Dubai, known for its palm-shaped archipelagos and spectacular buildings, is a blend of traditional beliefs, practices and futuristic visions. The cosmopolitan metropolis has grown into a worldwide hub offering a kaleidoscope of activities, world-class shopping, and delicious dining. Tourism in Dubai has grown dramatically in recent years and, consequently, has become a major source of economic growth.
Dubai, the metropolis of high-rises, mega malls, and luxury resorts, has spent billions of dollars developing the world’s best property infrastructure and routinely leads the list of Guinness World Records for its outstanding landmarks and famous attractions. Among these are the world’s tallest buildings, the Burj Khalifa, and Bluewaters Island’s highest Ferris wheel, Ain Dubai (Dubai Eye).
Dubai – A city of superlatives!
Dubai has 237 skyscrapers, making it the fourth-highest metropolis in terms of both number and height!
TripAdvisor ranked Dubai the world’s most popular tourist destination for 2022, with an intriguing assortment of bucket-list events ranging from skydiving to spectacular Dubai safari expeditions. Dubai’s other world-famous attractions include the Dubai Frame, the Museum of the Future, and the Dubai Miracle Garden, the world’s largest natural flower garden. Dubai also has the UAE’s largest shopping mall, The Dubai Mall, which is the size of 50 soccer fields and is one of the greatest places to buy premium brands in Dubai!
Dubai and the UAE are frequently ranked among the world’s safest places to live, work, and visit. In fact, according to InterNations’ 2021 Expat Insider Report, Dubai ranks third in the globe for safety and security. International investors are also attracted to Dubai’s safe haven status, according to S&P Global Report. Following the deployment of world-leading health policies to combat the spread of Covid-19, the UAE was among the first countries to offer free vaccines to its residents. It is today the world’s second-highest immunised country. The World Travel & Tourism Council awarded Dubai the ‘Safe Travels’ stamp in recognition of its efforts to prevent the pandemic.
Investment scope in Dubai real estate
Why you must in Dubai? This is one of the most asked questions but the answer is pretty simple. Dubai is one of the finest investment destinations due to its stable economy and pleasant political situation. The Real Estate Regulatory Authority (RERA) and the Dubai Land Department provide excellent governance, allowing property investors to capitalise on the city’s extraordinary expansion while remaining under strict oversight. The Dubai real estate has become a valuable investment sector, owing to the city’s strong tourism and standing as the Middle East’s most modern hub.
Dubai, the second wealthiest emirate in the UAE, has a currency pegged to the US dollar, making it possible for overseas investors to purchase properties in Dubai without worrying much about currency exchange rate. Its hotel business has grown at a 40% annual rate since Dubai’s hotel boom, and it ranks third among the world’s top FDI cities. Besides this attractive feature, there are a few factors that you must consider to become a pro real estate investor in Dubai.
Dubai – Now and The Future
Historically known as one of the world’s top luxury vacation destinations, Dubai has broadened its tourism offering in the last decade, transforming itself into one of the world’s best-value, family-friendly locations. Considering all before and after, we can say that all roads lead to Dubai. The rapid expansion of Dubai real estate, in which there are a few upcoming projects for 2023, are the significant players that have contributed to its status as one of the world’s most dynamic investment locations.
Looking ahead, Dubai’s aspirational 2040 Urban Master Plan is entering the second phase while it lays out the emirate’s growth strategy for the next two decades. While parkland and recreational space will account for more than half of the city, Dubai real estate and infrastructure will be able to accommodate the 5.8 million people who will call Dubai home by 2040. The Plan also calls for an increase in total space dedicated to hotels and tourism activities of 134% over current levels, while commercial space would be increased to 168 square kilometres.
This is fantastic news for foreign investors looking to capitalise on Dubai’s amazing growth trajectory over the next 20 years.
Five Upcoming Projects To Launch In Dubai
One Za’abeel by Ithra Dubai
One Za’abeel by Ithra Dubai is scheduled to open in 2023 and will become a landmark in Dubai. One Za’abeel known for its iconic design featuring twin towers connected by a cantilever called “The Link” is the ultimate location for the modern urban citizen, in the centre of one of the world’s most vibrant cities. It is created to combine the world’s top residential, business, and leisure experiences in the heart of Dubai, resulting in something magnificent and enduring.
One Za’abeel captivates and excites the global citizen’s imagination, continuing to establish landmark places that define Dubai’s skyline, ambition, creativity, and pioneering endeavour. This famous property delivers a captivating and upgraded living experience to the residents of Dubai, with apartments, companies, and leisure experiences that flow seamlessly together. Located in the exact centre of Dubai, at the entrance to the Dubai International Financial Districts, One Za’abeel offers unrivalled 360-degree views of the city and accessible and integrated bridge connections to the World Trade Center.
Nikken Sekkei, a Japanese architectural firm, designed the structure with two glass towers. The towers will be linked by the world’s longest cantilevered structure, known as ‘The Link,’ which will be the building’s defining feature. The Link, a stunning projecting steel sky bridge, will be at the heart of the massive mixed-use One Za’abeel project. The panoramic space will be suspended 100 metres above the Earth and will feature restaurants and bars, an observation deck, a gym, a spa, a pool, a banquet hall, and a rooftop terrace.
The future structure is safely positioned over Dubai’s Happiness Bridge and is “going through final technical preparations for its dramatic rise.” You may not recognise it by name, but you’ve undoubtedly noticed the emergence of One Za’abeel, a pair of buildings linked by The Link, the world’s longest cantilever. This architectural marvel will include a new One&Only urban property, One&Only One Za’abeel, and the usual roster of modern residences and high-end stores.
