Dubai is very attractive for investors as they are sure that the market will not disappoint them. In the recession, the real estate market was badly affected and mostly left Dubai. But within a short period of time, the economy got better and the market got stable. We can see that the houses price and rental have come down but from an investment point of view, returns are good in the long term. If you want to invest in Dubai, keep in mind you have to wait for bit time. As the market is improving and will surely guarantee long-term returns.
There are many communities in Dubai where you can invest. You have the option of either affordable houses or the luxury ones. No doubt the luxury ones are quite expensive but they do have the amazing charm of living there.
District one is one of the best residential community of Dubai. The prices of villa start from Dh8 million, district one is the community of Dubai which offers residential houses on a par cost basis. This is the only community which has got the location advantage as it’s in the middle of Dubai city. We all are aware of Dubai traffic and no one wants to stay in a place which took 1 hour or more to reach the work. According to the vice president of Meydan group commercial and free zone, district one is the community which is exclusive and accessible for the residents as compared to other same communities in Dubai.
On the west side it meets al khail road and on the south side it’s close to Meydan roads, district one can help you reach all the areas of Dubai in a short time. Sheikh Zayed road can be reached in 5 minutes, what a blessing. There are five-star facilities that are another attraction for the residents such as crystal lagoon and regional mall which has amazing prices for the residents to enjoy. The lagoon 7km long is ready and residents can use it, however, Meydan one mall will be ready by 2020. The lagoon part which is for public will also be ready soon with mall opening.
The new trend has evoked in Dubai which is affordable housing schemes. Of course looking at today’s world, very fewer people can afford to live in luxury houses. Especially we the Asians have the mindset of saving money for a better future which can only be possible by living in an affordable house. Thus keeping the new trend in mind, Meydan has announced low price affordable apartments – a new phase of district one alongside the lagoon. The price of these 1,2 and 3 bedroom apartments which are known as D1 residences start from Dh 1.1 million and are quite competitive in the real estate market of Dubai. As per the al khayat, a new pricing structure will be introduced soon which will be more aggressive.
At the launch of community new tallest tower comprised of 16 floors, al Khayat said, people, are actually looking for the lower prices than Dh 1 million. For a 2 bedroom apartment, people are willing to pay less than Dh 1.5 million. We have done the detailed market search and will be offered as per the customer expectations, Al khayat said.
The first seven buildings of the project which are launched before will be completed and delivered by the next year December. As per the al khayat source, out of 1500 apartments 500 are already sold out. The apartments fall under the district one –third phase. The mansions and villas are part of phase 1 and phase 2, about 85% of these are already delivered and rest will be handover in March.