Investing in real estate abroad is a complicated step followed by obvious and hidden risks. To avoid any confusing situation, it is always important to pay attention to the developer responsible for the construction of the object: look at how long he has completed past projects, or what types of real estate he usually specializes in. Property in UAE sea view is usually associated with low risks due to the high reliability of the developing companies and transparent legislation. Strict laws and their observance make foreign buyers confident in the quality of a project and the timely completion of works.
An internationally known Emaar Properties
Emaar Properties is the largest real estate developer in the UAE with a worldwide reputation. It has operated on the real estate market in the UAE since 1997.
The neighborhoods and developments of the company are almost uncountable. The talented developers created such architectural wonders as:
- Downtown Dubai with its famous the Burj Khalifa, the Dubai Mall and the Dubai Fountain,
- Dubai Marina,
- Emirates Hills,
- Arabian Ranches,
- Dubai Creek Harbour,
- The Greens,
- The Meadows,
- The Lakes,
- The Springs.
However, the developer focuses on erecting not only residential properties, but commercial as well. The company is also engaged in development in the U.S., Turkey, Egypt, Saudi Arabia, Morocco, Lebanon, India and Pakistan.
Emaar has a large volume of construction and many projects in the medium price category, and good products fly off the market very quickly.
The creator of luxury and style in Dubai DAMAC Properties
The next big developer in the UAE is DAMAC Properties. It is the first real estate company in the Middle East to be listed on the London Stock Exchange. The developing company has been on the market for more than 20 years already and has a huge portfolio of ultra-luxury and stylish housing objects.
DAMAC was the biggest property developer in Business Bay at the time of its establishment and continues to build projects there. DAMAC projects in the area include the Prive, Merano Tower, Majestine, Avanti and the Paramount Hotel under the famous American movie brand. The cost of housing in these projects starts from 250 thousand USD per studio. The Safa One and Safa Two luxury towers in Al Safa near Safa Park, near Business Bay and Downtown, are also in demand from DAMAC. The starting price for apartments in them is $500,000. To become aware of beneficial housing in the UAE from the famous developer, visit the website Emirates.Estate.
DAMAC’s biggest new project is the development of DAMAC Hills, DAMAC Hills 2 and DAMAC Lagoons, distant from downtown. These are quiet, family-friendly neighborhoods popular with middle-income renters. There you can find relatively inexpensive townhouses starting at $350,000 and villas from $700,000, which, however, very quickly sell out.
Trusted quality and high standards from Sobha
The company named after the wife of the founder Sobha offers real estate of consistently high quality.
Sobha’s main project is Sobha Hartland in MBR City, one of the most attractive places to live and invest in Dubai. Sobha Hartland stands on the shores of the lagoon, and houses are interspersed with parks and green spaces. There are also international British schools in the area, which attracts wealthy tenants with children. When buying an apartment in Sobha Hartland is worth focusing on the amount of 500 thousand dollars.
The developer of Jumeirah coast Meraas
Jumeirah coast is the area that was under strict law. Only locals could buy properties on the coasts and then sell them to foreigners. However, things have changed and Meraas took advantage of this opportunity.
Meraas’ projects are very high quality premium housing, which is always in great demand. Among the recent launches of Meraas is the Central Park complex in City Walk, a compact green area in a unique location near the Burj Khalifa, as well as the Madinat Jumeirah Living complex in the “Arabian Venice” next to the coast.
Because of the large number of potential buyers Meraas sells housing under an unusual scheme. First, buyers register their application and receive a token with a unique number. Then the developer draws the tokens: the winning numbers are randomly generated.
The outcomes
The UAE is the business motherland for internationally-known developers. Transparent legislative system, stable economy, and constant flow of tourists give the developers sources to create new intricate and mind-blowing projects. The cooperation with famous brands and dedicated architects allows company owners to build real estate to any taste and budget. Even the most critical house owner obtains a perfect chance to purchase a suitable housing unit.
