The glittering skyline of Dubai rivals the most iconic cities in the world. From the dizzying heights of the Burj Khalifa to the mesmerizing landscape and astonishing feats of architectural genius, this visionary city is one of the most coveted vacation destinations in the world. Dubai’s incredible landmarks, like the Dubai Mall, draw millions of international visitors each year, and the city’s opulent estates provide a luxe respite for celebrities and high-profile buyers.
The real estate market in Dubai is as breathtaking as the city itself. Sleek high-rises soar above the clouds, while masterfully planned communities offer every amenity and luxury you could possibly dream of. This market is a thrill ride of grandeur and elegance, but there are several factors to consider before choosing your perfect vacation home.
For example, you may desire a community containing every necessity and luxury of daily life, from a post office and florist, to posh shopping and world-class restaurants. Already home to 200,000 residents, Dubai Creek Harbour real estate is ideal for those seeking the benefits of a fully-inclusive community, as well as the high drama and architectural significance for which Dubai is known. Dubai Creek Harbour is 10 minutes away from the Dubai International Airport, and 10 minutes away from downtown. It is also home to the astonishing Dubai Creek Tower, a soaring structure set to loom even larger than the famed Burj Khalifa.
2. A top real estate agent
A reputable agent, especially one with a background in wealth management, can bring tremendous support and expertise to the property search and can guide the buyer to the ideal neighborhood and property. Realtors are exceptionally skilled negotiators, and working with a professional can make the property acquisition process smoother and more lucrative than attempting to fly solo. This is especially true for an international market like Dubai, where rules and regulations may differ from those to which you are accustomed. The market is highly competitive here, and working with a knowledgeable real estate agent ensures the greatest chance of securing the home of your dreams.
3. Property type
For example, if you plan to invite guests to spend time with you throughout the year, a spacious, sleek condominium in a residential tower near Dubai Square may be perfect. With top-tier restaurants and luxe boutiques mere moments away, you and your guests will have your choice of establishments to frequent.
Perhaps the most important question to ask yourself is what kind of lifestyle best suits your family. You may adore spending days out on the water or revel in taking your kids to the park for the afternoon. If nature is an important element in your daily life, consider a community committed to incorporating greenspace and wildlife into its design. The Dubai Creek Harbour housing market and town square are celebrated for their seamless integration of wild beauty and dazzling structures.
If shopping and fine dining appeal to you, search for homes near Dubai Square. Costing a whopping $5.5 billion USD to construct, and occupying 2.6 million square meters, this spectacular complex melds European elegance with the latest sartorial superstars to create a stunning global retail center and epicurean haven. A balmy climate and picturesque views make boating a favorite pastime in Dubai, and marinas dot most waterfront neighborhoods. If nautical life is a pleasure for your family, you may want to explore communities containing marinas and yacht clubs. Dubai’s commitment to greenspace is stellar, and neighborhoods often sport lush landscaping and pristine parks for residents to enjoy.
Your real estate agent can help update you on Dubai’s purchasing guidelines, including how much to set aside for a down payment if you choose to finance your property with a mortgage. Dubai is a tax haven, and your agent can advise you on how this benefit may affect your purchasing power.
Interested in a Dubai vacation home? Work with Fawzi Hamze
*Heade photo courtesy of Fawzi Hamze | The Assets Advisors Real Estate