The launches of new properties in Dubai are attracting a huge number of buyers from other countries. The first five months of 2024 has been very good for the property market of Dubai where a lot of property transactions were done. But one thing to notice is that Indians were among the top buyers of luxurious properties in Dubai.
The demand for luxurious houses like townhouses and villas which cost more than apartment properties are also gaining more and more popularity.
These huge sales of costly and luxurious properties shows that rich people from other countries are interested in owning a house in a prime location of Dubai. Some popular builders like Danube Properties are delivering their project ahead of the possession date and it is a good thing for both buyers and sellers of properties in a city like Dubai. The people who are looking to buy properties in other countries are now eying at Dubai because of its continuous growth in the property market for the past few years. Properties like Damac ELO were sold out in a few days and Damac ELO 2 was launched to fulfil the demands of the people.
Communities like Damac Riverside have recently gained a lot of attention in the market because of its luxuriousness and somewhat different style of amenities for the residents to enjoy. This new community will have a large collection of 4 and 5 bedroom townhouses that will have the luxuries and design of a villa but with modern facilities and services. Damac Properties is a very popular developer of UAE who has delivered a lot of different types of properties from affordable studios to expensive villas on time which were liked by its buyers. The Green Vein and Water Vein are the amenities in Riverside Community.
Some locations like Dubai Investment Park and Motor City Dubai are becoming new hubs of housing properties where big builders are working on their new projects which will have modern looks and services for its residents. These locations are also connected to other prime addresses in Dubai which means that it will take less time to reach there. Both these locations also have commercial hubs and shopping centres. Some car shows were also organised in Dubai Motor City and people come here to see a collection of F1 cars. Sobha is launching new properties called Sobha Orbis in Motor City Dubai.
Professionals from Dubai Housing are advising that this is a good time to invest in properties because there are a lot of offers and other benefits which are being provided by the builders. Another benefit is the easy payment plan that will give the convenience to buyers to pay for their properties in a couple of years which will give them more time to pay. Developers like Danube are becoming more famous because of its 1 percent payment plan for its projects. Other top companies like Damac Properties and Emaar Properties also give exciting offers.
Some Developers are also organising meetings to plan their future to reach heights in the property market of UAE and Dubai is a good choice to launch their new plans. Rich people from other countries are looking for a good luxurious house in Dubai and builders working in Dubai are looking to grab this opportunity by providing what they need with some exclusive services. There are also some predictions that the property market of Dubai will see huge growth in next year also if the city will maintain its popularity and smooth connectivity.
The mid-priced properties like studios and apartments are also seeing huge demand from other countries like India, Russia, China, Europeans, and more. These properties are liked by those people who do not want to spend more money in Dubai but want to experience the convenience of living in this beautiful city. The rents in Dubai have also increased and properties like studios and 1 bedroom apartments are the good choice to buy and pay with attractive payment plans provided by the builder that does not give burden to the buyers. Danube Diamondz is a good choice for buying studios or apartments.
2024 will be a fantastic year for both sellers and buyers of properties in cities like Dubai. There are a lot of launches of new properties and some builders are already delivering their past properties ahead of a given date. Other locations in Dubai are getting more demand because of the modern amenities and smooth connectivity. The growth of Dubai is also attracting investors from all around the world to own properties in Dubai to get a good rental yield or better returns on investment. The price of the properties is increasing this year.
