If you look at the real estate market in Dubai, you will find a dynamically developing ecosystem where the demand exceeds the supply. More and more investors and private buyers turn their eyes to the Emirates to have their share of the pie. Analysts predicted capital outflow from the UAE after it was greylisted by FATF in 2022.
However, nothing of the kind happened, and the real property market is as alive as ever. The point where the demand at least equals the supply will not be reached in several years to come, so you have the time to join the upward trend.
2023 was the year when the real estate development in Dubai showed an impressive upsurge as compared to the previous year, with 30% more projects being launched. If the trend continues, the local market will demonstrate a jaw-dropping 108% increase in functional real property by 2025 against the 2023 figures.
Developers mainly target digital nomads and expats who eagerly invest in “zero” housing. This category of buyers shows constant interest in real estate offerings, looking for accommodation with a well-balanced consumer-friendly profile. As the expat community in Dubai is growing at an impressive speed, the real estate market will expand in tune.
If we turn to statistics, we will see that the figures confirm the developers’ expectations: the population of Dubai is expected to rise by 2.5 times by 2040 at the expense of highly skilled specialists in different fields. Thus, the demand for comfortable accommodation is highly likely to grow, while budget housing and hostels will become less popular.
Customers prefer buying “zero” real estate, and the number of transactions in this area set a new record in 2023. As for the resale real estate sector in Dubai, it shows a stable decline, with the number of transactions decreasing by 70%. Four years ago, both markets demonstrated equal indicators, which testifies to the new clearly marked trend.
It is not surprising that investors show considerable interest in the primary real estate market taking into account Dubai’s prospering economy with less dependence on oil and a shift towards the financial sector, logistics, and high-tech industries. All this means that investment in UAE real property is going to be a viable project for years to come.
The popularity of “zero” construction projects is so high that many offers do not even get to national catalogs as developers start finding investors long before the facility is ready for commissioning. Real estate prices in Dubai are expected to rise, and there is clear evidence of that: the cost of facilities in popular areas, like Bluewaters, Palm Jumeirah, and Jumeirah Bay Island has grown twice over the three years. This is also true for elite housing – even though it naturally enjoys a more limited demand.
Rosewater Creek Beach Residential Complex
There are a lot of construction projects in Dubai that end without even being started after a discussion which shows it is simply not viable. There are some impressive ideas that are never realized as there are too many risks involved. In this post, we want to exemplify the Dubai real estate market with a project called the Rosewater residential complex at Creek Beach.
Why have we selected this area? Well, it is not as prestigious as the above-mentioned Bluewaters, Palm Jumeirah, and Jumeirah Bay Island, and it offers a unique opportunity that easily gets lost among more popular destinations.
Creek Harbor has not been a local real estate market player until recently, and investors are just starting to explore the area. You can buy real estate at mid-range prices here at present, but major investors are highly likely to flock here soon and stimulate a considerable price rise. The destination can potentially overtake the current Dubai market leaders, so you can catch the trend at the start.
The Rosewater residential complex is being constructed by Emaar Properties, an experienced developer that has a high reputation in the local real estate market. The company focuses on elite housing and targets HNWIs and major investors as its primary customers.
The prices they offer are reasonable but not very low as the developer’s primary concern is high-quality housing rather than an affordable cost. Dubai Creek Harbor is an appealing choice for discerning investors who seek to strike a balance between a good location, high quality, and a well-thought-out apartment design. This is a unique niche in the local zero construction sector, and the place can successfully fill it.
Let’s look at some benefits of the Rosewater residential complex:
- The estimated return on investment level is 9.8% on an annual basis
- The complex comes with all infrastructure facilities
- There is its own marina to take advantage of
- Emaar Properties management is considering the construction of Creek Tower, the highest structure, which will considerably increase the project’s attractiveness to investors
- As for Dubai city, its development plans include metro line construction in the area by 2030
- There is a restricted private beach for the convenience of residents
- The complex is a very attractive offer for investors from across the globe
- Creek Beach is a pleasant and well-maintained area
The residential complex is expected to be ready for commissioning in Q2 2025. The exact design specifics or floor plans have not been disclosed yet. However, Emaar Properties is a trusted developer that you can rely on, and it boasts an impeccable reputation in the real estate industry.
Standard Rosewater Creek Beach apartments:
- One bedroom
- The area of 66 m2
- A spacious enclosed balcony
Approximate apartment cost:
- In total, you will have to invest AED 1.51 million (USD 411,100)
- As soon as you sign the agreement, you will have to deposit the first tranche (AED 797,000)
- The remaining amount is payable upon building commissioning (AED 713,000)
Interested in Dubai real estate? Please follow the above link to read more details or talk to an expert who will answer all your questions. Investment in the UAE property is currently one of the wisest investments you can make!
