Top 5 Locations for Buying Luxury Apartments in Dubai

Off-plan Properties In Dubai

Planning to buy a luxury apartment in Dubai? It is a city known for its opulence and extravagance. So, if you are going to invest in a luxury home that offers both comfort and lavishness, it has to be Dubai. Whether you are looking for your dream home or an investment tool, this is the city that can provide you with both. Real estate is one of the strongest and most vital facets of Dubai’s economy. That is why there is no dearth of luxury apartments here. High net worth individuals from around the world come here to find luxury properties. If you are one of them, get in touch with one of the top real estate companies in Dubai 2021 for finding the ideal luxury apartment for you.

Where to buy luxury apartments in Dubai?

In Dubai, you will find numerous skyscrapers and buildings that have hundreds of apartments in them. That is why finding an apartment of your choice should not be too difficult. These apartments come in all sizes and configurations. They are also designed to serve the needs of families, couples, or singletons. The ultra-luxury apartments also offer state of the art facilities and amenities. There are several locations where you will find such properties. If you consult any one of the top 10 real estate companies in Dubai 2021, they are likely to suggest the following locations for your luxury apartment hunt.

Dubai Marina:

According to many top real estate companies in Dubai 2021, you should check out Dubai Marina first. This mixed-use waterfront community is the perfect spot for those looking to buy luxury apartments that offer an active lifestyle. Most of the residential housing projects in this neighborhood are known for being lavish. They offer some of the most luxurious apartment units with breathtaking views of Dubai’s skyline and the water. The best part is that in Dubai Marina, you will not only find ready properties, but you can also go for off-plan properties. Choosing an off-plan property through one of the top 10 real estate companies in Dubai 2021 can be an excellent investment decision.

Bluewaters Island:

The artificial island known as Bluewaters Island is another great spot where you will find ultra-luxury apartments. Here, you will find the iconic Ain Dubai, which is a massive observation wheel that offers enthralling views of the sea. Needless to say, this one attraction alone has significantly enhanced the value of this community. Being so close to the coastline of JBR (Jumeirah Beach Residence), Bluewaters Island is one of the prime locations for luxury apartments. That is why most of the top real estate companies in Dubai 2021 prefer this location for their A-list clients.

EMAAR Beachfront:

Jumeirah Bay Island is one of the elite neighborhoods in Dubai, and it is certainly one of the best spots for luxury apartments. Because it is so close to the sea, apartment owners are likely to get a great view from their balcony. Getting a luxury apartment in this area also gives you access to some of the best resorts in the Emirates. You can also find a yacht club and countless fine dining restaurants in the area. So, besides luxury, if you are also looking for an active lifestyle, this is the best location for you.

Downtown Dubai:

If you want to live next to Burj Khalifa, the tallest building in the world, Downtown Dubai is the ideal location for you. Downtown is a mixed-use community that features some of Dubai’s most popular attractions such as Dubai Mall and Dancing Fountain. These attractions get flooded with tourists during New Year’s Eve. Being the best shopping destination in Dubai also makes it a tourist hub. Besides its bustling lifestyle, Downtown is also famous for its strategic positioning. Buyers prefer this area because it offers them easy access to the major parts of the city. When looking for a luxury apartment in the area, make sure to go through one of the top 10 real estate companies in Dubai 2021.

Palm Jumeirah:

Everyone knows the name Palm Jumeirah. When talking about lavishness and luxury, you cannot miss it. Several A-list celebrities from around the world have found their vacation homes here. If you want to live next to high-profile individuals such as David and Victoria Beckham and Shahrukh Khan, this is the location where you should get your luxury apartment. Home to some of the most expensive properties in Dubai, the Palm Jumeirah has an international fame that is unmatched.

Wrapping up

These are five of the best locations in Dubai where you can get a luxury apartment of your dreams. These locations attract some of the biggest property developers in the UAE, which means there is a plethora of high-end properties. Whether you are thinking about settling in or simply buying a luxury vacation home, you are sure to find the ideal property at one of these locations. On the other hand, if you are a real estate investor, getting a property here would be a huge boost for your portfolio.

