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The real estate market in the UAE rapidly develops. This is largely due to the fact that the Emirates in 2021 became one of the first countries to open for tourism, which greatly increased the flow of tourists to the country as a whole and to Dubai in particular. Investors from all over the world were actively investing in local real estate, earning passive income from renting it out. Property in Damac Hills for sale as well as in other neighborhoods in Dubai is extremely popular among foreign buyers. Let`s find out why people are striving to Dubai and its various destinations and what they should be aware of.
Real estate in the UAE: Dubai or other emirates?
It should be noted that Dubai welcomes a sufficiently large number of expats who have moved here from other countries. Today, there is clearly a trend of active development of multiple neighborhoods of Dubai as global resort destinations. And this allows investors to decide on the long-term purchase of real estate. In addition, such a decision is highly profitable in economic terms.
Important tips worth attention of a buyer
Before buying property in a new city and, even more so, in a new country, it is necessary to clarify many nuances.
– Analyze the real estate prices in the area.
The real estate prices may differ significantly depending on the location of the housing unit. It is for this reason it is recommended to contact a specialist. An experienced expert, familiar with the area, is well aware of the situation, and will be able to negotiate effectively and achieve a favorable price. Moreover, if you do not have particular desires or you are lost in the jungle of choice, the professional real estate agents from AX CAPITAL are able to help and offer a number of suitable properties. The experienced specialists will specify your financial opportunities and genuine desires in terms of real estate for you to make the right decision.
– Search for the information and reviews of the developers.
It is important for a buyer to know as much information about a developing company as possible. You should find out more about the developer: look at the portfolio of buildings built, find out the price segment. Of course, in Dubai a buyer of real estate is protected by the state, but it is better to avoid unpleasant situations.
The project of Damac Hills was launched back in 2013 and in 3 years the developer DAMAC Properties has built more than 16,000 villas. Today Damac Hills is a full-fledged residential area for living and recreation. The properties from DAMAC Properties have already proved their profitability and reliability.
– Evaluate payments for the property maintenance.
It is advisable to find out in advance about the peculiarities of payment for the service of the facility. On average, maintenance fee for facilities in Dubai is in the range from AED 10 to 100 thousand per year, and it depends on the specific building, management company and range of services. You should also note that in the UAE there are certain expenses when buying real estate. That is, the buyer pays not only the price of real estate, but also pays other expenses: transaction fees, agent’s interest, the fee of the Land Department.
Damac Hills for relocation and investments
Damac Hills is located in an idyllic atmosphere for single life and staying with children. The neighborhood has all the necessary facilities and organizations: supermarkets, pharmacies, hospitals, banks, restaurants, swimming pools, gyms, playgrounds, schools and kindergartens.
The landmarks of the neighborhood are the following:
– number of recreational areas;
– a skate park of 2,000 square meters for children and adults;
– the huge golf course that hosts the PGA Championship and has been named “The Best Golf Project in the World”.
Convenient transportation makes it easy to get around the neighborhood and the city as a whole. There are two buses running throughout the area. In order to use the subway you will have to ride the bus or order a cab. It is most convenient to move around the area and beyond in your own car. By the way, there is a separate parking space for each apartment owner.
Conclusion
The recent statistics shows that Dubai has become an undisputed leader and an important player not only in the UAE but on the international arena. Real estate in Dubai and its popular locations is one of the most desirable and profitable investment assets. Contact the reliable real estate agency AX CAPITAL to make the responsible investment.