Real estate investment is seen as a lucrative means of generating long-term wealth as well as the accumulation of personal assets. Nevertheless, investing in properties does not always provide the best scenarios of returns on investments (ROI). Proper knowledge and understanding in the core competencies of property investments need to be realised first before formally submitting an interest in any particular real estate project. Still, upon favourable market forecasts and benchmark indicators, there is still confidence that investing in properties may still yield exceptional results if the perfect opportunity arises.
Dubai has been suffering a decline in recent property sales prices due to overwhelming supply to demand ratio. Although the reasons behind the current situation may be attributed to various compelling situations in the global economic environment, the fact of the matter remains that this due decrease in property prices opens up doors for foreign investors to look at. In the simplest of terms, by buying a cheaper property now, investors are looking to gain higher margins of revenue later on in the business cycle. This proves that now is the time for investors to start looking into Dubai’s real estate industry for the medium-to-long term benefits.
A prime example of Dubai’s upcoming development project is the prospective Port de La Mer apartments by Meraas. Offering options of 1 bed to 4 bed houses, the upcoming exclusive project is looking to provide for all residential needs. Situated in the North Peninsular areas of La Mer, this new residential development will have a lot to offer with its surrounding beachfronts, chic dining experiences, luxurious shopping and other residential opportunities are also in the works. Port de La Mer apartments are just one of a number of many other property developments looking to offer great investment opportunities for both domestic and foreign buyers. Golf Grove by Emaar is another example of premier residential living coming within the next few years. With most of these residential communities providing great access to Dubai’s well-known beaches and iconic landmarks, it is evident that interest will soar once these projects reach closer to their completion dates.
In conjunction with next year’s World Expo 2020, Dubai is looking to promote more of its real estate plans within this year. Having to cater towards a booming number of visitors in the coming year, development projects nearing completion will provide more incentives for potential investors to look into, before committing for profitable gains. Having a number of other large-scale events planned further down its pipeline, Dubai will continue to become a famous destination for people to flock together, ensuring continuous business potential and longevity. Throughout the ups and downs of the local and global economy, numerous price fluctuations, government policies and real estate incentives have been observed. However, being a staple name and consistent market generator for both its domestic and foreign business industries, investing in Dubai has never been a more interesting choice than where it is now.