No matter what your goals are, hiring one of the top real estate companies in Dubai 2021 will surely be beneficial for you. RiseUp, one of the leading real estate agencies in Dubai, has been helping people find their dream properties since its inception. We have worked with buyers and investors from around the world. Being locals, we have a strong understanding of the areas mentioned here. We also have the right connections that can help you in your journey of buying your first luxury home.

If you are strictly looking for an investment vehicle, RiseUp’s investment advisors can also guide you and help you find the ideal property that is capable of meeting your goals. We also have an in-house team of property managers that can keep your investment in the best shape so that the property value keeps increasing with time. For more details, give us a call or drop us an email today!

Can You Convert Your Crypto Into Real Estate?

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The cryptocurrency boom cannot be ignored by anyone at this point. Unless you have escaped to a far-off forest without any phone reception or no access to international media or people for that matter, you already know the numbers we are talking about on a daily basis. It wouldn’t be a wrong theory to say that perhaps the last 6 months have made more millionaires due to the cryptocurrency boom than any other industry has. This is the market gain of cryptocurrencies over the last 3 years. (Dated April 2021)

  • BITCOIN (BTC) – 6,220% Gain
  • ETHEREUM (ETH) – 30,060% Gain
  • RIPPLE (XRP) – 25,717% Gain

That means for every $100 invested into the above cryptocurrencies on 1st January 2017 without selling anything till date, the profit would be $6,220 for BTC investment, $30,060 for ETH investment and $25,717 for XRP investment. These are tremendous and honestly, scary numbers. Although the individuals betting big on these cryptocurrencies during that time were limited, but with an investment of $10,000 into either ETH or XRP at that stage, the profit one would be sitting on right now would be $3,000,000 and $2,500,000 respectively. 

Now that such investments have yielded incredible returns, what do the investors do? Do they continue to hold cryptocurrencies in the hope that they will further rise exponentially in the future or do they aim to liquidate some of their holdings and put them into other asset classes, such as Real Estate or Gold? A healthy mix of the above would probably be the most sought-after option and this is where we, at RiseUp Holding will aim to assist you*. Through a joint-partnership with a cryptocurrency exchange platform, we are now able to accept property investments from the recently formed millionaires from the cryptocurrency boom. The seller will still have the option to receive their proceeds in the form of fiat currency (AED or USD) through the exchange platform, but the buyer will have the comfort of paying directly in their crypto holdings without the need to first liquidate them to convert them into fiat currency. 

The transactions flow can be understood in further details from our team members since there is heavy volatility in these currencies and the price of the transaction needs to be agreed upon in fiat currency, it only takes one transaction to get used to this new and exciting times we are in. Time is of the essence in these transactions and the fee associated with the transaction is relatively low. The transactional currencies are not only limited to BTC, ETH & XRP. There are multiple currencies which can be used for the transactions and buyers have the option to pay in a combination of such currencies. Are you keen to learn more about this? Contact our team here and let us assist you.


*KYC is critical when it comes to investing with crypto currencies keeping in line with the AML policies. 

What To Consider Before Investing in Dubai Real Estate

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What You Must Consider Before Investing in Dubai Real Estate

Want to invest in Dubai Real Estate, but feeling a bit apprehensive? You are right to proceed with caution, especially if you are a novice in this field. Investors who do not have real estate experience might get carried away and take unnecessary risks. However, when it comes to a stable and booming market such as real estate in Dubai, you have little to worry about. As long as you consider the following key factors, making the right decision will become a piece of cake. These five steps will not only help you choose the right property, but they will also set you up on the path to success as a real estate investor in Dubai.

  • Your objective behind investing in Dubai Real Estate

Before you start looking at potential properties, make sure you have a clear objective in mind. Most investors focus on the return on investment, be it through long-term capital gain or through an annual yield. The Dubai real estate market is versatile and flexible. It can accommodate the needs and objectives of both seasoned and novice investors. All you have to do is analyze what you want and decide your next steps accordingly. Do you want to buy a vacation home? Or, do you want to buy a luxury villa that you can rent out to make a sustainable income? Once your objective is clear, you will know where and how to invest.

