Why are new buildings in Dubai attracting investors in 2023?

Interest in new residential projects in Dubai

In recent months, there has been a remarkable wave of interest in new developments in Dubai, which is becoming increasingly noticeable. Investors are actively seeking new residential complexes, as rising prices per square meter in the primary segment of the real estate market are becoming attractive for quick profits. Although there is a belief that cheap real estate options in the United Arab Emirates are in demand, we have discovered a number of new developments that may surprise even those with limited budgets.

Ellington Residential Complex

One of the attractive offers is a residential complex called Ellington. Prices for apartments here start at €130,350. The 8 Ellington complex is located in Dubai, with a starting price of €123,559 for 39 square meters. This project is expected to be completed and delivered in 2024. The well-known construction company PH Real Estate is involved in the implementation of this ambitious project, providing buyers with new opportunities. The British company Ellington is already working on its twelfth property in this area.

The rental offers in this residential complex are driven by high profitability, which can reach a significant 10-12%. This is due to constant demand and a carefully considered choice of location for construction. The quality of the properties by Ellington inspires trust and admiration among potential buyers.

Despite the limited information about new developments, it is known that this residential complex has become a new successful project in the developer's portfolio. The developers assure that apartment owners in Ellington can expect not only favorable rental yields but also a chance to sell their apartment at a good price after construction is completed. Currently, the price of a one-bedroom apartment is €130,350, which translates to a price of €3,342 per square meter for a total area of 39 square meters.

Residential complex Dubai Hills

Another interesting project worth mentioning is Dubai Hills. In this complex, apartment prices start at €250,000. Dubai Hills is a unique project that embodies the concept of harmony with nature, featuring spacious areas surrounded by a magnificent 18-hole golf course. It will be the largest complex of its kind in the region, effectively becoming a city within a city and transforming the idea of comfortable living.

• A study conducted by KPMG in collaboration with the National Association of Realtors found that proximity to golf courses can increase property values by as much as 20%.

Project Collective 2.0

Another interesting project is Collective 2.0, which focuses on the needs of the modern generation seeking social interaction. Collective 2.0 offers contemporary one- and two-bedroom apartments that provide stunning views of the vibrant Dubai Hills boulevard.

The success of the previous project Collective, which sold out in one day, prompted the developers to create a new property aimed at millennials, offering a variety of amenities as well as spaces for work, study, and relaxation.

Conclusion

Thus, Dubai offers a multitude of successful investment opportunities that can be appealing to buyers with various financial capabilities. The constant demand for new developments, rising prices, and attractive rental conditions create stable prospects for real estate investments in this rapidly developing city.

The market offers both elite and affordable options.Dubai is becoming increasingly attractive to potential investors. You have the opportunity to realize your dreams and invest money with good returns, regardless of your budget. Don't miss your chance to be part of this unique and promising market.

Dubai Hills Boulevard

In the nearby park and shopping center, Dubai Hills, you can find the most important element of this area — the Dubai Hills Boulevard. It stretches across the entire Dubai Hills Estate, connecting key establishments such as shops, recreational areas, medical facilities, educational institutions, and residential neighborhoods.

The boulevard features an attractive modern design, complemented by artistic installations, unique boutiques, and beautifully arranged greenery that provides shade and comfort for relaxation. This place can confidently be called a true urban oasis, where locals and visitors gather to socialize and enjoy the surrounding atmosphere.

Dubai Hills Mall

The Dubai Hills Mall was created with the intention of attracting both locals and tourists. Inside, you can find over 650 boutiques and dining establishments, including:

• entertainment centers
• cinema
• large hypermarket

This is the perfect center for shopping and leisure that will attract the attention of both locals and travelers.

Dubai Hills Park

Dubai Hills Park is a vast green space covering an area of180,000 square meters...which is equivalent to almost 30 football fields. It's the perfect place to relax, where you can unwind and dedicate time to your favorite activities that bring joy to your mind, body, and soul.

Services and amenities

As for the services, the entrance group offers enhanced conditions for the convenience of all guests. Traditional reception desks have been eliminated, and a new design concept has been implemented in their place —Collective 2.0This creates a cozy atmosphere, and the always friendly concierge is ready to help and answer your questions.

