The UAE is renowned for its extraordinary architectural achievements, including the world’s tallest building, the largest man-made island, and a gigantic observation wheel. Now, a massive underwater railway connecting El-Fujairah and Mumbai, India, will be added to this list.

The railway, approximately 1900 kilometers long, will run along the coast of the Arabian Sea. High-speed trains will traverse this route, reducing travel time between the two cities to just two hours, faster than air travel. The railway will serve both UAE and Indian citizens, as well as tourists and workers. There are also plans to introduce freight trains.

The project is undertaken by the UAE’s National Consultative Bureau. Although it is in the early stages of development, it promises numerous remarkable features. Some sections of the tunnel will have transparent windows, allowing passengers to enjoy breathtaking underwater views during their journey.

The initial cost of the project is estimated to be over 1 billion dollars. It is challenging to predict the total cost and completion timeframe, but engineers anticipate that the project will take no less than 7 to 10 years.

This underwater railway is set to become a signature project for the UAE and a response to other ambitious regional initiatives. It will demonstrate to the world, including Saudi Arabia, that the UAE remains a leader in construction and innovation.

Сообщение UAE to Build 1900-Kilometer Underwater Railway to India появились сначала на Dream Royal Real Estate.

The increasing interest from investors in Russia and China has led to exponential growth in the UAE real estate market, particularly in Dubai’s elite property segment, according to industry insiders.

In the face of geopolitical tensions and economic uncertainty in their home countries, wealthy individuals from Russia and China are turning to Dubai for high returns and a secure haven for their capital.

Russian and Chinese investors, in particular, are actively purchasing real estate in Dubai, with transaction volumes significantly higher compared to the previous year.

This influx of investment has led to a considerable increase in prices in Dubai’s elite real estate segment. In Al Barrari, the number of real estate transactions in investment properties increased by 400%, with the majority of buyers being ultra-high-net-worth citizens from Russia and China.

The growing demand is also reflected in transaction volumes. Over the past year, the volume of off-plan property transactions in Abu Dhabi and Dubai has increased by 94.1% and 43.3%, respectively.

When it comes to elite real estate, both Chinese and Russian communities play a significant role. However, in early 2022, after the conflict with Ukraine, Russians began to dominate property sales.

“Chinese investments reached a historic maximum, accounting for 13-14% of total sales. In 2022, they decreased to 4%, but this year, they have risen to 8%.”

Among the most popular investment areas for Russians are Dubai Marina, Palm Jumeirah, and Jumeirah Beach Residences. Their Chinese counterparts prefer locations such as Jumeirah Golf Estates, Downtown Dubai, and The Springs.

Russians Contribute to the Growth of Short-Term Rentals in Dubai

Russians are also increasingly turning to short-term housing rentals.

“The surge in the number of Russian tourists wanting to rent short-term accommodation in Dubai began even before the pandemic. Starting in October 2019, it became evident that a significant portion, about 80%, of the clientele was of Russian origin.”

“Their preference for Dubai as a tourist destination is due to the favorable climate and the numerous attractions in the region.”

In 2022, the strong demand for short-term rentals was primarily driven by Russian tourists. Besides the demand resulting from the FIFA World Cup in the last quarter of the previous year, the growth in bookings by Russian tourists was mainly due to the ongoing geopolitical tensions related to Ukraine.

“Last year, approximately 45% of our bookings were from Russian tourists, and this trend seems to continue, as evidenced by current reservations.”

Сообщение Super-Rich Russian and Chinese Investors Flock to Dubai for Elite Real Estate появились сначала на Dream Royal Real Estate.

“I like the openness of doing business here and the scale,” said Elvina Abibullaeva, founder of the Russian-language urban media project “Shchuka/PIKE,” in an interview with Arabian Business.

Abibullaeva established the Dubai branch of the popular media project, noting that “Dubai is an important point for scaling ‘Shchuka.'”

When asked why more Russian speakers are considering and choosing Dubai for immigration and business, she responded, “I think Russian-speaking individuals see great potential here because they have experience they can share with Dubai’s relatively young industry.”

Expanding on the theme of openness and addressing the question of “What specifically attracts Russian speakers to Dubai?” Elvina provided her own example: “I like the openness in business and the scale. We spoke at a Dubai restaurant conference, after which several Arab entrepreneurs approached us to collaborate because they liked our vision. I think Russian-speaking individuals see a lot of opportunities here since they have experience [in business] that they can share with Dubai’s relatively young industry.”

Elvina adds that in Dubai, “very ambitious people come,” underscoring the region’s importance as a hub for small and medium-sized businesses.

