When it comes to the world’s most luxurious destinations, Dubai tops the list, with this lavish United Arab Emirates city having made a name for itself with its extravagant hotels and restaurants, record-breaking buildings and impressive man-made islands.
Dubai attracts big-spending tourists each and every year who come to marvel at the endless array of supercars cruising its streets, splurge in its gold-lined designer shopping malls and soak up some sunshine on its beautiful golden sand beaches – but it’s also quickly becoming a prime spot for luxury real estate investors, and with good reason.
As a global business hub, Dubai sees a vast number of high-flyers jetting in and out to do big money business deals every week, and some are choosing to make it a more permanent base. Others, meanwhile, are jumping at the chance to snap up a prime piece of real estate on one of the many plush developments popping up in desirable areas across Dubai thanks to the sizeable rental returns they can expect to make on it from wealthy tenants – and Dubai Creek Harbour is currently the most coveted development attracting attention from global cash buyers.
The neighbourhoods of Dubai are well-planned by talented developers with many years of experience, offering advanced infrastructure and comfortable living conditions in Downtown Dubai, Dubai Marina, Akoya Oxygen, Dubai Creek Harbour, and other popular destinations of the emirate.
Property in Dubai Creek Harbour for sale is among the top choices of foreign investors in 2023 for a variety of reasons. Just a ten-minute drive from Downtown Dubai, this beautiful waterfront development is set on the banks of the historic Dubai Creek, and offers stunning views of the Dubai skyline and the water, allowing residents to take in some truly spectacular sunsets over the iconic Burj Khalifa.
The area is home to a flurry of cafés, shops and restaurants and a vibrant creative scene, with plenty of activities for children, too, which has seen it become a popular choice amongst families and young professionals alike. And of course, the properties themselves are suitably impressive, too, with sprawling penthouses and spacious apartments available for the taking.
Luxury real estate from foreign investors and potential residents at Dubai Creek Harbour and other high-end developments is on the rise as the UAE continues to take a more progressive approach to the concept of foreign investment, which is now viewed as an investment into the treasury. The influx of new people has had an undeniably positive impact on the economy, helping to develop the real estate market and improve the banking sector, so there are many reasons a move to Dubai might be a little more realistic than you think.
Things to know before you relocate to Dubai Creek Harbour
According to the latest statistics, more than 85 per cent of the Dubai population comprises citizens of other countries, making it a cosmopolitan destination in which you can expect to make plenty of international friends and develop your understanding of other cultures.
If you’re one of the many wealthy investors keen to make the move and make Dubai your permanent home, then it’s tempting to go ahead and book those first class flights immediately – but first, here are four things to consider before you do to ensure your move goes smoothly.
You’ll need to adjust to a new working week
For Muslims, Friday is considered a holy day, which means the Monday to Friday working week we know simply doesn’t exist in the same form in Dubai. Instead, the weekends start on Friday and end on Saturday, which makes Sunday a working day – changes that might seem relatively insignificant for remote workers and those who work on a freelance basis, but are important considerations if you’re planning on running your international business operations out of Dubai.
You can get by in English just fine
As Dubai is a cosmopolitan city, English is widely spoken. There is no need for foreigners to study Arabic if they have no problem with the English language, although knowing a little of the local lingo will of course always be welcomed and seen as a sign of respect for the local culture.
The cost of living is extremely high
It’s no secret that the cost of living in Dubai and its districts is extremely high, and prices continue to skyrocket in line with the constant flow of tourists and high demand for real estate. This is one of the many reasons that Dubai is most attractive to the world’s wealthy, and those with plenty of money to enjoy the high-life whilst living here.
Dubai is considered one of the safest cities in the world
In 2020, the UAE became the only country whose three cities – Abu Dhabi, Dubai, and Sharjah – ranked among the top ten safest cities in the world. Strict penalties, long prison sentences, highly publicised cases, and the use of undercover police all contribute to Dubai’s reputation as one of the safest cities to live in – but if you plan on moving here, it’s wise to get familiar with how the laws differ here to those in your home country.
How to relocate to Dubai Creek Harbour
Before buying real estate in Dubai Creek Harbour, it’s advisable to come to the area and spend some time living in the area to ensure it’s right for you. Such an approach will allow you to experience the local lifestyle and get to know your future neighbours. If your aim is to purchase a villa or an apartment in Dubai Creek Harbour as an investment project, rather than to live in it yourself, then visiting the area is equally important as it will give you a clear picture of its profitability and cost-effectiveness.
Once you’ve got your heart set on Dubai Creek Harbour, the next step is to apply for a resident visa. If you purchase a residential property in Dubai or any other Emirate that is worth at least one million Dirhams, you’ll be eligible for a UAE residence visa that is valid for two years, after which time, you can apply to extend.
The bottom line
So you’ve decided to go ahead with luxury real estate investment in Dubai? Congratulations! The real estate agency AX CAPITAL is an ideal place to start when selecting your perfect property and can facilitate the purchasing process to ensure it all runs smoothly.