  • The location can make all the difference

When it comes to real estate, location is everything! It is even more important to those who are looking for an investment opportunity in Dubai Real Estate. Of course, a great location means a hefty price tag, but it also means high property value, which makes it a great asset for any investor. The better the location, the higher the return on investment. However, simply choosing a popular location might not fetch you the desired outcome. The location you have chosen must also support your overall objective. What you intend to do with the property should tell you where it should be situated.

  • A clear understanding of market trends is necessary

Researching and analyzing market trends and stats is perhaps one of the most important steps that you must take care of when you are planning to dip your toes into the pool that is Dubai Real Estate. You need to educate yourself by reading up on investment patterns, current trends and future predictions. When you are confused about which location will fit your objective the most, this particular research will come in handy. You will also get to know about investment terms and other aspects that you may not have known before, and this knowledge will prove to be invaluable as you go forward.

  • The difference between expenditure and investment

Once you have taken care of the factors mentioned above, it is time to get your finances in order. At first, you need to look at your spending and savings patterns, and then do some math! Figuring out exactly how much you can afford to invest in a particular property can seem daunting. However, it is easy when you know a simple formula.

For example, if you are planning to invest and then put the property on rent, you will need to subtract the cost of taxes, maintenance, repairs, and insurance from the rent you are expecting. The sum you will be left with will be your profit or cash flow.

On the other hand, if you want to use the property as your home or holiday home, you will have to subtract the price of the property and your monthly expenses from your yearly income to figure out your cash flow.

The exact figure will certainly depend on your objective as well as the state of the market. However, internationally renowned markets such as Dubai real estate tends to produce a higher ROI than others, generally in the range of 6 – 8% per annum.

  • Guidance from the best real estate agent

Hiring a competent real estate agent is the final step in the preparation stage. No matter how well you have studied the market, it cannot compare to the industry experience of a professional. You need the assistance of someone who is familiar with the trends and developments in Dubai Real Estate. Only a reliable real estate agent can help you make the most of your investment.

With these factors in mind, you should be ready to take the plunge. Take advantage of the post-pandemic boom, and make the most of your money.

Get the best investment advisory services in Dubai from our experts at RiseUp Holding.

OUR PREDICTIONS FOR Real Estate in 2021

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1. Regional Ties Improvement
Real Estate In 2021 in Dubai and the world, we will notice improvements in ties within the region with countries which will bolster cross-border investments and result in further tourism and investment opportunities. This will happen due to Expo taking place in 2021 and also in anticipation of the upcoming FIFA World Cup. This will give a much-needed push to inter trade as well, which will also result in further more businesses being set up within the region, in particular due to the change in requirements for local partners in various business categories.

2. Apartments Price Growth – Real Estate 2021 

Post Covid, there has been an unexpected increase in the prices for villas and townhouses, in particular in the luxury segment. This happened due to end-users preferring to have certain amenities which are only accessible in villas or townhouses for their kids to be outdoors as opposed to being indoors in apartments. This caused a strain on the prices of apartments, and due to the prices dropping within this segment, we will notice a rebound in the apartment prices this year as investors and end users alike will realise that better deals and opportunities will lie within apartments, so they will start to slowly shift their focus there. This might also result in slight adjustment of prices within the villa and townhouse community.

3. Primary Property Price Growth

2020 was the year of the Covid, and that caused a domino effect which resulted in the feds stepping in and printing money. The Feds have injected over USD 9 Trillion into the economy, which equals 22% of the circulating USD printed in just 2020. The majority of this money has gone into the stock market which has resulted in unprecedented gains during 2020. Eventually this money will move out of the stock market and make its way to properties, in particular in the hands of institutional investors, and this will give a massive boost to all primary cosmopolitan markets across the globe.

4. Further Reduction In Rentals

The rental market will continue to see a drop within 2021, but it will not last the year. More tenants will shift their focus towards buying, due to the price reduction in apartments, and that will push the property prices up. Based on furthermore businesses opening and job opportunities, more migrations will happen within the region, and tenants from outer emirates will look at shifting to Dubai based on the rental opportunities, which will then in turn push the rental prices up. This will furthermore lure in investors who are looking at rental income-generating assets in Dubai.

