TownX Developments offers great investment opportunities with its latest development; Easy18. We chose the west side of new International City as the location for Easy18 because of its unique blend of comfort-living and family-friendly amenities. Families of all sizes will enjoy the vast open spaces, local shops, as well as the numerous sports and entertainment venues. This neighbourhood is destined for success and future expansion, making it a great place to move your family. It is located just off of Sheikh Mohammad Bin Zayed road with convenient access to adjacent communities such as Academic city, Nad Al Sheba and Silicon Oasis, top schools and universities, Global 500 firms, malls, resorts and Dubai Safari Park. This emerging community has long been the top choice of investors seeking stable rental yields regardless of season or global economic situation.
Since global hot spots including London, New York and Miami have experienced price stagnation or price corrections in the luxury residential real estate sector recently, some investors are looking for emerging markets where they can accept the additional risk for a chance at quicker price growth and steeper long-term price appreciation, Mansion Global reports. Michael Valdes, the New York-based global vice president of international servicing at Sotheby’s International Realty Affiliates LLC, noted that there are, “some interesting places that people may not think about—cities that are a little bit off the radar” —where investors might see the upside they desire.
Dubai and Abu Dhabi in the United Arab Emirates, for instance, have major international appeal because of the influx of commerce, industry and culture, as well as serious local investment in infrastructure. “I see those places as having a strong trajectory,” said Mr. Valdes, adding that the tax benefits in these emirates are also a draw for international buyers and investors. Then there are places undergoing an incredible amount of development today, such as Jakarta in Indonesia and Mumbai in India, which experts say investors should put on their watch lists, along with cities including Jeddah and Riyadh in Saudi Arabia and Manila in the Philippines. For each of these emerging markets, it’s helpful to consider the current marketplace, investments in infrastructure and culture that might lead to growth, and restrictions and taxes that could impact an investor’s ability to buy in that market.
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Middle East: Invest in Dubai, consider Abu Dhabi and watch Saudi Arabia
When luxury investors consider the Middle East, Dubai is likely the first place to come to mind—and for good reason. In the past decade, Dubai’s population has exploded from 900,000 to 3.5 million—90% of them expatriates, said Chris Whitehead, the Dubai-based managing director of Gulf Sotheby’s International Realty. In the next few years, the Dubai-based global trade expo, called Expo 2020, is expected to bring in 250,000 more people. In addition to population growth, Dubai is also undergoing some infrastructure improvements leading up to the expo, such as an expansion of the metro line and the international airport. The emirate is also trying to bring in more “bespoke” luxury brands, Mr. Whitehead said, such as private jets and gyms. High-net -worth individuals come here to make money and enjoy this lifestyle tax-free, he said. “The healthcare is good, the educational opportunities are good and the infrastructure is good,” he said, “plus it’s extremely safe.”