What are the prospects for investing in real estate in the UAE in the fall of 2023?

Introduction

In the rapidly developing market of the United Arab Emirates, investors and international corporations are eagerly seeking opportunities for growth and expansion. Real estate continues to be one of the most attractive sectors, especially in places like Dubai and other emirates. We have prepared an overview of the most interesting deals that our clients made in the fall of 2023.

Main investment assets

In this article, we will take a detailed look at several investment properties in the emirate of Ras Al Khaimah, each valued at over 1.8 million dollars. We will focus on the purposes of acquisition, the unique features of the projects, and the reasons why this emirate attracts investors.

Acquisition goals

• Acquisition of housing for personal residence.
• Creating a foundation for business expansion.
• High income and comfortable living conditions.

For many clients, the main goal of purchasing is both acquiring a home for themselves and establishing a base for business expansion. Some clients have specified particular reasons for choosing certain projects, including high investment returns and an overall level of comfortable living.

Advantages of Ras Al Khaimah

Ras Al Khaimah, being one of the fastest-growing emirates, attracts those seeking comfortable living conditions and profitable investments. It is also worth noting that many companies are considering options for relocating employees, and purchasing residential properties becomes an important step in improving their living conditions.

Dubai as a business base

Dubai is also justifiably chosen by clients as a suitable base for business expansion. The city offers a strategically convenient location, a high level of comfort, and well-developed infrastructure, making it ideal for conducting business.

• Strategic location.
• High standard of living.
• The infrastructure is well-developed.

I am particularly interested in investment apartments in the "The Community" project, which offers many opportunities in the Dubai real estate market due to years of collaboration.

Notable deals in Dubai

One of the notable deals in Dubai was the purchase of the last apartment in a completed residential complex, which offered unique installment conditions after the property was put into operation. When choosing an apartment, it's important not to postpone the decision, as rising prices and high sales velocity can lead to the loss of advantageous options.

Trust in brokers

Many investors trust us for good reason. Trust in brokers working with promising projects is an important aspect of successful investment. Long-term relationships with clients allow us to turn every deal into meaningful and successful collaboration.

Real estate offers in the UAE

The UAEreal estate market offers extensive options — for example, the "The Community" project features 961 properties with prices starting from $145,000 and an annual yield of 9%. The project is scheduled for completion in 2025.

New apartments for investment

• Apartments in the "The Central Downtown" complex in the Arjan area:
  • Price: from $208,000.
  • Yield: 8.2%.
  • Deadline: 2026.
• Elite apartment in the Erin project in the City Walk area:
  • Price: $588,000.
  • Area: 121 m².
  • Yield: up to 7.5%.
• A new residential building in Dubai Marina with designer interiors:
  • Price: from $774,000.
  • Deadline: 2027.
• The "Armani Beach Residences" on Palm Jumeirah:
  • Cost: from $6,262,000.
  • Deadline: 2026.
• New Eywa residence in the Business Bay area:
  • Price: from $2,771,000.
  • Deadline: 2026.

Conclusion

All the listed projects provide diversity and attractiveness for real estate investments in the UAE, which generates significant interest from foreigners and international companies.

In early October, Maria Alkhazova, a real estate expert in Dubai, reached out to a client regarding the purchase of an apartment in the promising emirate of Ras Al Khaimah, which clearly demonstrates the growing interest in this region.

Prospects of the real estate market in the UAE

The client expressed confidence that the market has enormous potential due to the expected opening of the first casino in the United Arab Emirates in 2027. During the discussion with the client, Maria learned from the developer about the launch of sales for a new residential complex that will be located in close proximity to this casino.

Booking and sales startup

Some of our partners in the UAE allow trusted brokers to reserve apartments even before the official sales begin. The day after the sales started, the apartments were sold out in just a few hours. Maria and her client managed to secure a reservation and chose the best two-bedroom options in this complex.

Opportunities for investors at the start of sales

At the initial stage of sales, the minimum entry level to the market is particularly low, after which the price of apartments increases by an average of 10%. It is also worth noting that at the time of opening, investors have more opportunities to choose an apartment with the best characteristics.

• picturesque view
• convenient layout
• suitable floor

The quicker an investor reacts to the start of sales, the higher the chance of acquiring property under the most favorable conditions.

Resale and selection of apartments

Maria Alkhazova, a leading real estate expert in Dubai, emphasized that the client plans to resell the apartments later when their value has significantly increased. In the category of two-bedroom apartments, the client notices less competition when entering the market. The selected property is calledHayat Island— it will become the equivalent of a famous districtBluewatersin Dubai.

We noted that the apartments in this complex could pose serious competition to the neighboring luxury hotels in the short-term rental market, as it would be more economically viable for families with children to rent an apartment rather than overpay for a hotel room.