Interiors of the apartments

The interior design of the apartments is done with consideration of modern design trends. Stylish and elegant interiors create a unique space where industrial chic and coziness harmoniously blend together. Thanks to the partitions, the apartments can easily transform a bedroom into a comfortable living room, providing ample space for socializing with friends and engaging in active leisure activities.

You will be able to step out onto your balcony and enjoy the beautiful view of Dubai's magical cityscape.

Active spaces for residents

It is important to note that residents have access to various spaces for active leisure. You can:

• start the morning with a workout at a modern gym
• spend time in the library
• to relax in the gaming area or the cinema
• relax in the open lounge

Additionally, you can refresh yourself in the pool and then chat with neighbors or friends in the shared office spaces.

Residential complex Dubai Hills Estate

The Dubai Hills Estate residential complex is a large-scale project that encompasses several neighborhoods being developed around a magnificent...18-hole golf courseAccording to the developers, this project is the largest of its kind in the region.

Along Dubai Hills Boulevard, there are key infrastructure facilities, such as:

• stores
• parks
• educational institutions
• medical institutions
• residential areas

This makes this place exceptionally attractive for living and residing.

Dubai Hills Mall

The Dubai Hills Mall is aimed at attracting guests from all over the world and offers more than 650 diverse shops, as well as numerous dining options. This center features various entertainment options, including a cinema and a large hypermarket.

A park is planned to be developed in the immediate vicinity, covering an area of 180,000 square meters, which is equivalent to the size of thirty football fields.

Residential complex Collective 2.0

At the moment, you have the opportunity to purchase apartments in the Collective 2.0 residential complex, which offers options with one and two bedrooms.

Unique features of the project

The real estate project stands out with its unique features, among which the twin towers East House and West House take center stage. These residential complexes are just a five-minute walk from one of the most famous shopping destinations — Dubai Mall, and only three minutes from the picturesque waterfront adjacent to the Dubai Water Canal.

Convenient location

Thanks to its convenient location, residents have the opportunity to quickly reach the international airport, which is just a 15-minute drive away, as well as important highways, such as:

• Sheikh Zayed Road
• Al-Hail Road
• Emirates Road

High-quality finishing

The complex is known for its exquisite level of finishing both in the public spaces and in the apartments themselves. Permanent residents will be able to enjoy breathtaking panoramic views of the majestic Burj Khalifa and the vast Dubai, which significantly enhances the appeal of the entire complex. The unique design and luxurious finishes will allow the project to stand out among other places located in the area.

Moreover, the offer of a limited collection of spacious apartments with garden access is a rarity in the surrounding development.

Comfortable living conditions

Each of the towers is equipped with three passenger elevators and one service elevator, ensuring comfortable movement between floors. The architectural solutions adopted during the design take into account the needs of the residents, offering a wide range of modern amenities. The elevators are located in the corner sections of the buildings, which adds privacy and creates a calm atmosphere.

Open layouts and elegance

The living units feature an open concept and spacious areas. The ceiling height reaches three meters, creating a sense of freedom and light in each room. The floors are made of high-quality marble, which emphasizes the elegant style of the entire complex. The kitchens and bathrooms are equipped with walls finished in the same marble, adding an extra element of luxury.

Modern technologies

The entire construction uses a modern German sliding cabin system from Wicona with double glazing, which provides excellent sound and thermal insulation. Spacious terraces with transparent glass railings offer convenient access from the interior, making everyday life much more comfortable.

Quality of household appliances

The quality of life in this complex becomes even more appealing due to the use of high-quality European appliances. The kitchens are equipped with:

• Gas stoves
• Ovens
• Refrigerators with freezers
• Dishwashers
• Cooking surfaces

This combination of comfort and first-class service makes this project especially appealing to those seeking luxury and convenience in the heart of Dubai.

Modern Italian cuisine

Modern Italian cuisine, designed with the latest trends in mind, features stylish quartz countertops and a bar that is perfect for morning moments over a cup of coffee.

