The start of 2019 has seen a number of new and exciting launches which have been well received by the market. The innovations of last years post payment plans have continued with developers looking for new ways to make their projects stand out from the crowd, such as Emaar’s new live/work community, Executive Residences in Dubai Hills, with prices starting at AED 999,999 and you can get a free three-year business license. Projects that offer real value, such as Cherrywoods by Meraas, with three bedroom townhouses offering 2,300 sq. ft. of living space starting at AED 1.4 million.
Despite witnessing a 20% drop in property prices over the last three years, the rental yields offered on Dubai properties are more than double of what is offered by major cities of the world.
Falling prices, attractive rental yield, budding economy, augmented government spending and opulent lifestyle have always been key pillars supporting Dubai’s real estate investments. However, with the introduction of new visa regulations and generous payment plans for ready to move in properties, the investment in Dubai’s real estate becomes all the way more rewarding.
Several leading developers like DAMAC, DEYAAR, EMAAR, MERAAS and AL BARARI are offering a splendid range of properties that are absolutely ready to move in. A property like that not only brings you instant returns but also reduces the overall cost you pay owing to generous payment plans.
The positive sentiment across real estate and Dubai’s reputation as a donning destination for investment has created this lucrative opportunity that is rewarding for both investors as well as buyers. This also means that as a buyer, you don’t have to wait for years to take delivery of your home and instead of forfeiting rent for someone else’s property, you can invest a similar amount in your own home.
The primary advantage of this market is that with these under pressure prices, developers are flexible with their payment plans. Al-Barari’s seventh heaven allows you to pay four years post-handover. Properties in Damac’s golf town are available to buy through unique payment plans that offer as much as a 20% discount at the overall property price. Marina Arcade by Mada’in developers is available with a 5-year post-handover payment plan.
As Dubai continues to create new benchmarks for quintessential investments, it is a rather rewarding move to buy on dips instead of waiting for the market to bottom out.
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