Dubai

Long established as the trading and commercial hub of the Middle East, Dubai combines the excitement of a bustling commercial centre with the wide open spaces of a luxurious resort.

With an area of 3,885 square kilometres, Dubai is the second largest emirate and certainly the most renowned internationally, recognised as the most important port and commercial centre in the UAE. Born on the banks of Dubai Creek which is a natural inlet from the Persian Gulf Dubai is divided into the Deira district to the north, and Bur Dubai to the south.

The mix of sunny climate, white sandy beaches and premium shopping and entertainment facilities have earned Dubai’s tourism industry a growing status as one of the most attractive and rapidly developing leisure destinations in the world with a whole host of things to see and do.

Located at the cross-roads of Asia, Europe and Africa, Dubai is well positioned to attract tourists looking for somewhere new and different, a destination blending the traditions of the east with the comfort of the west. Both business travellers and holiday tourists find that Dubai offers the highest standards of service, comfort and luxury. Dubai offers all of this while still retaining its rich Arab-Islamic culture, co-existing within a high tech and fast pasted 21st century.

Although many know the emirate for it’s for its glamorous lifestyle, high profile hotels and lavish lifestyle, at the heart of Dubai beats an international business community. It is the financial capital of the Middle East and Dubai’s economy is driven by hundreds of major multinational corporations that have operations across the globe.

Buying Property in Dubai

There are many benefits of investing in residential or commercial property in Dubai’s property market. Dubai is perhaps the most vibrant developing city in the world, a fact recognised by private and institutional investors, as well as the corporate world. Eight out of the world’s largest companies now have major offices in the city, and nearly 400 of the Fortune 500 companies are represented there too.

Some other facts and figures

• High rental yields from quality property in select areas. 3 Year visa available for purchases over 1million AED.
• Trade and tourism hub between the east and west at the heart of the Arab world.
• 21st century metropolis with state of the art infrastructure.

Dubai Freehold Properties for Sale

Property in Dubai is no longer treated as if it is part of one all-encompassing market driven by speculation. Instead, Dubai’s property market is now considerably more segmented offering a wide variety of price levels and property types within different neighbourhoods. This has been the result of a severe price correction which has seen the value of Dubai apartments and flats for sale in Dubai drop dramatically. While this process was initially detrimental to Dubai property, it now seems the long term effects have been relatively positive.

The Dubai real estate market has now matured more in-line with other major international cities such as London and New York. The market is viewed as a wider spectrum with clear low end and high end localities, all offering different prices levels and rates of growth.

In response to the market behaving in this way we have witnessed a phenomenon dubbed ‘the flight to quality’. This has occurred due to the realisation that some districts are far more desirable than others, signified by how well property there has held its value following the price correction. The ‘flight to quality’ has been driven by ‘real demand’, created by Dubai’s inhabitants noted by estate agents.

Now we see Dubai houses for sale in areas like Dubai Marina, the Palm Jumeriah and Downtown holding their value much better than less exclusive areas that still suffer declines. Districts like Dubai Marina have even experienced price increases in some instances since the beginning of this year with Dubai Marina apartments for sale growing in popularity.

The reason for this is simple. Dubai’s tenants and local residents have used the opportunity of lower prices to upgrade their accommodation and live in better Dubai apartments. The price declines that the market experienced as a whole have created considerable value in the most desirable areas and therefore now seems to be the time to buy in the eyes of those who know the market well.

This ‘flight to quality’ has also been apparent in the most exclusive properties, within the more exclusive areas. Numerous reports now indicate that the luxury end of the market is moving much faster than originally thought – accelerating past the rest of the market. Demand for Dubai villas for sale and generally for villas in Dubai has increased considerably, especially in the most prominent districts.

The Torch

The tallest residential tower in the world, The Torch stands an incredible 86 storeys above Dubai Marina holding a prominent position at its entrance. The Torch is one of the Marina’s most popular towers boasting spectacular panoramic views of the surrounding cityscape, Palm Jumeriah and Gulf. The Torch’s 676 apartments have been designed with space, light and style in mind to create a comfortable yet contemporary living space. In addition, each apartment boasts a generous private balcony to complement the views. Owners also have access to a list of excellent facilities including a large gym, swimming pool and fully equipped spa.

Bay Central

Situated at the very heart of Dubai Marina, Bay Central brandishes the most exclusive plot on the marina opposite the new Marina Mall and Motor Yacht Club gaining its status as one of the most sought after property projects in the district. Located close to a stop on the newly launched Dubai Metro, Bay Central’s ideal location is ideal for commuters and perfect for visitors looking to explore more of Dubai. Further, its desirability and benefits of a hotel is set to generate an increased rental demand.

Botanica

Occupying a prime location on Dubai Marina, Botanica is ideally situated between the water front and the marina to capture every aspect of Dubai from its views of the marina to the Gulf and The Palm. Botanica offers everything expected of a luxury high-end development in Dubai but with an added twist that undoubtedly sets it apart. Dominating the whole of the 22nd floor is a tropical sky garden, enabling owners to fully experience all aspects of the Dubai skyline.