The market for apartments, particularly luxury ones, is always on the bustling as the city welcomes an influx of visitors every year. So, even if you don’t plan to live in Dubai for a long time, buying an ultra-luxury apartment can still prove to be a better choice for generating ROI. As stated above, you can rent your apartment or sell it at higher rates.
This may not sound true to some, but it’s certainly a reality. When compared with other advanced countries, apartments in Dubai are comparatively inexpensive. For instance, London, New York, Hong Kong are some of the cities that have a high buying price in comparison to Dubai. So, people belonging to these regions can also find lucrative opportunities for both investment purposes. They can buy a luxury apartment and rent it out to have a continuous stream of income-generating for them. Or they can sell it at a high rate when the prices go up.
This doesn’t mean buying lavish apartments is only suitable for ex-pats. Dubai locals can also get their hands on lucrative deals for super luxury apartments. The launch of the latest projects and communities have made it easier for them. For example, some residential communities are located a little away from the city. Prices here are relatively lower.
Similarly, recently launched residential projects, which are still under construction, also have offers for reasonably priced apartments for sale. Obviously, it will take time for the project to be completed before you can settle in it. However, the wait is worth it as once the handover has taken place, you will be able to lead a lavish lifestyle in an ultra-luxury residential unit laced with modern amenities.
If you’re planning to buy a property in such a project, consider Stella Maris tower. It is the last waterfront property in Dubai Marina, one of the most popular residential communities in the emirate.
Last but not the least, the city has abundant options when it comes to recreational centres for everyone. There are adventure parks, museums, shopping centres, along with tons of other entertainment activities. This factor makes it a completely family-friendly place to live in.