With the population of Dubai expected to reach 5 million by 2023, the city has become an attractive destination for investors. Emirates Living is one of the most luxurious residential areas in the city, offering world-class amenities and a wide range of housing options. If you are thinking of investing in Emirates Living, there are several factors that you should take into consideration.
In this blog, we will discuss the factors in detail that you should consider before investing in Emirates living.
Reputation and history of the developer
The developer of Emirates Living in Dubai is Emaar Properties, one of the world’s leading real estate development companies. Established in 1997, Emaar has grown to become the largest and most successful real estate developer in the Middle East and North Africa, delivering some of the most iconic projects such as the Burj Khalifa and Dubai Mall.
Relevant: Top Successful OFF Plan Project Developer in Dubai
Emaar has a strong reputation for quality, innovation, and customer service, and is well-respected in the region for its commitment to excellence. The company’s projects are renowned for their innovative design, superior craftsmanship, quality construction, and excellent customer service. Emaar is also dedicated to promoting sustainability and responsible development, and has earned numerous accolades for its commitment to energy efficiency, green building and sustainability.
Why Invest in Emirates Living?
Investing in Emirates Living is an excellent option for luxury real estate seekers. With an estimated growth of 10.7% by 2023, Emirates Living is one of the most attractive real estate markets in the world today. The area is renowned for its high-end lifestyle, and exquisite architecture.
The area has excellent access to retail, entertainment, and leisure facilities, and is home to some of Dubai’s most luxurious shopping malls. Emirates Living is also close to the Dubai International Airport and is connected to the rest of the city by the Dubai Metro.
Moreover to its great location, Emirates Living is also an excellent investment option due to its long-term growth potential. According to a study by Knight Frank, the area is expected to grow by 10.7% over the next five years, making it one of the most attractive real estate markets in the world today
Wide Collection of free-hold Developments
Emirates Living is renowned for its wide collection of free-hold developments and offers a luxurious lifestyle for investors. In 2023, Emirates Living has an estimated 8659 residential units spread across the area, ranging from villas and townhouses to apartments and penthouses.
These developments are strategically located close to nearby amenities, such as malls, schools, health care facilities, and public transportation, making it an ideal place to live and invest. The area’s free-hold developments are designed with modern finishes, premium fixtures, and superior-quality interiors.
Additionally, many of the developments are equipped with the latest smart home technologies and provide 24/7 security for added peace of mind. With its luxurious lifestyle, excellent location, and premium finishes, Emirates Living is the perfect choice for those looking for a secure and comfortable place to invest.
Sub-communities in Emirates Living & Living Options
Emirates Living is an exclusive master-planned residential community in Dubai, United Arab Emirates. It is located within the Emirates Hills and comprises five sub-communities, including Emirates Hills, The Springs, The Meadows, The Lakes, and The Views. Each of these sub-communities offers a unique lifestyle and living options for its residents.
Emirates Hills
Emirates Hills is an exclusive, luxury residential community located in Dubai, UAE. It is a stunningly beautiful neighborhood that offers a unique combination of luxury living and breathtaking scenery. Emirates Hills is renowned for its luxurious villas, lush landscaping, and picturesque views of the Dubai skyline.
In addition to its attractive price points, Emirates Hills offers a range of additional benefits including 24-hour security, and convenient access to the city’s business hubs. In 2023, the area is set to benefit from the completion of the Dubai Metro’s Red Line, which will make it even easier to commute to the city center or other areas of Dubai.
The Meadows
The Meadows is the perfect investment option for those looking for a luxurious and secure real estate opportunity. Located in the heart of a bustling hub of activity in the city of 2023, The Meadows offers a range of exceptional features to ensure that your investment is safe and rewarding. The Meadows boasts a range of high-end condos, townhouses, and single-family homes, all with luxurious features and modern designs.
Residents enjoy state-of-the-art facilities such as a community pool, fitness center, and clubhouse, as well as access to a variety of dining and entertainment options. With a median home price of $450,000, The Meadows provides an excellent opportunity for investors to capitalize on the growing demand for real estate in the city.
The Springs
The Springs is an exclusive real estate development in the heart of Florida’s panhandle. With its stunning location, and luxurious living spaces, The Springs is the perfect option for those looking to invest in a premier residence.
The Springs offers potential investors the opportunity to own a piece of paradise with a variety of property types to choose from. From wide-open single-family homes to spacious multi-family homes, The Springs has something for everyone.