Investments in Ras Al Khaimah

As for the emirateRas Al KhaimahThis region is located just an hour's drive from Dubai, but the entry threshold is significantly lower here. The emirate attracts tourists with its clean sea and mild climate, and rumors about the possibility of opening a casino further increase interest in real estate in Ras Al Khaimah.

Currently, in this emirate, you can find about 30 real estate listings with prices starting from508,000 dollarsFor example:

• A seaside residence with a pool and direct access to the beach in the area.Mine Al-Arab— scheduled for delivery in2026..
• 668 apartments from1,449,000 dollarsin the new complexOceanwith pools and a private beach on the islandJazeerat Al Marjan, also with the completion of construction in2026..
• The project titledPorto Playaoffers 206 apartments from559,000 dollarswith a private beach and planned rental2026..
• New residenceNikki Beach Residencesincludes 200 apartments from563,000 dollarswith a spa center and a deadline for delivery inin the year 2028.
• ResidenceRedlocated on the seaside, with 803 apartments from507,000 dollars, the deadline is —2028 year.
• 1195 apartments in a new residential complex with a beach club and spa in Ras Al Khaimah starting from469,000 dollars, with the completion of construction inin the year 2027.

Against the backdrop of all these proposals, investing in this segment could turn out to be a very profitable move.

New offer in Al Jazeera Al Hamra

In the Al Jazeera Al Hamra area, located in Ras Al Khaimah, UAE, a developer has announced the launch of a new residential complex called Ellington Views 2. This project includes 880 residential units, with the minimum price for an apartment starting at $760,000.

The main feature of this residence is its well-developed infrastructure, which includes not only an outdoor pool and beach access but also mini-golf. Construction is scheduled to be completed in 2027.

Other interesting projects

In addition, the Marbella Villas project is available in Mina Al Arab, offering 268 homes starting at $1,457,000. The completion of this complex is planned for 2024, making it quite appealing for potential investors.

Real estate market development

According to statistics from the municipal services of Ras Al Khaimah, there was a slight increase in the real estate market in the first half of 2023 compared to the previous year:

• The total transaction volume increased by 16%
• The number of transactions has increased by 44%

However, since July, there has been a sharp decline. Interest in this region has started to increase, leading to record figures:

• In July, the number of transactions increased by 392%.
• In August, it was 106% compared to the same months in 2022.

Total transactions in August 2023

In August 2023, the total transaction amount reached $94,098,430, which is 106% higher than last year when the volume was $45,737,135. The total number of transactions also increased by 8%, totaling 239,221.

Popular locations for purchasing real estate

Among the most popular places to buyreal estate is the Al Marjan archipelago, where 15 properties are available on the market, with prices starting at $1,449,000. A new residence, Oceano, is being built here, which will offer residents both pools and beach access, with construction expected to be completed in 2026. Another attractive option is the Nikki Beach Residences complex, featuring 206 apartments, with prices starting at $563,000 and completion scheduled for 2028.

Additional projects

In addition, there is the Rosso project with 803 apartments priced from $507,000, which will feature swimming pools and a relaxation area. This residence is also expected to be completed by 2028.

The new villa complex on the coast offers 1,195 apartments with prices starting at $3,260,000 and an expected completion date in 2024.

For those planning to invest in cozy residences, there are 200 apartments available starting at $790,000, which will include hotel services, a beach, and 24-hour service. Additionally, the previously mentioned project includes 474 apartments starting at $361,000, as well as a new offering with 412 apartments priced from $662,000, which will feature private beaches and pools.

Residential complexes on the coast

It is also worth noting a new project on the coast, featuring a complex of townhouses consisting of 88 apartments, with a minimum price of $1,831,000, and the completion of construction is scheduled for 2027.

Customer support

Additionally, our office in Dubai, led by Ksenia Kolesnikova, has provided comfortable accommodation for employees, including two separate studios in the JVC area. The main goal of this deal is to expand the client's business into international markets, followed by relocating part of the team to Dubai and opening a local branch.

Information for entrepreneurs

Our blog also highlights the advantages and disadvantages of doing business in the United Arab Emirates, including information on the process of obtaining residency for entrepreneurs.

Recently, our client reached out with a request to find luxury apartments in a prestigious area that could be rented in the coming months. The main requirement was the presence of high-quality finishes, furniture, and necessary appliances, which would simplify the moving process for employees as much as possible. Our specialists organized tours of properties that are in the final stages of construction, allowing the client to assess the quality of the work done and the surrounding infrastructure.

