While choosing real estate in Dubai, one may become overwhelmed by the choice, as there are many popular projects as well as the new ones appearing every year. Navigating the market is not an easy task, but, e.g., Biltmore Residences Sufouh can become a great choice whether you are looking for a personal property or plan to rent it out. Let’s have a look at some reasons behind the popularity of the real estate in Dubai and specifically this project.
Property in Dubai for Investments
Dubai has long been associated with luxury and well-being. However, such an explosive growth of the real estate market has not been observed before. It was recorded that 62% more real estate transactions were concluded in 2022 than in 2021. And this does not seem to be the limit.
The UAE authorities have taken a number of timely economic and political decisions that have had a positive impact on the market situation. Today, the key to the prosperity of this hot country is not only petrodollars, but also services, tourism, service sector and, of course, real estate.
Foreigners can freely acquire villas and apartments in undivided ownership. Entrepreneurs and, in general, active, ambitious people from all over the world are drawn to Dubai not only for earnings, but also for a decent, comfortable life, as well as connections.
The fact that the UAE is among the top ten countries with the highest level of development not only of the economy, but also of security, for many becomes a decisive factor in their choice.
Property Prices in Dubai
Real estate is bought and sold for different purposes. The first and most obvious: to live in it yourself. If we consider Dubai as a place to live, then this is a worthy choice.
The largest, richest city in the United Arab Emirates has excellent kindergartens, schools, good medicine and a very low crime rate. Prices are very high, but not as high as, for example, in some European capitals. And this is relatively compensated by a rather moderate taxation system.
Property prices in Dubai start at USD 150,000. If you are interested in a one-room apartment in the Business Bay area, the central area, which is now being actively built up, then get ready to pay starting from USD 350,000.
Proximity to the sea will raise the cost of the property to USD 500,000. A worthy villa under construction can be bought for USD 1 million or more. On the famous artificial island of Palm Jumeirah, real estates are being sold for USD 6 million.
By the way, if we talk about luxury real estate, then in Dubai the prices for such properties are 20-80% lower than in the whole world by 20-80%:
- spending USD 1 million you can buy 105 square meters there,
- and, e.g., in New York or London – only 33 square meters.
The best way to save on a purchase or make money later on is to invest early. If the construction of a promising building is still at the excavation stage, it’s time to join the project.
If you are one of those who cannot afford such a one-time expense, Dubai offers a Rent-to-Own scheme, that is, a lease with an option to purchase. In this case, an advance payment of up to 10% of the cost of housing is required, and subsequent payments are charged as rent.
However, it should be understood that in this case the final cost will be higher. Therefore, we recommend contacting an agency specializing in the sale of real estate in the Emirates, where they will select the best option for you and you can become the owner of an apartment or house without extra payments.
Property in Biltmore Residences Sufouh
Apartment dwellers at Biltmore Residences Sufouh enjoy a lavish way of life with first-rate amenities and services from one of the world’s most esteemed hotel brands, Biltmore.
The complex’s construction is a great setting for living, unwinding, engaging in leisure activities. The top class materials in exquisite finishing and designer furnishings add a touch of luxury.
On a hot day, you may cool yourself in the enormous pool. At any time that is suitable for you, a well-equipped gym will be a terrific location to stay in shape. Kids can play in a designated outdoor space or swim in a distinct small pool. Families with kids will also like the complex’s closeness to a number of schools.
Property for Sale in Dubai
The website biltmore-sufouh.com offers you a variety of real estate options in opulent residential complexes. All you’ll need to do is visit their website, decide whether you want an apartment or a penthouse, and specify your spending limit. There definitely has to be something appropriate for everyone!
