Pros And Cons Of Living In Dubai Maritime City

Introduction To Dubai Maritime City

Dubai Maritime City is located in Dubai, United Arab Emirates developed to be a specialized hub for the Maritime industry and various factors such as ship repair, shipbuilding, maritime services, and offshore support. The main aim of Dubai Maritime City is to provide a balanced ecosystem for the Maritime business and related activities.

Dubai Maritime City is easily commutable from Dubai's port and major industry which is one of the most important factors for its speedy development over the years. Dubai Maritime City is being developed across approximately 2.27 million square meters, It is offering a bunch of residential studio apartments and upscaled homes with excellent amenities and facilities. According to research and real estate professional consultants, it is stated that this is estimated to become UAE'S Major center in the future. Also, the return of investment on your property in Dubai Maritime City would be higher as compared to others.

Dubai Maritime City drew the attention of investors, homebuyers, and even domestic and foreign developers across the globe by setting a bar of providing top-notch quality, facilities and amenities with cheaper rates as compared to the current market standards. Dubai Maritime City is Maritime focused development project touching heights and going above the belt day by day. It also consists of some special zones including industrial areas, commercial areas, and residential spaces, all designed to fulfill the specific needs of the maritime sector. 

Pros And Cons Of Living In Dubai Maritime City

Everything which exists in this world comes with its own number of pros and cons, so it is. Before renting out a property or investing in properties we need to do our depth research about the location, facilities, amenities, developers, and more. Dubai Maritime City is a great fit but it also comes with majors pro and minor cons. Let's have a look at them - 

Pros of living in Dubai Maritime City -
 
Dubai Maritime City has a lot of things and attractions to offer for their residents and visitors. Some of them are :

Sea Facing - 

One of the most attractive aspects of Dubai Maritime City is its sea face position as the United Arab Emirates is located on seaways of Europe, Asia and Africa. Port Rashid, the first commercial port of Dubai is also located adjacent to Dubai Maritime City which results in the attraction of business and businesses over the globe. According to the current maritime industry, Port Rashid is one of the most leading commercial ports. 

One such Popular Project named Anwa Aria, a residential tower offers luxury studio apartments to 3 BHK in one go located at Dubai Maritime City. Anwa Aria is known for its prime location with unique and aesthetic architecture and design over the globe.

It majorly focuses on sports, wellness, and recreation with all amenities and facilities available. It is majorly connected to all highways which makes it easily accessible from different parts of Dubai. It's a perfect blend of urban luxury with a peaceful sea faced setting. It's a fusion of peace and luxury altogether. 

Growing Maritime Sector - 

Out of so many, one other important aspect of living in Dubai Maritime City is the diversification of the economy. Dubai Maritime City contributes to the United Arab Emirates economy by its growing and evolving maritime industry or sector. This helps in reducing the dependency on one particular sector or industry such as oil related industries which is very beneficial for the residents there in the long run. It helps in maintaining economic stability. 

Career opportunities in Maritime Industry - 

Dubai has a skilled and trained workforce with extreme experience and knowledge in Maritime Industry and more. Dubai Maritime Industry is estimated to become a Maritime Hub in near future. It encourages people and aspiring talents to learn and practice in the maritime industry from depth. Starting from shipbuilding and naval architecture to maritime law and logistics to more. 

Free Zone Incentives - 

Dubai Maritime City offers a bunch of benefits to investors or homebuyers. One of them is Free Zone Incentives, Free Zone is simply referred to the areas within the United Arab Emirates (UAE) that provide a business-friendly environment with special regulations and incentives to attract foreign investment and promote economic growth. This often results in attracting the major retailers and traders. Companies or owners within the free zone are free from customs duties on imports and exports, this helps in reducing the operational cost and make import and export easy and commutable.

Renewable Lease Terms - 

Commercial properties coming under Free zone are typically able to provide assistance, stability and ability to the businesses for their better long term planning in terms of growth and development. 

Profitable Return - 

Dubai Maritime City demand has been growing since day one , it is estimated to go above the bar in upcoming years because of the luxury facilities and amenities they are availing to their residents, visitors and investors too. It's a great fit to invest your fund and enjoy profitable returns later. 

Cons Of Living In Dubai Maritime City

While Dubai Maritime City has numerous advantages, there are some certain cons too which need to be addressed before you invest in a property or buy your home there. Everything comes with advantages and disadvantages so it is. Let's go through them one by one - 

Expensive Expenditure - 

Dubai Maritime City has been known for its growth and development over the years and no doubt it attracts a lot of foreign and domestic investors across the globe, due to the evolving demands across the country and globe, living expenditure in Dubai Maritime City is higher as compared to the rest of the area in UAE.

‌On-Going Construction -

As we discussed earlier, Dubai Sports City is evolving and developing every day, So the ongoing construction and noise might be a hurdle in your daily life. Many parts of Dubai Sports City could be prone due to heavy construction going on.

Major Focus on Maritime Industry - 

As we discussed, the major focal point of Dubai Maritime City is the Maritime Industry and it encourages it passionately with knowledge and experience. But it also results in the limited specialization to one industry or dependence on a particular industry. 

Space Limitations - 

As mentioned, the major focal point of attraction is the maritime industry. The major part of land, infrastructure and more goes into the growth and development of the maritime industry in Dubai Maritime City which can often create hurdles for the new businesses trying to set up there with different fields and genres. 

By keeping the advantages and disadvantages both in our mind it's now an individual's call who they prioritize more. In Spite of all the minor disadvantages that exist, Dubai Maritime City is expected to go above the belt in upcoming years leading to higher fluctuations in prices of property. Rest it depends on the person who's thinking to invest, buy or rent.

Conclusion

We have discussed the detailed introduction of Dubai Maritime City, and what it looks like. We have also discussed the advantages and disadvantages of living in Dubai Maritime City in detail. We have mentioned some ongoing residential and maritime-oriented projects which might favor you in figuring out what's best and suitable for you. Now it's an individual preference or choice of what they value and score more. It's a great fit to be your home or investment.

For detailed and precise information you can talk to our real estate agents who have their expertise in this, they can guide you further with precise information and updated market standards. Happy house hunting!

For more information and projects you can go through our website https://www.dubaihousing-ae.com/. Our website will guide you about the ongoing projects there with their in-depth information.