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Five reasons to invest in a new property in Dubai

Growing at a faster rate than most other cosmopolitan cities, Dubai is replete with skyscrapers, idyllic spots, picturesque water views, and more. From the world’s largest artificial islands built in the shape of a date palm tree to the world’s tallest tower, Dubai has a lot that impresses anyone landing here for the first time. Looking to purchase property in Dubai? The real estate market here is as diverse as you can imagine and includes not only a standard commercial and residential inventory but also high-rise buildings, detached houses, and ultra-modern complexes. Plus, Dubai is ideally located between Asia, Africa and Europe, which is a big reason why experienced real estate investors from all over the world flock here. Here are top 5 reasons why investing in a new property in Dubai right now is a smart decision. Trustworthy, regulated real estate market The latest Global Real Estate Transparency Index from JLL ranks Dubai (along with Abu Dhabi) as the most transparent market in the entire MENA region. This index is regarded as key indicator of the health of the real estate market of any city. The government understands the importance of having transparent real estate policies, which is essential for attracting a lot of foreign investments. A case can be made for the new Open Data Law. It paves the way for the sharing of non-confidential data between non-government and government entities without any obstacles. What’s more, the Real Estate Regulatory Agency is also doing its bit to streamline processes. For instance, it has introduced several measures in the past few years to make Dubai’s real estate more regulated. Today, its real estate market is as well regulated as any other top international destination, like Singapore or Paris. Stable economy Dubai is no longer just an oil-dependent economy. Instead, the UAE has diversified its economy immensely in the last several years by developing other sectors like manufacturing and tourism. Dubai features many tourist attractions, like Palm Jumeirah and Burj Khalifa, and the ongoing 2020 Expo is expected to deliver a further boost to its travel and tourism industry. Attractive Rental Yields Dubai, unlike many other cosmopolitan cities, offers a high ROI, which stands for return on investment. A key component of real estate returns is rental income. In contrast to capital appreciation, rental income matures immediately. Capital appreciation, on the other hand, is attainable only when you sell a property or release considerably home equity through a home loan. Dubai apartments achieved a 7% rental yield last year on average, despite the global slowdown due to the Covid-19 pandemic. Villas in Dubai, in contrast, registered a 5% ROI. In simple language, it means that if you buy a 2-bedroom unit for AED 1,000,000 and rent it, you will be able to recover the entire property value in 14 years only, even if the rental rate doesn’t grow further. Safety & High Living Standards Another reason to buy a new property in Dubai is its high standard of living. Dubai not only offers a modern lifestyle, but it also has a very low crime rate. As a matter of fact, the crime rate in the UAE is very close to zero, and consequently, it is considered as one of the safest countries in the globe. Different Types of Residential Units Dubai real estate has an impressive and diversified portfolio of residential properties. From ultra-modern apartments and studios in JVC or Downtown or beautiful townhouses and villas in Jumeirah, MBR City and Dubailand, Dubai has it all. No wonder then it is frequently referred to as the real estate capital of the Middle East. Where to buy a residential property in Dubai? Dubai is a prime real estate market offering all types of properties, including affordable and luxury assets. From an investment perspective, there are hundreds of suitable properties in Dubai. These include studios, apartments, villas, and townhouses. If you are interested to invest in a high-yield apartment or a luxury townhouse in Dubai, then take some time out to check out all the available options on our website at www.ellingtonproperties.ae. Alternatively, you can also contact us anytime and we will be glad to assist you.

Entertain Yourself at Home

Many of Dubai homes have been coping well with the pandemic situation and making staying home a new routine even though it was a sudden choice for most families at the beginning. We realize that it has been a few months now and most of you might have run out of the activities you can do at home. Hence, we have come up with a few activities that will keep you occupied and entertained while you stay safe at your place and you will be shocked by the things that can keep you busy while being at home and not feeling the need or the want to leave the house unless it’s for an emergency. USE YOUR COMMUNITY AMENITIES The best properties in Dubai come equipped with the finest amenities and facilities that you can take advantage of such as the amenities we offer in our communities in Belgravia, Belgravia II, and Eaton Place: Improve social relationships: Get to know your neighbors while keeping 2-meters social distance and find common interests you have with them. Maintain good health: Use the gym in your building to enjoy a healthy life or use public areas to perform a work-out such as yoga. Refresh yourself: Swimming is a refreshing activity for summer, enjoy a little picnic by the pool with your family. HAVE YOU CONSIDERED THIS FOR YOUR WORKOUTS? If you are the type that prefers working out indoors, then you might consider below activities: Customize a schedule: Create a weekly schedule of workouts focusing on specific areas during the week to avoid getting bored. Get inspired: Look for workout references from influencers, YouTube videos, or health apps. Seek new options: Consider renting cycling and other equipment from gyms that are offering. Blend in: Register in group training sessions. Improve your skills: Involve yourself with new types of working out such as yoga, meditation, aerobics, or a type of dance. Create your own corner: Create a small working out corner to motivate yourself, such as placing weights, mats, and other equipment. SMALL OR A BIG PLACE, THEY BOTH NEED TO BY TIDIED! A sanitization routine: Make a sanitizing schedule for your home and specialize each day to disinfect a room. Declutter: It is a good time to get rid of the things you don’t need such as clothes, gadgets, or even kitchen tools and give them to charity. Small changes to your home: Rearrange some of your furniture items. Be creative: Use DIY ideas to rearrange your cabinets and drawers especially for your spices and cooking tools. WIDEN YOUR FOOD CULTURE Learn and apply: Watch cooking shows that can upgrade your cooking skills and cook meals for you or your family. New skills are calling: Get out of your comfort zone and experience cooking different cuisines or baking styles. EXTRA FUN ACTIVITIES Indoor Karaoke: You and your family can have fun and keep yourself busy by doing some karaoke at home, make sure to have it on video for some funny memories later. Learn a new language: This will be time-consuming and extremely beneficial as it will help you in your future and counts as a plus to you. Learn a new instrument: As you have time on your hands try learning a new instrument could come in handy when staying at home as it could keep you and your family entertained and busy. We hope you find these activities beneficial and different. Remember, staying home is safer for you and your loved ones.

Five reasons to invest in a new property in Dubai

Entertain Yourself at Home

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