Options for apartments in Dubai

There are several interesting studio options available in Dubai. Among them, the following five properties stand out:

• Furnished studioin a residential complex with a pool and spa center in the center of Dubai, priced at $340,000, with a total area of 48 m² and one bathroom.
• Studio with a balconyIn the SLS Dubai Hotel & Residence, located in the Business Bay business center, priced at $384,000. The area of this property is 45 m² and it also includes one bathroom.
• A studio with a panoramic view of the canalIn the Paramount Tower Hotel & Residences complex in Business Bay, priced at $274,000, with a total area of 48 m² and one bathroom.
• Spacious elite studioin the Wilton Park Residences in the Mohammed bin Rashid City area, priced at $296,000, with a similar area of 48 m² and one bathroom.
• Very attractive offerwith high demand for rent - The Community in Motor City, priced at $162,000, with an area of 25 m².

Reasons for choosing Dubai

One of the reasons the client chose Dubai for business is the positive changes being implemented by the emirate's government to attract wealthy expatriates. Dubai is actively creating a business environment, which contributes to population growth.

Long-term cooperation and investments

Long-term collaboration with clients has given us a unique opportunity to delve into investment issues, especially in foreignreal estate. A few years ago, we successfully assisted our client in selecting two properties in Spain, which positively influenced his subsequent intention to invest.

The real estate market in Dubai

Currently, while examining the real estate market in Dubai, the client has clearly defined his investment goals. In the context of the booming interest in real estate in the United Arab Emirates, he aimed to find the best offers. Our team conducted a comprehensive analysis, identifying the most promising areas with high returns. As a result, one of the most attractive areas turned out to be Motor City, which ranked fifth in terms of gross yield.7%per year.

Suggestions in Motor City

Motor City offers a variety of housing options, starting at prices from145,000 dollarsOne of the most interesting objects has become the investment apartments located in the very center of the area, with an expected yield of up to9%per year, with a planned deadline ofin the year 2025.

• The new Beach Oasis 2 residence in Dubai Studio City includes a pool and an artificial beach, with construction expected to be completed by2026and the average cost of apartments starts from142,000 dollars.
• The Vista residence, being built in the prestigious Dubai Studio City area, features 163 apartments with starting prices from225,000 dollarsThe delivery is expected inin 2024.
• The modern Beach Oasis residence is also expected to be completed inin 2024, with prices starting from270,000 dollars.
• The new Orbis residence in Motor City with a pool and greenery is available starting at224,000 dollars; the completion of construction is scheduled for2027 year.
• The residential complex Mirage 1 will be offered to buyers inin the year 2025and also has a well-developed infrastructure.

The process of buying real estate

During the transaction, the investor decided to make a deposit in advance, without waiting for his arrival in the Emirates. After preliminary viewings, he had the option to cancel the purchase and get his invested funds back.

On-site, the client reviewed the offers from local developers and chose an investment package in the project The Community, which turned out to be at30%more advantageous than similar properties in other areas.

Deal results

The final amount of the deal was over550 thousand dollarsfor three apartments, with an expected yield of8%According to the client, the process of purchasing real estate in Dubai turned out to be significantly faster compared to his experience in Spain. Local experts made every effort to expedite the paperwork, and the transaction itself was completed in just a few days.

Expert opinion

Maria Alkhazova, a real estate expert in Dubai, says that her latest deal was one of the fastest. She managed to secure the last apartment in a completed complex under unique installment conditions after the construction was finished, which happened in early November.

Choosing an apartment in Dubai is a task that requires a high level of attention and prompt action. Often, buyers are interested in purchasing property in the Business Bay area, where they wish to find a completed project from a reliable developer that offers payment plans after construction is finished. However, such offers in the real estate market are quite rare, and often there are no available apartments left in these complexes.

At the same time, some deals may fall through, and then the apartments become available for sale again. This creates a unique opportunity for those who want to purchase real estate at an attractive price in a short period of time.

Maria Alhazova's experience

Maria Alkhazova, an experienced specialist in Dubai real estate, shares her perspective on the reasons why many investors choose her. Developers always inform her first about the release of new apartments, which allows her to respond quickly to market changes. Over the weekend, Maria was able to contact the developer, view a new offering, and secure a reservation for the last available unit in one of the popular completed complexes.

Nevertheless, clients worked with different agents, but most of them offered the same options. Our team of professionals closely monitors market changes, maintaining constant contact with the largest developers and providing exclusive projects that cannot be found with competitors.

Current offers in the market

For example, in Dubai, there is an opportunity to purchase housing starting from145,000 dollarsCurrently, the following offers are relevant:

• Investment apartments with profitability9%in the center of Motor City, with the completion of construction inin the year 2025and prices start at208,000 dollars.
• New apartments in the Central Downtown complex with modern amenities in the Arjan area, with expected returns.8.2%The submission is scheduled for2026.
• Unique apartments in the Erin project, located in City Walk, with a yield of up to7.5%, with a total area of121 m²starting price from774,000 dollars.
• A prestigious residential complex with luxurious finishes from the Swiss company Franck Muller in Dubai Marina, where the completion of construction is scheduled for2027 yearand prices start at6,262,000 dollars.

