The global financial crisis has affected markets all over the world. The Dubai market, which is distinguished by its stability and security, the crisis also did not leave aside. Despite this, the UAE economy has shown the effectiveness of its modern mechanisms, the country's development continues, and Dubai remains one of the best cities for life.
In connection with the situation, the UAE government quickly and timely responded to the crisis and took the right measures. The state has committed itself to guarantee all deposits and deposits in local and international banks. To support liquidity, US $ 33 billion was invested in the banking sector of the economy, and special financial instruments have been created to help both investors and developers.
As in many other countries, the crisis has affected the real estate market, which has affected the reduction in prices per square meter, even in the most prestigious areas. Now the market is focused on the final owner, but for investors prices are again attractive.
Today, investors do not enter into risky projects at the construction stage, waiting for their readiness for 2-3 years. They have the opportunity to buy ready-made real estate at 2004 prices and rent it, returning investments with a capitalization of up to 25% per annum, while realizing that the crisis is not forever, and prices will return to their previous level, especially in prestigious areas such as Dubai Marina, Jumeirah Lake, Business Bay, TECOM. These areas, created for a free, comfortable and enjoyable life and doing business, have a high level of the latest technologies and developments, both for business activity and for an excellent holiday. Such places today are not so many, and "citizens of the world" value comfort, safety and luxury. This is what Dubai offers them!
All of the above gives us confidence that the Dubai real estate market is still investment attractive and reliable. International investors will invest in safety and quality, which may well mean that property prices in Dubai will rise again, and today's crisis is nothing more than a slowdown in the market.
In many areas of the finished housing market, there is a serious shortage of offers, which means that this sector should not suffer much from the consequences of the crisis. The commissioned facilities are finding their customers now, and the office space is excellently rented, the payback of which is a maximum of 6 years. Currently, there is a real opportunity to purchase real estate at affordable prices, with subsequent rental or for your own residence.Dubai is chosen by lovers of a comfortable, secure and peaceful life! Europeans, Russians, Asians spend their retirement years here. Here businessmen from America, Iran, Russia, India and the countries of Europe teach children and earn capital. Upon retirement, many Europeans sell their homes and use the proceeds to buy cozy houses on the Persian Gulf, and for the remaining funds - apartments or offices for rent, which provides them with a comfortable and carefree life in Dubai.
No taxes, high standard of living, chic restaurants and hotels, fashionable boutiques and salons, beautiful beaches and golf clubs, a well-established infrastructure of services - all this is possible only in Dubai! Today, in the days of the global crisis, real estate prices have become affordable for many, and this is your chance to get a place in the Dubai sun!
Living here is comfortable and affordable!
Prices are back to 2005 levels!
Jumeirah Island is a project in which a variety of styles, designs and layouts of villas just dizzy. The residential complex consists of villas located on 50 islands, each of which accommodates sixteen buildings.
Villas - From US $ 1,370,000
Jumeirah Beach Residence is the perfect embodiment of modern life in a comfortable resort. The project perfectly combines the golden beaches of the Persian Gulf, promenades and yacht clubs, favorably located in relation to the business centers of the city.
Prices - from US $ 2,200 per sq. m
Jumeirah Lake Towers is a land of artificial lakes and beautiful landscapes with attractive living spaces, offices and retail outlets.
Prices - from US $ 1,700 per sq. m
Dubai Marina is the world's first smart city. All apartments are equipped with the functions of a "smart home", have access to a video library and video telephony.
Prices - from US $ 2500 per sq. m
The Palm Jumeirah is an ambitious project by Nakheel, a man-made island of peace and luxury. Hollywood stars, famous politicians, athletes, businessmen and the world elite can become your neighbors.
Apartments - from US $ 3,700 per sq. m
Villas - from US $ 5300 per sq. M. m
