See How Dubai's Real Estate Market Is Changing Every Day!
Dubai Real Estate is witnessing massive growth and in the coming years, it will deliver master growth. Dubai Authorities have planned master development to bring sea change in the city
Dubai Real Estate is witnessing massive growth and in the coming years, it will deliver master growth. Dubai Authorities have planned master development to bring sea change in the city
Dubai is fetching huge attention and has taken the world by storm. It has become the center of attraction for the investor’s family. People from around the globe have shifted here and in the next 20 years, the emirate is going to become one of the best places to live in the world. A large-scale master development has been planned until 2040.
Investors are well aware of the Amazing Real Estate Developers in Dubai are witnessing and this data gives clarity on the phenomenal growth of Dubai that the population increased from 40,000 to 3.3 million- almost 80 times in 60 years. Even the construction companies are playing an active role by increasing the building area by 170 times.
According to Mr. Saeed Al Qadi, CEO of Homebond Properties, "Dubai is a vivacious and ever-changing metropolis, where first-time homebuyers can avail multiple benefits, including the issuance of golden visas, numerous business opportunities, access to an international market, zero taxation, and very low maintenance costs, high and guaranteed rental yield, and investment safety.”
This master plan as prepared by Dubai authorities will modernize the existing areas of the city and also create some new ones. Dubai territory will be full of high-end skyscrapers but the maximum you will find is greenery. It is the most ambitious project ever to come to UAE that is about turning the desert into greenery.
Dubai is at a super fast pace of development and in the coming years, it is becoming more convenient for residents. The area is developing due to technological advancement, an abundance of greenery, a vibrant shopping zone, robust infrastructure development, educational institutions increase by 25%, and much more leading to a convenient lifestyle. Metro stations could be accessed by more people; like almost 50% of the population and superfluid transportation.
Also looking at the demographic growth, it can be assumed that Dubai's population will increase to 5.8 million and if you add the students, tourists, and migrants then it can reach approx 8 million. This increase will be observed because of the manifold benefits that the city will give.
This large influx of population will be needing space for living. Therefore new districts will be developed and the existing ones will be expanded. The more covered area, the more facilities can be acquired by more population.
The plan has brought the renewal of districts including Deira and Bur Dubai. They are the city’s oldest districts and historical centers. These areas are currently not preferred for living because of no facilities but in the coming years, these will be developed without interfering with their culture and importance.
Dubai is also chosen for the wide job opportunities where Downtown Dubai and Business Bay are the most preferable ones. These are known as the popular business districts of Dubai and authorities are planning to strengthen the centers and bring more top-notch companies here.
Then authorities land at the tourist and entertainment hub where Jumeirah Beach Residence and Dubai Marina come on top. Authorities are planning to bring these two areas a part of the global tourist center. This will become a hub of recreation and hospitality areas.