Real estate in UAE is one of the most sought-after investment markets in the world. There are many different types of property to choose from, from apartments to luxury houses. The best thing is that you can find real estate in the UAE that suits your budget and personal preferences.
Business Bay
Business Bay is one of the most popular neighborhoods in Dubai. It is a mixed-use area, featuring residential and commercial properties. The neighborhood offers residents a variety of entertainment and shopping options.
Property in Business Bay includes both upscale and affordable homes. The neighborhood is also close to Downtown Dubai and the DIFC. Several international companies choose Business Bay as their base of operations in the UAE.
Properties in Business Bay include studios, one-, two-, and three-bedroom apartments and penthouses. They are well furnished and equipped with the latest amenities.
In recent years, the property market in Business Bay has seen a boost in price. Prices are up on average by 10%.
The real estate market is a prime example of the changing nature of the city. Many ultra-high-end operators are opening in the area. These include Mr C Residences, by the Cipriani family, and Four Seasons.
Al Jada
Aljada, Sharjah’s latest master plan, offers a complete lifestyle. It is designed to provide a tranquil yet dynamic way of life. It offers modern residential units, commercial spaces and hospitality offerings. The development is a mix of contemporary luxury homes and walkable open spaces.
This mixed-use mega project was developed by renowned Arada Developers LLC. It is expected to be complete by 2025. The community is situated near the Sharjah International Airport.
Aljada is a community spanning over 2.2 million square meters. It is the largest blended use development venture in the Sharjah region. There are 70,000 residential properties in the master plan. Designed to offer a unique, contemporary experience, it is also a destination for leisure, recreation and shopping.
Residents can enjoy shopping at the Madina Mall and Shopoint Mall, as well as the City Center Sharjah. They can dine at a number of restaurants.
Palm Jumeirah
Palm Jumeirah is a world-class resort with a large number of luxury hotels and restaurants. It is located in the Arabian Gulf. This area offers a relaxed and tranquil lifestyle. The apartments, townhouses, and villas in Palm Jumeirah provide a perfect balance of serenity and luxury.
In the past year, the prices of housing in the UAE have been on a positive trend. The increase in demand has led to a boom in the housing market. Across all price segments, transactions increased in volume. These transactions are expected to continue. Especially with the upcoming World Cup in Qatar next month, the market is expected to strengthen further.
Property in Dubai is considered to be one of the best investments in the UAE. There are no income taxes and the tax environment is favorable.
Al Khan
The Al Khan real estate market offers investors a great range of property options, from mid-rise apartments to high-rise penthouses. The area is popular for families, first-time buyers, and international property buyers.
Many of the properties for sale in Al Khan are waterfront and offer spectacular views of the sea. Other amenities include parks, shopping malls, and restaurants. In addition, there are hospitals, schools, and medical facilities in the area.
Investing in Al Khan real estate is one of the best ways to reap the highest returns. Studio and 1-bedroom flats yield 4% to 4.5%, while 3-bedroom units can yield 4% to 5.8%.
Some of the most prominent apartment towers in Al Khan are the Asas Tower, Al Hilal Tower, and the Future Tower. These towers are situated near renowned medical centers and schools, as well as entertainment venues.
Abu Dhabi
Abu Dhabi is home to a wide range of properties. They include apartments, villas, townhouses and studios. In addition, there are many great neighbourhoods.
Abu Dhabi is a popular destination for property investors. It has been a growth driver for the Middle East during the global economic downturn. The government has implemented various stimulus measures to drive growth in the non-oil economy.
The government has also made major changes to the visa laws. A new visa type, long-term residency, is now available to residents and businesspeople.
The Abu Dhabi real estate market has been bolstered by investor-friendly rules and regulations. These measures are being backed by increasing demand and foreign investment.
Abu Dhabi’s property prices have been stable since the global downturn. There is still a shortfall of housing units, but demand for residential space is expected to pick up.
Regulations for buying and selling property
If you are looking to buy or sell property in UAE, you should have a clear understanding of the regulations associated with the industry. While the country has not formulated a federal law on property ownership, it does have a variety of governing rules that may be applicable to you. However, you should seek legal advice for a fuller understanding of your rights and obligations.
The UAE has introduced several new laws and regulations aimed at combating financial crime and terrorism financing. These include a directive that requires reporting on freehold property transactions.
Dubai has also issued a law allowing foreigners to own freehold properties in specific regions of the emirate. These zones are known as investment areas.
Abu Dhabi has recently implemented its own real estate laws. It has been announced that non-UAE nationals will now be able to own property in the capital on a freehold basis in designated investment zones.
COVID-19 pandemic has impacted the UAE real estate market
The COVID-19 pandemic has a huge impact on the real estate market in the UAE. As a result, the government has put in place various measures to ease the pressure on the property sector and boost market sentiment. In fact, a major stimulus package of US$70 billion was launched by the UAE Central Bank.
Dubai’s economy is heavily dependent on tourism and travel. This is largely affected by the situation in Ukraine and Russia.
There are also economic pressures in the hospitality and retail sectors. But overall, the UAE’s real estate sector is expected to bounce back.
Real estate prices have started stabilising and the sector is on track to register a CAGR of more than 8% during the forecast period. Meanwhile, real estate developers are looking for buyers with strong purchasing power and an interest in acquiring UAE property.
Abu Dhabi and Dubai represent different aspects of the market
One of the largest emirates of the United Arab Emirates (UAE), Abu Dhabi is also one of the region’s most vital commercial centres. It borders Saudi Arabia on the southern border, and is also home to hundreds of multinational corporations.
The UAE’s economy has flourished for several decades due to oil and global finance. However, the three-year oil price slump in 2014-2016 caused the residential property market to soften. In May 2021, the average rental rate in Abu Dhabi dropped by 5.9% compared to the previous year.
This decline in rental rates is attributed to the Federal Mortgage Cap, which was introduced in 2013. As a result, Abu Dhabi residential prices are expected to rise only 3% in 2020.
Despite these negatives, the UAE real estate sector is still thriving. Its strong economic outlook and investor-friendly policies have attracted global investors. Countries like India, Ukraine, Russia, and Canada are investing heavily in UAE property markets.
Aljada is regarded as Abu Dhabi’s hub of luxury
Aljada is one of the latest development projects in Sharjah. It is a green urban master plan community that consists of numerous residential districts and sporting components.
The project offers a wide variety of properties for sale. These include 1-, 2- and 3-bedroom apartments, as well as villas and townhouses. Many of these residential districts are located within a gated community, providing residents with an ideal place to call home.
Aside from the wide variety of residential options, Aljada is also close to the University City. This is another reason why this community is popular among expats.
There are also many retail outlets, hotels, and recreational spots in this development. Residents can enjoy a peaceful and stress-free lifestyle in this gated community. Some of the facilities that are offered in this master plan community include a business park, parks, mosques, and schools.
Al Mamsha offers opulent 1, 2, and 3-bedroom apartments
Al Mamsha is a mixed-use development project that offers a world of choice. It combines modern living with excellent retail, recreational, and dining experiences. The development is located in Sharjah, UAE.
This upscale development provides a range of 1, 2, and 3-bedroom apartments. It is located in the heart of “New” Sharjah. These properties are close to the city’s main highways and a number of recreational facilities.
The neighborhood of Al Mamsha is exclusive to GCC residents. However, non-GCC citizens may rent out these opulent apartments. Besides, Al Mamsha is located just minutes away from the Sharjah International Airport.
Al Mamsha’s contemporary architecture and a variety of high-end amenities make it an ideal place for families. Residents can take their children to the playgrounds, or play a round of table tennis. They can also relax at an outdoor cafe.