The Lakes
The Lakes is a premier sub community of Emirates Living, located in the heart of Dubai. Offering luxury homes, and a wide range of activities, The Lakes is the perfect option for those looking to invest. As of 2023, The Lakes will be home to more than 11,000 residents, and more than 2,000 villas and townhouses.
Residents will also enjoy the community’s modern sports and recreational facilities, as well as its lush green spaces and landscaped gardens. The Lakes is a great investment option for those looking for a luxurious lifestyle in a dynamic and vibrant community. With its stunning homes, and high-end recreational activities, The Lakes offers a one-of-a-kind lifestyle that caters to every need and desire.
The Views
The Views is a sub-community of Emirates Living and is one of the most sought-after locations for property investment in the UAE. With panoramic views across the iconic Dubai skyline, The Views offers luxurious living with its contemporary apartment buildings, townhouses, and villas. From the data collected in 2023, The Views boasts a high rate of return on investment, with a capital appreciation of up to 11% – one of the highest in the Emirates Living neighborhood.
The Views boasts an impressive rental yield of 8% – amongst the highest in the area. The Views is the perfect choice for luxury property investment in the UAE, and with its impressive rental yields and capital appreciation rate, it is a lucrative choice for investors.
Features By Emirates Living
Transportation
The Emirates Living in Dubai is served by a comprehensive network of public transportation, including buses, the Dubai Metro, and taxis. The Dubai Metro is the fastest and most convenient way to get around the area, with both Red and Green Lines running through the Emirates, providing access to key areas such as Downtown Dubai, Dubai Marina, and The Palm Jumeirah.
Buses are also available, and run throughout the day, providing a more economical form of transit. Taxis are also available and can be hailed from the street, or ordered through the Careem or Uber apps.
Worship Places
Emirates Living is a popular residential area in Dubai located near some of the most important worship places in the city. The Green Mosque, Hamel Al Ghaith Mosque, etc. are nearest to the area. Additionally, there are several churches, temples, and other places of worship in the area that cater to a variety of religious backgrounds.
Nearby Beaches
Emirates Living is one of the most sought-after locations in Dubai, renowned for its stunning scenery, luxurious lifestyle, and proximity to the beaches..
The area is just 15 minutes away from bine beach, black palace beach, private beach, sufouh beach, and almost 20 minutes away from Marina Beach
Schools & Institute
The Emirates Living area of Dubai is home to a number of notable schools and institutes. At the primary and secondary level, there is the strategic training institute, American school of Dubai, and the Gems Wellington international school. All three of these schools offer a high-quality education and are renowned for their rigorous academic standards. Overall, the Emirates Living area of Dubai is home to a wide range of schools and institutes, providing residents with an array of educational opportunities and resources.
ROI
Investing in The Emirate Living in Dubai is a profitable venture with a high return on investment (ROI). Emirate Living has a projected ROI of 6.9%. This is significantly higher than the average ROI for residential properties in Dubai, which is 5.4%.
Apartment, Villas & Townhouse prices
In 2022, the average prices of apartments, townhouses, and villas in The Emirates Living in Dubai were high. In 2023, apartments are estimated to cost around AED 3m for a standard two-bedroom variety, with larger three-bedroom and four-bedroom properties costing upwards of AED 4m. Townhouses are estimated to cost around AED 5m and villas are expected to range from AED 7m to AED 14m depending on the size of the property and its location within the development.
Amenities & Features
As mentioned before The Emirates Living community in Dubai is a luxurious, modern neighborhood that offers a wide range of features. Residents can enjoy a variety of amenities such as swimming pools, gyms, tennis courts, golf courses, parks, and playgrounds. The community also features a variety of retail and dining options, including supermarkets, cafes, and restaurants.
The community is conveniently located near the city center. Emirates Living also offers a range of security and safety features, including 24-hour security and CCTV monitoring, as well as secure parking.
Museums
Emirates Living has the best museums around the area for the art lovers that include the history of cinema museum, riot art gallery, aref & melisaa, al sufouh archeological site and much more within the distance of 10 to 20 minutes of drive.
Things to do in Emirates Living
- Shopping at the Dubai Marina Mall
- Dining at some of the top restaurants in the area
- Enjoying the beach at the JBR Beach
- Exploring the Dubai Marina Walk
- Taking a boat ride along the Dubai Marina
- Visiting some of the beautiful parks such as the Al Sufouh Park
- Playing golf at the Emirates Golf Club
- Taking a dip in the swimming pools of the area
- Visiting the Dubai Miracle Garden
- Taking a stroll along the Jumeirah Beach Residence Walk
What are the Couple Cost to Live in Emirate Living? Location and accessibility
Property prices and trends
The average property price in Emirates Living is AED 3 million, while the average rent is AED 130,000 per year. The property market in Emirates Living has seen an overall increase in prices. In the past 12 months, the average price for a residential property in Emirates Living has risen by 12%. The area is a popular choice for families due to its proximity to high-end lifestyle it offers. There are a number of luxury developments in the area, and these have seen some of the biggest price increases.
