Today, Dubai is a preferred destination for many because of its highly efficient infrastructure, safe and secure environment, well-maintained beaches, and income tax benefits. Its perfect location, where east meets west, also appeals to people willing to relocate or invest in the emirates. Riding on these advantages is the booming real estate industry. 2024 saw an all-time peak of 180,900 transactions worth AED 522.1 billion.
If you are keen to invest in the city’s real estate market and are exploring buying a residential property in Dubai, then several options are available for you to consider. But, before exploring options, it’s better to first understand the market and factors that affect the pricing.
Factors affecting property prices in Dubai
Several factors influence the property prices in Dubai. A few are highlighted below-
Location: Property prices vary depending on how far the property is from the beach or how close it is to Burj Khalifa. Areas close to attractions and amenities command higher prices. Such areas include Dubai Marina, Downtown Dubai, and Palm Jumeirah.
Infrastructure Development: Construction of new roads, flyovers or a metro station can significantly enhance the appeal of an area. This, in turn, mostly leads to an increase in property prices.
Amenities and Facilities: Increased competition in real estate means developers are trying to add more unique features to their properties. These include infinity pools, saunas, jogging tracks, and separate gyms for women and men, which tend to attract higher prices.
Residential property in Dubai that you may consider
TownX Real Estate Development has established a track record of delivering high-quality residential projects across the city. 11 Hills Park and Luma Park Views are the latest offerings that premium property investors can consider.
Nestled in Dubai Science Park, overlooking lush greenery and parkland, 11 Hills Park offers a harmonious blend of modern architecture and refined interiors. Each apartment features expansive living spaces complemented by high-end finishes and contemporary fittings. Floor-to-ceiling windows invite abundant natural light and showcase panoramic views of the surrounding parklands and Dubai’s skyline. The 18-floor property has a private landscaped garden, two rooftop infinity pools, and 24-hour concierge services, among other amenities. You can decide between a studio or a one-bedroom.
Nestled in Jumeirah Village Circle (JVC), overlooking lush greenery and parkland, Luma Park Views offers the same build quality and expansive living spaces as the 11 Hills Park. The 25-floor property has a private landscaped garden, a rooftop infinity pool, and 24-hour concierge services, among other amenities. You can choose between a one, two or three-bedroom.
How to secure a unit?
A down payment (before the first fee is due) of 20,000 dirhams would secure your selected property. Dubai Land Department will charge you a flat 4% fee on the purchase value, and a property registration fee of AED 5000 is involved.
You can contact a sales representative today to learn more about the apartment prices and availability in 11 Hills Park and Luma Park Views Dubai.
Today, Dubai is a preferred destination for many because of its highly efficient infrastructure, safe and secure environment, well-maintained beaches, and income tax benefits. Its perfect location, where east meets west, also appeals to people willing to relocate or invest in the emirates. Riding on these advantages is the booming real estate industry. 2024 saw an all-time peak of 180,900 transactions worth AED 522.1 billion.
If you are keen to invest in the city’s real estate market and are exploring buying a residential property in Dubai, then several options are available for you to consider. But, before exploring options, it’s better to first understand the market and factors that affect the pricing.
Factors affecting property prices in Dubai
Several factors influence the property prices in Dubai. A few are highlighted below-
Location: Property prices vary depending on how far the property is from the beach or how close it is to Burj Khalifa. Areas close to attractions and amenities command higher prices. Such areas include Dubai Marina, Downtown Dubai, and Palm Jumeirah.
Infrastructure Development: Construction of new roads, flyovers or a metro station can significantly enhance the appeal of an area. This, in turn, mostly leads to an increase in property prices.
Amenities and Facilities: Increased competition in real estate means developers are trying to add more unique features to their properties. These include infinity pools, saunas, jogging tracks, and separate gyms for women and men, which tend to attract higher prices.
Residential property in Dubai that you may consider
TownX Real Estate Development has established a track record of delivering high-quality residential projects across the city. 11 Hills Park and Luma Park Views are the latest offerings that premium property investors can consider.
Nestled in Dubai Science Park, overlooking lush greenery and parkland, 11 Hills Park offers a harmonious blend of modern architecture and refined interiors. Each apartment features expansive living spaces complemented by high-end finishes and contemporary fittings. Floor-to-ceiling windows invite abundant natural light and showcase panoramic views of the surrounding parklands and Dubai’s skyline. The 18-floor property has a private landscaped garden, two rooftop infinity pools, and 24-hour concierge services, among other amenities. You can decide between a studio or a one-bedroom.
Nestled in Jumeirah Village Circle (JVC), overlooking lush greenery and parkland, Luma Park Views offers the same build quality and expansive living spaces as the 11 Hills Park. The 25-floor property has a private landscaped garden, a rooftop infinity pool, and 24-hour concierge services, among other amenities. You can choose between a one, two or three-bedroom.
How to secure a unit?
A down payment (before the first fee is due) of 20,000 dirhams would secure your selected property. Dubai Land Department will charge you a flat 4% fee on the purchase value, and a property registration fee of AED 5000 is involved.
You can contact a sales representative today to learn more about the apartment prices and availability in 11 Hills Park and Luma Park Views Dubai.