5. Israel Investments

Since the normalization of ties within the two countries, we will look at a heightened level of interest from investors in Israel to enter into the UAE market. Beachfront properties in Tel Aviv start from a range of US$ 3,000 Per Sq.Ft; whereas similar luxury properties in Dubai can start from US$ 500 Per Sq.Ft, which will make it very attractive for investors from Tel Aviv as they look at beachfront assets for holiday homes or short term rentals. The overall boost will not only benefit the real estate sector, but also technology and infrastructure.

For more information on Real Estate 2021 market in Dubai, you can reach out to us via email info@riseupholding.com or phone +97143887440.

POST-PANDEMIC: UAE REAL ESTATE WILL OFFER QUITE A FEW CHOICES

There is only one topic on everyone’s mind right now, and no points for guessing what that is. I’m going to talk about what happens next.

I believe the first noticeable change will be in our spending habits once the world goes back to what we used to term normal. Where we used to freely spend our money — hard earned or easy — we might choose to be a bit more frugal. We have realized how critical it is to have savings and more importantly, the right investments.

In addition to savings, we will start to allocate our disposable incomes to forms of investments. Global stocks have seen a decline of 25 per cent; over 50 per cent of businesses globally have come to a standstill based on national directives, which means the ideal investments are hard assets.

There are multiple reasons as to why we should be bullish on real estate. Firstly, #StayAtHome and #WorkFromHome initiatives have taught us that a good portion of our work can actually be done over emails and video conferencing. This change in outlook on work will have a domino effect on our housing choices.

INCENTIVE TO OWN in Dubai

We will choose to upgrade to bigger homes, with more open space and study rooms. This will eventually result in us choosing to own homes as opposed to renting them, as basic human tendency dictates that if we are to spend all that time, money and effort on upgrades, we would rather do it on what we own. Buyers and tenants alike have started to express interest in villas and town houses as opposed to apartment or penthouses in Dubai.

Secondly, the drop in interest rates and a higher borrowing cap of 80 per cent will allow many to enter the market. If for instance we are buying a property at an interest rate of 3.5 per cent and which is generating 8.5 per cent gross income; then we are still taking home on average 5 per cent per annum. That is still far higher than in many international real estate markets.

Similarly, tenants who have 20 per cent deposits saved up could acquire their own property, wherein the mortgage payments will replace their rental payments.

INVENTORY DROP

Thirdly, we might see a reduction in inventory of short-term rentals. I see this trend changing not only because of reduced travel, but based on the comfort level of travellers. We might opt for known hotel chains, based on our expectation of hygiene standards that will be maintained by such property networks. Or else they will be held accountable for it. This will in turn put more units in the long-term rental market, which will create healthy competition for tenants and ensure landlords with the best maintained properties will fare the best.

LIQUIDITY SEARCH

Fourthly, I feel property owners might require liquidity to fund their business or perhaps other commitments, and in the instance they are unable to raise money, they might need to exit from their real estate holdings. They will need to do so in a time-bound manner, which will be prime-time for those investors sitting with funds to enter the market at attractive acquisition values.

While this might come across, as someone taking unfair advantage out of a pandemic, this has been an unsaid rule of business — one man’s loss is another man’s gain.

The UAE government has acted promptly to reduce the negative impact of Coronavirus. RERA confirmed the move to lower the cost burden on homeowners by reducing the service charges, which will give much relief to landlords. Dubai and Abu Dhabi tenants struggling to pay their rent during the pandemic are exempt from eviction as per new directives.

These gestures reflect the leadership’s humanitarian considerations at a time when people are facing never-before-seen challenges. In times like this, the UAE has proven that it looks after the interests of the entire society. This gives its investors the confidence to further bolster their contribution to the country.

WATCH THE VIDEO VERSION OF THIS ARTICLE:

Source: Gulf News – Written By Aakarshan Kathuria

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