Dubai Islands

Why Invest in Dubai Island Homes Now: Growth Potential

Dubai Island homes have undergone numerous changes throughout its history. The global crisis of 2007, various internal issues in the United Arab Emirates, real estate market crashes, and other challenges have attempted to halt the houses development.

The final blow came with the COVID-19 pandemic, completely freezing numerous businesses. However, construction is still ongoing, and the development of the Dubai Island region is in progress.

The initial idea was to connect this area to the famous Palm Jumeirah, but there are reasons to believe that it will ultimately become just another developed neighboring region for sale. Why is it necessary to consider investing in houses right now?

Strategic Location and Investment Benefits

The strategic Dubai Island location of this island speaks for itself. You can reach the center of Dubai within a few dozen minutes and also visit other more developed islands nearby if needed. It’s literally the center where major international houses markets are located.

As for the real estate market, it’s still more favorable here than anywhere else in Dubai. Price is relatively low, and the infrastructure is already developed.

What makes the Dubai Island even more attractive is that there are absolutely no property ownership taxes, which is remarkable even for the United Arab Emirates houses.

You will gain the following benefits to buy houses:

• You need minimal capital investment to acquire an excellent home on Dubai Island. With this house, you can quickly obtain residency here without any problems.
• If you plan to rent out the Dubai Island apartment later on, you can expect approximately a 6-7% annual yield. Rental demand will be high due to the region’s significant tourism influx to sale.

At the very least, these three reasons should be a catalyst for action in your Dubai Island situation.

Entertainment and Lifestyle Amenities

You can be sure that here you will find top-notch establishments for leisure and shopping at Dubai Island. As examples, we can provide these renowned options:

• City Walk – The Dubai Island urban sanctuary spanning 10 million square feet, this family-centric paradise intertwines retail therapy with leisure amusements and wellness havens, highlighted by over 300 shops, a lush indoor rainforest and children’s edu-tainment houses zone.
• The Dubai Mall – Unmatched in grandeur, the Dubai Island retail juggernaut reigns supreme with 1,300 shops, 200 eateries, and one-of-a-kind spectacles like an Olympic-sized ice rink, a choreographed houses fountain extravaganza and an aquatic wonderland.
• Dubai Outlet Mall – A bargain hunter’s dream, this value-driven retail hub offers coveted brands at remarkable markdowns across 240 Dubai Island stores, complemented by recreational delights like an ice skating rink and culinary havens for sale.
• BurJuman – Nestled in historic Bur Dubai, this upscale shopping icon curates a luxurious Dubai Island retail experience with over 300 high-end brands, a 14-screen cinema, an amusement park with cutting-edge virtual reality adventures.
• Mall of the Emirates – A sprawling Dubai Island retail and leisure megaplex spanning 223,000 square meters, boasting an indoor ski paradise, theatres including a 500-seat venue, and a global culinary kaleidoscope alongside 630 international brands and boutiques.

It’s simply a fantastic place for anyone looking to purchase Dubai Island property here for their own reasons or for future rental.

Conclusion

Consider the fact that the Dubai Island area is constantly developing. In just a decade, it could become an entirely different type of district, transforming the entire landscape of Dubai. What’s amazing is that currently, houses prices there are relatively low.

Seize the Dubai Island homes opportunity right now to invest in the future and grow your capital, even if you don’t plan on turning this property into a business and just want to live there.