Nakheel is one of the most renowned developers in Dubai, and its real estate projects deserve special attention. According to the Dubai 2040 Urban Master Plan, a distinctive concept known as Dubai Island has been conceived – the construction of an extensive residential complex comprising 5 islands. The total area of these islands is approximately 17 square kilometers.
Dubai Island homes offer comfort, breathtaking landscapes, fresh air, and all the conveniences of modern civilization. Future homeowners will have access to:
- 9 private marinas with a capacity of 1300 free berths.
- 87 resort areas featuring exclusive hotels.
- Clean and well-maintained beach areas covering almost 6400 square meters.
- 38,000 apartments at the heart of Dubai Island.
The company provides the opportunity to buy plots at favorable prices for the future construction of various types of buildings. Customers can invest not only in Dubai Island homes but also in hotel buildings provided by the Dubai Island project.
Current real estate prices
Houses are available for purchase right now, with a choice of various a property options offered on one of the 5 islands of Dubai Island:
- Central Island.
- Shore Island.
- Golf Island.
- Marina Island.
- Elite Island.
The first island is Central, which serves as the entertainment hub of Dubai Island, a true haven for water sports enthusiasts. The sale also offers other options for those who appreciate elite houses, golf clubs, and more.
The starting costs for plots starts at AED 11,069,000 (3,014,000 dollars). An important detail to note is that when purchasing apartments, future owners will need to consider a mandatory 4% DLD fee.
Unique location
The project includes the option of connecting the islands with the Infinity Bridge. As a result, house owners will have the opportunity to move freely throughout all areas of Dubai.
At present, the construction is not yet completed, so residents can use taxis or their transportation for mobility. Plans are in place to provide transportation to different areas via public transport.
From Dubai Island homes, it takes only 25 minutes by car to reach popular landmarks and buildings such as:
- DXB – one of the largest international airports in Dubai.
- Al Wasl University – a private university for Islamic and Arabic studies.
- Etihad Museum – one of the finest historical museums in the region.
- Dubai Hospital – a multi-specialty hospital.
- GEMS Legacy School – a private school.
The sale of houses has already begun, which means that future owners can explore popular attractions and facilities that are open:
- Several unique premium-class hotels, including Centara Mirage Beach Resort Dubai and Hotel RIU Dubai.
- Souk Al Marfa – an indoor market that is gradually expanding. After all, houses are completed, this place will become a full-fledged wholesale market. Currently, there are approximately 1500 retail outlets of various kinds.
- Museum Hub, which is located within the indoor market. Dubai Island offers the opportunity to delve into the history of the UAE’s residents. In addition, visitors can purchase products sold within the museum – various sweets, pastries, collectable teas, coffee, and more.
One of the key advantages of Dubai Island is the ideal balance between the optimal number of houses, entertainment facilities, open spaces, and beach areas.
Economic attractiveness of Dubai Island
One of the main objectives of Dubai Island is to strengthen Dubai and the UAE’s position as a popular destination for real property investment. The organized sale of houses has already begun, which means that anyone looking to maximize profits and benefits for their wallet is interested in investing in Dubai Island properties.
An important feature for future homeowners is the possibility of obtaining a “Golden Visa” valid for 10 years. To qualify, it is sufficient to purchase apartments or houses on Dubai Island with a value of AED 2,000,000 (545,000 dollars) or more. This rule applies to all properties. Additionally, when purchasing off-plan projects on Dubai Island, future owners can take advantage of favorable mortgage conditions.
Considering the sale conditions and the active development of Dubai Island, buying apartments is an ideal investment with a high return on investment. Such properties can be rented out, generating a stable passive income, or held until the completion of construction to sell the property at a higher cost.
