Property in Dubai
Do you want to buy property in Dubai? Contact the experienced specialists of Ax Capital agency: they will select for you the best properties that match your wishes and budget. Thanks to cooperation with leading developers, they also have the opportunity to select the most advantageous offers for the customers. Houses in Dubai Hills the UAE are recently gaining a lot of attention from the customers. Ax Capital can offer their clients best offers in this area, both of villas and apartments.
Changes in the off-plan real estate market in Dubai
The real estate market in Dubai is changing every day. And the main reason for such changes is the increase in prices for properties. The situation is very interesting: the market remains invariably high demand, and developers are increasingly announcing new projects. However, some segments of buyers may need help paying.
Today, many developers offer different payment options, but during the construction phase, buyers make a large number of payments. And in the face of rapidly rising prices, this approach can reduce the interest of the final buyers. Experts say that some developers have even switched to certain payment plans that do not provide for payments after construction is completed. And in some cases, they even increase the amount that buyers need to pay during the construction period.
Developers claim that the reason for the change in payment plans is the increase in costs associated with construction: in particular, this concerns the increase in the cost of building materials. At the same time, some companies make profitable offers to customers: for example, you can increase the down payment, but at the same time provide the client with a significant discount of 10-20%.
Ambitious project in Dubai
It is difficult to imagine what kind of projects developers have not announced in Dubai, because in the emirate, perhaps, absolutely all types of real estate are presented. However, Oppidum was able to interest potential buyers with a very unusual project – underground bunker houses.
According to the developer, the premium real estate segment lacks precisely this type of housing, and fortified underground residences will definitely find buyers among the super-wealthy people from around the world. According to the CEO of Oppidum Yacoub Zamrazi, a person always strives to ensure his safety and protection. And unusual real estate from Oppidum offers its clients the most secure projects.
- It is noteworthy that the concept of such real estate is not only maximum protection against unforeseen circumstances. It is also suitable for leisure and business. An interesting fact: the developer will build such housings directly on the client’s land so that he can have quick access to it.
- The design and construction of the facility will take into account not only the highest standards in safety and engineering, but also the preferences of customers. And as a result, the underground bunker house will be a personalized living environment.
Villas for sale in Dubai are rising in price
Villas in Dubai over the past year have increased in price by 20.2%. Looking at just three locations – The Palm Jumeirah, Emirates Hills and Jumeira Bay – property prices there have risen by a staggering 58.9% (excluding land sales), with average deals showing buyers spending an average of AED2,700 per square foot.
“Based on how the prices of villas have changed, they are only 12.9% behind their all-time high set in 2014,” Durrani said. “Even so, we believe that luxury real estate in Dubai is still much cheaper than in London or anywhere else. The same applies to real estate by the sea.”
According to Knight Frank, USD 1 million spent on a luxury home in Dubai is worth 1,300 square feet. For comparison, in London, the buyer for this amount will receive an apartment of only 330 square feet.
Real estate agency in Dubai
Do you want to buy property in Dubai? Contact the specialists of the Ax Capital real agency, and we will select for you the most optimal objects for personal residence or investment.