The Link at One Za’abeel, a panoramic sky concourse with world-class restaurants, celebrity chef shops, a statement swimming pool, spa facilities, and entertainment, is also not to be missed! One must say that this property is a another jewel to be added in the crown of Dubai real estate!
Ciel Tower
When it comes to choosing a property in Dubai, people compare Dubai Marina with Downtown Dubai to find out a better option. Everyone has personal preference because both neighbourhoods are one of the finest options in Dubai. Several new projects are launched in Dubai Marina and Ciel is one of them. Ciel in Dubai Marina, at 365 metres in height, is a spectacular construction that, when completed, will set a new global record not only in the Dubai real estate but also as the world’s tallest hotel. The architectural marvel is the most recent landmark addition to the Marina district’s world-famous skyline and The First Group’s largest and most luxurious project to date.
NORR, a London-based architect who has won awards, designed Ciel. It has a unique look, modern interiors, and a spectacular glass observation deck with 360-degree views of the Dubai Marina, the Arabian Gulf, and Palm Jumeirah. Ciel, the world’s highest hotel, is destined to become one of the Dubai real estate’s most iconic structures. The hotel’s magnificent rooftop glass observation deck will draw both locals and foreign tourists to the area, marketing the hotel as a one-of-a-kind development in one of the world’s most dynamic towns.
Due to its global presence, Ciel is one of the hottest investment alternatives in Dubai’s rapidly expanding portfolio. Ciel was honoured at the 2019 International Property Awards in London for Best International Hotel Architecture, Best Hotel Architecture Arabia, and Best High-rise Architecture Arabia.
Atlantis – The Royal
The luxury resort Atlantis The Royal is slated to debut in January 2023. Atlantis The Royal, Dubai’s new iconic landmark, welcomes you to an experience that utterly redefines your perception of luxury. This is a location where everything has been designed to push the bounds of imagination, created by the world’s finest designers, architects, and artists.
Here, you can simply take an impossible adventure filled with creative artwork, renowned entertainment, and gorgeous workmanship at every turn. This is a place where the finest level of service establishes a new benchmark for excellence and where something extraordinary happens at every turn. Your stay at Atlantis The Royal is a masterclass in elegance, delivering unparalleled luxury unlike anywhere else. People can expect some of the world’s most beautiful Rooms, Suites, and Signature Penthouses, all designed to surround you in utmost comfort and luxury.
Stays at this legendary resort easily mix modern interiors with superb outdoor lounging areas, soaring 43 storeys high with endless views of the Arabian Sea and Palm Island. The private balconies, vast terraces, and private pools provide the impression of being in the clouds. This is a stay you will be proud of for years to come. According to the property agents in Dubai, the cantilevered 43-story resort will comprise 231 luxury apartments, 693 hotel rooms, & 102 suites, all with views of Palm Island and the Arabian Sea.
Sybille de Margerie, a French interior design expert, is said to have commissioned a slew of renowned contemporary artists to personalize each property. The resort will also have 90 swimming pools, including an infinity pool on a rooftop suspended 90 metres above ground level on the 22nd floor. According to the property brokers in Dubai, restaurants in Atlantis The Royal will also be handled by global celebrity chefs such as Gastón Acurio, Costas Spiliadis, Ariana Bundy, Heston Blumenthal, and José Andrés.
Kempinski Floating Palace – A sensational experience
The Kempinski Floating Palace is exactly what it sounds like, i.e. a five-star luxury hotel smoothly floating like silk and velvety texture on the water. The floating building, set to open in 2023, will have a glass pyramid-topped main building divided into four sections. With exclusive ownership of a Kempinski residence, you may indulge in the most enthralling locations worldwide anytime you want. You will have access to astounding pools, spas, gyms, and restaurants, as well as exquisite interior décor that highlights the local culture.
In one of these villas, you may savour the quality, splendour, and finer things in life for more than just a fleeting moment. With this special assortment, you can stay in stunning ocean, city, mountain, riverbank, and desert locations for weeks, months, or even years. As a result, your journey might be both luxurious and protracted.
Aside from accommodating approximately 150 bedrooms and suites, the hotel will be home to 12 exquisite luxury villas connected by “pontoons.” Yes, you have read it right.
The properties for sale in Dubai here will be something other than a piece of land—boats, actually! The two, three, and four houseboats are for sale, but hotel guests can rent them out. According to the property agents in Dubai, the villas are designed to be environmentally friendly and equipped with solar panels, cruising at atmaximum pace of 6 nautical miles.
Guests will be transported by speed boats to the 156-rooms and suite hotel or villas, or they will arrive in their boats. The hotel will also include a “connected floating helipad next to an amazing yacht parking deck for up to 16 yachts,” according to the announcement. Guests at the Kempinski Floating Palace have access to gourmet restaurants, bars, a spa, pools, stores, banquet facilities, and the prospect of even larger yachts sailing in and out of the hotel’s centre.
Jumeirah Marsa Al Arab
Another mind boggling addition to the list of Dubai real estate The superyacht-shaped hotel Jumeirah Marsa Al Arab is all set to open in 2023. The new resort will have “386 rooms and suites, four penthouses, and 83 premium hotel apartment suites situated within private manicured gardens,” according to a statement from property brokers in Dubai. The hotel will round out Jumeirah’s “oceanic trifecta,” which includes the wave-shaped Jumeirah Beach Hotel and the sailboat-inspired Burj Al Arab. The resort’s rooms will all have a panoramic view of the Arabian Sea.
Call us to register your interest
If you are interested in any of these luxury developments in Dubai, you can call us at +971 4876 2473 or can write us at info@hfre.ae to register your interest. We can also help you get luxury and ultra-luxury properties for sale in Dubai and equip you with the right market knowledge, crucial to make the best investment decision.
