There is a massive migration of individuals into Dubai. Approximately 17 million people visit tourist sites alone each year. During the period 2020-2022, the city welcomed around 5.5 million people despite the pandemic. The UAE’s largest metropolis also attracts interest from other segments of the population, including ex-pats living abroad, business and industry leaders, highly skilled labor migrants, etc.
By purchasing an apartment or villa in Dubai, and offering it for short-term rent, an increasingly popular option for travelers seeking a “homely” and authentic vacation experience, investors can also profit from the high demand for short-term rentals and the high tourist turnover in the city.
The market responds to the increased demand for rental accommodation with a comparable supply of 60–65 thousand new real estate structures each year, with developers reporting a 250% increase in annual profit. Given that the economy is expanding by 3-4% annually, it is clear that the Emirate’s market has plenty to offer prospective investors.
We have prepared a comprehensive article to help you make a million by investing in Dubai Properties 2022.
Keturah Reserve
Keturah Reserve is a luxury residential development by MAG Group that is part of the Keturah luxury real estate and hotel brand. The AED 3 billion (USD 816.7 million) Meydan project was launched in Q4 2022. Those looking to reside in a developing community minutes away from the exhilarating Downtown Dubai would appreciate Keturah Reserve’s beautifully planned and conceptualized development.
Keturah Reserve by MAG will be a luxury development in MBR City. There are 3-story 4-5 bedroom townhouses available, each with an outdoor private swimming pool, a terrace, a roof deck, and a double parking spot. Keturah Reserve will be located in one of Dubai’s most prestigious neighborhoods, Meydan, and will be surrounded by gourmet restaurants, popular attractions, and various leisure destinations.
The new luxury residential development in Meydan; one of Dubai’s most sought-after residential districts is being built for AED 3 billion. The project provides transformational living through space design and is the Middle East’s first residential development to immerse people in nature through the ‘Bio Living’ concept. Keturah Reserve is a location to care for one’s inner self, inspired by the concept of “from the inside out.” All amenities, activities, and food and beverage services have been carefully selected with this in mind.
Palm Gateway by Nakheel
The Palm Gateway will be a waterfront residential and entertainment complex with three high-rise structures housing 1,265 opulent apartments with one to three bedrooms. There will be a tonne of dining, shopping, and health and exercise amenities at the site, including parks, pools, and sports fields.
The Palm Gateway will also have its beach club and park, a shaded, landscaped complex with a diverse range of waterfront dining and shopping options, a pool, barbecue areas, and fitness facilities, including a jogging track. It will have panoramic views of Palm Jumeirah, the Arabian Gulf, and some of Dubai’s most well-known landmarks.
At Palm Gateway, you are exposed to top-notch amenities designed to help you unwind and concentrate on what matters—nurturing your mind and body to be the best they can be. It’s all about you, whether you choose to meditate in the peace of our yoga area, exercise in the cutting-edge gym, or pamper yourself in our first-rate spa facilities.
Burj Binghatti Jacob & Co Residences
Brimming with bold and profound ideas, breaking new ground in the high-end architectural and horological sectors, Binghatti and Jacob & Co join forces to exceed boundaries never thought conceivable – an incredible architectural and design luxury accomplishment the world has never seen before.
There is no better skyline than sparkling Dubai, and there is no better spot to appreciate it than the 100-story, prestigious Burj Binghatti Jacob & Co Properties, which features luxury 2, 3, 4, 5, and 7-bedroom residences for sale. There are two-bedroom apartments in The Sapphire Suite Collection and three-bedroom apartments in The Emerald Suite Collection for sale, as well as five penthouses in the Fleurs De Jardin, Astronomia, and Billionaire designs.
Burj Binghatti Jacob & Co Residences is a new luxury residential project that is set to become the world’s highest residential structure. The current record holder is New York’s Central Park Tower, which is 472.4 meters tall. The new over-100-story tower will be built in Business Bay, close to iconic landmarks and popular areas of Dubai.
Purchasing a residential unit at Burj Binghatti Jacob & Co Residences is the ideal option for individuals seeking ultra-luxurious living in the world’s tallest residential structure and one of Dubai’s most desired locations.
Torino by ORO24
Torino by ORO24 is a luxury residential development that provides finished studio, one-, and two-bedroom apartments in Arjan, Dubai. These residences are of the developer’s highest caliber and are further stocked with all the amenities for your comfort and convenience. Residents of Dubailand will have hassle-free access to the rest of the city because of its prominent location at Arjan. Additionally, it provides quick access to the main highways, such as Sheikh Zayed Road, which provides straightforward navigation to the desired well-known essential location.
Torino is an innovative project that offers homeowners a rare blend of cozy indoor living and opulent outdoor living, all wrapped up in cutting-edge design with sustainability at its core! The idea develops a brand-new residential community that maximizes usable outdoor space with gardens, parks, and a host of opulent amenities while celebrating “Modern Living” inside the apartments. The apartments’ sophisticated space-planning techniques give maximum living space with enhanced storage areas and unprecedented functionality.
Read: Why Buyers From France, Italy & Russia Invest Dubai Real Estate?
The Torino development has a variety of exquisitely finished studio, one-, and two-bedroom apartments as well as retail establishments. The development comprises state-of-the-art amenities like beautifully decorated interiors, fully equipped kitchens, spacious bathrooms, and more. You can relax on exquisite balconies and patios to make the most of your space and feel closer to nature.
Aziz Riviera
One of Azizi’s premier projects, Riviera, is situated in Meydan, the center of Mohammed Bin Rashid City (MBR City), in Dubai. Riviera has a desirable position and is conveniently located near Meydan Racecourse, the site of the Dubai World Cup, and several sports and leisure facilities. Riviera is also close to Downtown Dubai and Dubai International Airport. The famous mixed-use development, which takes its cues from the French Riviera, will include residential units, shops, and several on-site amenities.
A prominent developer with a base in Dubai, Azizi Developments has a wide range of contemporary, luxurious residential and commercial properties in some of the most sought-after areas of the city. Our homes accommodate diverse lifestyles as part of our mission to improve the lives of our residents and investors.
Check: Get Golden Visa to Invest in Dubai for Long-Term Residency?
A multi-phase development, Azizi Riviera consists of 71 structures spread across four stages, 13 regions, a massive integrated shopping area, opulent four- and five-star hotels, and a verdant landscape. A total of 35 buildings make up Azizi Developments’ Riviera project at Meydan in Dubai, which will have a mix of studio, 1, 2, and 3-bedroom apartments.
The focus of the new Azizi Riviera is communal living, which evokes the traditional Mediterranean Riviera way of life with a modern, contemporary perspective. You will always feel safe and warm thanks to long walks on paved roads, stunning sunsets, and being close to water transportation, yachting facilities, and a planned marina.
Conclusion
Buying to let is a lucrative investment as rentals remain the popular choice for buyers looking to make a steady investment with attractive property prices and payment plans, and more. Investors looking at buy-to-let properties in Dubai can expect an ROI of 5% – 6% for ready properties.
If you want to make millions in Dubai, then there is no better option than investing in Dubai properties. At Next Level Real Estate, you can browse through an extensive collection of Dubai properties that will help you earn high rental yields and a greater return on investment.
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