Bathroom design

The interior design features plumbing from the renowned brand Bagno Design, which gives the bathroom a unique charm and a cozy atmosphere. Special attention is given to the vanity with two sinks, which serves as both a functional and aesthetically pleasing element of the interior.

Main amenities in the bathroom

The main bathroom features a tropical shower and a cozy bathtub, creating a wonderful environment for relaxation and rejuvenation after a long day.

Home automation system

The home automation system greatly simplifies life by allowing control over lighting, climate control, curtains, and audiovisual devices, thereby enhancing the overall level of comfort.

Connection and internet

All apartments in the residence are equipped with high-speed internet and telephone lines, allowing you to stay connected with the outside world.

Services of the residential complex

The residential complex offers a wide range of services, including:

• 24/7 concierge service
• Security
• Parking services

Residents have access to a 30-meter outdoor pool where they can cool off on summer days, as well as two beautifully landscaped gardens with areas for relaxation and entertainment.

Active recreation

For active residents, there is a multifunctional room with access to a picturesque garden on the upper level, which adds coziness to this space.

Fitness centers

Fitness centers with a full range of equipment and separate changing rooms allow you to maintain excellent physical shape without leaving the complex.

Parking

The parking issue has also been properly taken into account.

• Studios and one-bedroom apartments — one parking space each.
• Two-bedroom apartments — one spot each.
• Three-room apartments - two to three places.
• Four-room apartments - two to three places.
• Penthouses - from four to six people

Location of the residential complex

The Sterling by Omniyat residential complex is located in a rapidly developing area of Dubai, near iconic landmarks such as the Burj Khalifa and the Dubai Water Canal.

Facade and architecture

With a matte silver facade, the platinum twin towers are true gems of the urban landscape, reflecting the vibrant life of Dubai with its lights and starry sky.

Proximity to attractions

These towers, named East House and West House, are located just a five-minute walk from the famous Dubai Mall complex and only three minutes from the waterfront along the canal. Dubai International Airport is a 15-minute drive away, making life in this area extremely convenient.

Views from the windows

The apartments offer stunning views of the Burj Khalifa and the city center, which undoubtedly enhances the value of living in this complex.

Modern conveniences

The list of amenities in the residential complex includes not only modern apartments but also a wide range of additional services:

• Attics
• Three passenger elevators
• One service elevator in each of the towers.

The constant presence of concierge and security services ensures a high level of safety and comfort, while the developed infrastructure creates an atmosphere of a full life in this unique place.

Conclusion

The conclusion I want to draw, summarizing the discussion on new developments in Dubai, highlights the changing dynamics of the real estate market. The interest of investors in Dubai apartments is not coincidental — the rise in prices in the primary market, especially in projects like the Ellington residential community and Dubai Hills, opens up numerous opportunities for buyers. The rental income achieved is reaching10-12%It becomes an absolutely realistic goal for those who decide to invest in the UAEreal estate market, which, despite its high prices, still has options even for more modest budgets.

Each of the mentioned residential complexes not only offers apartments with unique layouts and convenient locations but also enhances the attractiveness of the investment due to the high level of construction quality and well-thought-out infrastructure. From the elegant boulevards running through Dubai Hills to the green parks for recreation and sports, each offering creates the perfect environment for living and working.

Key aspects

• Increase in prices in the primary market.This creates excellent conditions for investment.
• High rental yield.The opportunity to earn up to 12% per year.
• Quality of construction.Projects from well-known developers guarantee the durability and appeal of housing.
• Decentralized infrastructure.Parks, shops, and public spaces create comfort for residents.

Thus, the real estate market in Dubai opens doors not only for successful investment but also for creating mass appeal in housing. It is especially important to note that the proposed projects are not just civic initiatives; they are ambitious ideas that can change the perception of life in Dubai and create genuine value for residents and investors. Considering all the aspects mentioned, I am convinced that this is just the beginning of a new phase in the history of real estate in the UAE, where smart investments, lifestyle, and high standards of quality become the main priorities. I hope that my review will help you better understand the current opportunities and possibly lead to your next significant step in the world of real estate investment.