Community facilities and amenities
The cost of community facilities in Emirates Living in Dubai varies depending on the type of facility. According to the Dubai Land Department, some of the amenities in the area include parks, swimming pools, gyms, playgrounds, and basketball courts, which may range from AED 1,000 to AED 4,000 per month to rent.
Rental yields and demand
Rental yields in the Emirates Living area of Dubai are generally very high. The average rental yield in the area is approximately 8-9%, with some areas showing yields of up to 10%. Demand for rental properties in the area is also very high and the area is particularly popular with expats.
Maintenance and upkeep costs
The maintenance and upkeep costs of the area Emirates Living in Dubai vary depending on the size and type of property. Generally, for a villa or townhouse, the costs can range from AED 2,000 to AED 4,000 per year. This includes the cost of gardening, pest control, pest management, and pool maintenance. Additionally, utility costs including DEWA water and electricity charges, gas, sewage, and telephone bills can range from AED 5,000 to AED 10,000 per year.
Future development plans for the area
The Dubai government has plans to make Emirates Living the city’s premier destination for luxurious living. The area has already seen extensive development in recent years, with the opening of best shopping malls, restaurants, and entertainment venues. The government plans to further develop and enhance the area by building more high-end residences, creating open spaces, and improving the infrastructure. The government plans to bring more greenery to the area and create more parks, recreational areas, and pedestrian pathways.
Legal and regulatory considerations
Tax implications and fees
The taxation system in the UAE is based on a self-assessment regime, where residents are required to declare their income and submit the relevant tax returns. The UAE does not have a personal income tax system, but there are certain fees and taxes that are applicable to those living in the Emirate of Dubai. These can include:
- Real Estate Tax: This tax is applicable to all real estate transactions in Dubai, and is currently set at 4%.
- Property Tax: This is a tax on properties owned in Dubai and is currently set at 4%.
- Transfer Fee: This is a fee charged on all property transactions in Dubai and is currently set at 4%.
- Other Fees: There may also be other applicable fees and charges, such as stamp duty and registration fees for certain transactions.
Market stability and demand outlook
The real estate market in Emirates Living in Dubai is considered to be stable and is expected to remain that way for the foreseeable future. The demand outlook for the area is expected to remain strong, as the area is popular among both investors and end-users. The area is well-connected to the rest of the city, making it a desirable location for businesses and families. With the city’s plans to further develop the area, the demand outlook is expected to remain positive.
FAQs
Q: What are the popular communities in Emirates Living?
Ans: The most popular communities in Emirates Living are; Emirates Hills, The Springs, The Lake, The Meadows, and The Views.
Q: How can I find a property for rent or sale in Emirates Living?
Ans: You can find the exotic and luxurious properties in Emirates Living for sale or rent through the top real estate agency – Next Level Real Estate.
Q: What is the average sale price for a villa in Emirates Living?
Ans: The average sale price of the villa in Emirates Living ranges from AED2.5 million to AED25 million.
Q: What is the average rent for a villa in Emirates Living?
Ans: The average rent for a villa in Emirates Hills (the sub community of Emirates Living) is 1,556,610 AED.
Q: What are the facilities available in Emirates Living communities?
Ans: Shopping malls, restaurants, cafes, golf courses, tennis courts, parks and children’s playgrounds., beaches, schools, security and a system of CCTV cameras.
Q: Is it possible to find furnished properties in Emirates Living?
Ans: Yes, it is possible to find furnished properties in Emirates Living. There are many real estate agents, such as Next Level Real Estate that specialize in furnished properties in the area.
Q: What is the average length of a rental contract in Emirates Living?
Ans: Two years is the average of the rental contract in Emirates Living.
Q: Are there any restrictions on who can rent or buy a property in Emirates Living?
Ans: Yes, there are restrictions on who can rent or buy a property in Emirates Living. All purchasers must be UAE nationals or companies registered in the UAE, and all tenants must be aged 21 or over. Expatriates must also have valid residency visas in order to be able to rent or buy a property in Emirates Living.