Additionally, it's worth noting the new residences on Palm Jumeirah and in Business Bay, which offer private beaches and pools — starting price from2,771,000 dollarsAnother interesting project will soon appear on the market, which will attract the attention of investors. Fresh offerings are in high demand, and more and more people are realizing that trust in their broker plays a key role in the successful completion of transactions.

The success of Ruslan Abdullaev

In mid-November, Ruslan Abdullaev, a local manager, successfully completed an investment deal in Dubai Maritime City. Therefore, you shouldn't delay in choosing your housing, as the real estate market in Dubai is constantly changing, and it's easy to miss out on a good offer. Be sure to consider all the details and trust professionals when selecting your new home.

Ruslan's introduction to the client

The story of Ruslan's interaction with his client began several years ago. At that time, Ruslan helped his client effectively invest in real estate in Moscow, which significantly increased the value of the apartments—by several times.

After that, the client showed a constant interest in real estate issues; however, the Dubai market never caught his attention. Even despite the high interest in property in 2022 and 2023, he preferred to invest in real estate in European Union countries.

A new conversation about Dubai

Nevertheless, recently Ruslan brought up the topic of investing in Dubai, initiating a discussion about the opportunities that this market offers. The client had often visited the Emirates and had familiarized himself with the features of the local real estate, although he still hadn't made the decision to purchase.

However, based on the successful experience of previous joint events with Ruslan, he agreed to consider this proposal and went to Dubai for viewings. A key factor for the client was the trusting, open communication with Ruslan, which undoubtedly influenced his final decision.

Trust and investments

Experienced investors are usually able to recognize insincerity and value objective information provided by brokers, based on a deep understanding of the market.

In the context of such trust, the question of which project Ruslan would invest his money in became almost decisive for the client.

Market analysis in Dubai

Ruslan Abdullaev, a real estate specialist in Dubai, continued to analyze the market with his client. The client was particularly fond of the area.Port de La Mer, combining Mediterranean style and offering picturesque views of the Persian Gulf.

However, both Ruslan and the client understood that in this area, property prices had likely reached their peak and were more suitable for personal living than for investment.

Alternative options for investments

As an alternative, Ruslan suggested that the client take a look at the new projects in the neighborhoods.Motor CityandArjan...that have a high potential for price growth. Our specialists arranged several days of private viewings for the client, during which they provided detailed information about the advantages and features of each property.

• Arjan:16 residential offers starting at $208,000 for new apartments suitable for obtaining residency and investing in a residential complex.The Central DowntownExpected return: 8.2%, completion date: 2026.
• Elite residence Bianca:located in the areaDubailandwith swimming pools and green areas. Prices start at $412,000, and the completion date is set for 2026.
• Modern residence Volare:Located near Palm Jumeirah, prices start from $203,000, with completion scheduled for 2025.
• Adhara Star Residence:with swimming pools and a tennis court. Prices start at $314,000, completion date — 2025.
• Dolce Vita complex:An elite complex and hotel with a golf club in the center of the Arjan area. The expected completion date is 2026.

Conclusion

Thus, Ruslan helped his client assess all the opportunities that the Dubai market offers, and he is confident that his experience will yield results once again, just as it did in Moscow.

Conclusion

In conclusion, I would like to emphasize that the real estate market in the United Arab Emirates, especially in promising regions like Ras Al Khaimah, continues to be one of the most attractive for investors on the international stage.

The volume of investments and the dynamics of integrating the latest projects in this segment are rapidly increasing. I've seen how our clients, anticipating success and rising real estate prices, are eager to take advantage of unique offers at the launch stage, and this is truly paying off.

The potential of Ras Al Khaimah

Ras Al Khaimah, despite its proximity to Dubai, offers more affordable options for purchase, combining this with high growth potential due to anticipated market changes, such as the introduction of the first casinos in the UAE. These factors are attracting increasing attention from both private and corporate investors, highlighting the importance of a thoughtful approach to property selection and strategic planning.

Key factors for successful investments

• Speed of decision-makingcan become a key factor for an investor who wants to achieve high returns in the future.
• Understanding the marketand the use of knowledge from experienced brokers.
• Choosing the right moment to buy- the key to successful deals.

So, if you are planning to invest in the UAEreal estate market, you shouldn't miss the opportunity to consider options in such a promising emirate as Ras Al Khaimah. It offers not only comfortable living conditions but also prospects for significant financial growth.

Remember that in real time, current offers may disappear, and only those who react quickly will be able to take advantage of the best opportunities in this rapidly evolving market.