Expo 2020 in Dubai has recently ended with all the excitement, full of glimpses, priority business, and great success. It has been a long time passed and people from all over the world have been investing in this city. However, what is the charm of Dubai that is attracting so many investors? The answer is simple: potential. With a population of over 2.5 million people and a GNP of $107.6 billion, Dubai has the potential to be one of the richest cities in the world. In addition, the city has a young population with an average age of 30, and a rapidly growing middle class. These factors make Dubai an attractive destination for businesses and investors alike.
In fact, many companies had already started operating in the city before Expo 2020 begin. With its strong economy and growing population, Dubai is poised to become a major player in the world. As a result, large numbers of people from all over the world, including Canada, have become interested in investing in Dubai. So if you are thinking of investing in Dubai, now is the time to do it. A large number of Canadians have shown interest in Shobha developer projects. Shobha developer’s latest projects like One Park Avenue, Creek Vistas Grande, and Crest Grande Tower are currently captivating potential customers. What are the strengths and weaknesses of these three wonderful projects? Let us look:
Shobha Developer Projects
Nowadays, top three projects of Shobha developers are catching the customer’s attention.
1. One Park Avenue
One Park Avenue is a leading development by the Sobha Group that offers 1, 2, 3, and 4br apartments in Sobha Hartland, Dubai. These spectacular apartments start from AED 1209395. Whereas developers offers 20/80 payment plans and 739 to 2,964 sq. ft. in size range.
2. Creek Vistas Grande
A recently unveiled high-rise project by the Sobha Group, Creek Vistas Grande at Sobha Hartland, offers opulent 1, 2, and 3BR apartments. These magnificent apartments start from AED 1.3 Million. Whereas developers offer 2 years payment plans with a 10% down payment, and 745.19 to 1646.66 sq. ft. in the size range.
3. Crest Grande Tower B
The magnificent 1 and 2BR waterfront apartments in Crest Grande Tower B by Sobha are part of a brand-new development at Sobha Hartland in MBR City, Dubai. The luxury tower, which has a 35-story façade and a waterfront address, rises in the skylines and offers some of the best amenities available. These splendid apartments start from AED 1.3 Million. Whereas developers offer a 40% Post-Handover plan, and 731.84 to 1492.31 sq. ft. in the size range.
The interest of Canadians in these wonderful projects of Sobha developers is a testament to the fact that these are well-equipped apartments at reasonable prices. Now, let us see why investing in Dubai 2022, is worthwhile.
Benefits of Investing In Dubai Real Estate
Dubai has been attracting investors from all over the world for the last few years. The reasons are simple: high returns, low risks, and a stable political system. The rental yield in Dubai is one of the highest in the world. The average rental yield for an apartment is 6.6% and for a villa, it is 7.4%. This is significantly higher than what you can get in other major cities such as London (3%), New York (2.6%), and Hong Kong (2.4%).
In terms of capital appreciation, Dubai’s real estate market has been growing at a steady pace of 5-7% every year since 2013. This is because of the increasing demand from both locals and expats, who are looking to rent or buy property in Dubai. Investors are also attracted to Dubai because it is a politically stable city. Unlike other countries in the Middle East, there is no risk of political instability or terrorist attacks in Dubai. With its high returns, low risks, and stable political system. It is no wonder that people from all over the world are looking to invest in Dubai’s property sector in 2022.
Future of Dubai Real Estate Sector
The real estate sector in Dubai is currently booming with more success than anywhere else in the world. Therefore, what can be the predictions about how much brighter the future of investing in Dubai real estate can be. Alternatively, what will be the future of Dubai real estate? The answer is quite simple and investment opportunities in Dubai will only get better with time. As we all know, the Expo 2020 is just ended and this international event had surely brought a lot of attention to Dubai real estate.
Moreover, with the recent announcement of Golden Visa-Free travel for UAE citizens to 169 countries, there will be an influx of people wanting to invest in properties here. This means that prices are going to rise and there will be even more demand for quality housing. In short, the future of Dubai real estate looks very bright and anyone who invests now is sure to reap the rewards in the years to come.