Aside from the “theory,” it’s important to understand what entering the Dubai market actually entails. “Opening an LLC (equivalent to an LLC) in Dubai is not cheap. Difficulties begin at the stage of choosing a company to help you open it. Everyone calls different terms and prices,” commented Elvina on the subject of opening an LLC. However, she is confident that “this [price] is precisely a kind of screening for people who do not take business seriously.”

“Money here comes to everyone who is enterprising and professional,” concludes Elvina Abibullaeva. According to Elvina, only a similar mindset when relocating will lead to inevitable success.

However, our interlocutor immediately reassures us, “This is definitely one of the best places to enter the global market.” Such an opinion can undoubtedly serve as a compelling argument for small and medium-sized business owners and encourage them to move to Dubai.

Moreover, it’s essential to highlight several government initiatives in Dubai and the UAE, such as the Dubai Free Trade Zone, which simplifies the company formation process and offers favorable tax conditions in exchange for meeting specific requirements depending on the business type. On the other hand, the government is actively developing the information sector, particularly the E-government project. This initiative aims to streamline “typical bureaucratic processes,” such as company registration or the creation and signing of various contracts, which are critical to business development. Thanks to this initiative, entrepreneurs now have access to a range of contract templates.

Despite how expensive Dubai may seem, including housing prices, daily expenses, and the above-mentioned LLC setup, it remains a magical place with its unique Eastern charm. Elvina’s project underscores the uniqueness and accessibility of Dubai to everyone interested. While Elvina’s team is ready to highlight dozens of weekly events and unique “must-visit” places, she chose “Dubai :)” in response to the choice between Tbilisi, Yerevan, or Dubai, citing “friendly service, people, and the opportunity for development” as her reasons for choosing Dubai.

Сообщение Dubai: One of the Best Places to Enter the Global Market появились сначала на Dream Royal Real Estate.

Rave Reviews from Global Travelers
According to representatives from TripAdvisor, a vast number of tourists who visited Dubai in 2023 shared positive reviews and unique personal experiences from their trips to the emirate. Travelers from around the world are drawn to Dubai primarily because of its diverse array of vibrant entertainment activities and rich cultural heritage.

Dubai’s Irresistible Attractions
Dubai boasts a multitude of intriguing attractions. For instance, the world’s tallest tower, the Burj Khalifa, and the artificial island of Palm Jumeirah. Additionally, there’s the futuristic Museum of the Future, the themed Legoland Park, The Lost Chambers Aquarium, and the indoor ski complex known as SKI Dubai.

Prime Real Estate Investment in Dubai
At Dream Royal Real Estate, we understand the allure of Dubai’s real estate market. As a premier real estate agency, we’re here to connect you with exceptional investment opportunities in this vibrant city. Dubai’s consistent ranking as a top tourist destination also makes it a prime location for real estate investment.

Your Gateway to Dubai’s Real Estate Market
We offer a wide range of properties, from luxurious apartments to exquisite villas, strategically located in Dubai’s most sought-after areas. Our team of experts is dedicated to helping you find the perfect property tailored to your investment goals.

Secure Investment with Residency
Investing in Dubai’s real estate market not only provides a secure and lucrative opportunity but also opens the door to residency in this dynamic city. Our comprehensive services ensure a seamless investment experience, from property selection to acquisition.

Embrace the Dubai Dream
As Dubai continues to thrive as a global tourism hub, now is the time to explore the rewarding world of real estate investment with Dream Royal. Contact us today to learn more about the exciting possibilities awaiting you in Dubai’s real estate market.

Source: ArabianBusiness

Сообщение Dubai: A Tourist Magnet появились сначала на Dream Royal Real Estate.

This unprecedented interest in Dubai real estate is a direct result of an ambitious project on Palm Jebel Ali. Located in the heart of the Persian Gulf, this island offers unique opportunities for seaside living amidst luxury and comfort.

The new villas on Palm Jebel Ali are architectural marvels, combining modern technology, unique designs, and breathtaking ocean views. Their owners will have access to luxurious beaches, state-of-the-art amenities, and unparalleled privacy.

This robust demand for real estate in Dubai reaffirms that the emirate remains one of the most desirable investment destinations, offering the creation of world-class homes.

This project on Palm Jebel Ali is not just an investment in real estate; it’s an investment in the future, in comfort, in luxury, and in the joy of living. Don’t miss your chance to live in paradise by the ocean! Stay tuned to learn more about this exciting project and the opportunities it may offer you and your family.

Сообщение First Sold Out on Palm Jebel Ali появились сначала на Dream Royal Real Estate.

In partnership with esteemed developer Sobha Realty, we provided a unique platform to explore the exquisite real estate projects of Dubai that seamlessly blend style, convenience, and prestige.

Deal Closures and Advance Reservations: A Step Towards Luxurious Living

Over the course of the two-day exhibition, numerous attendees had the opportunity to closely acquaint themselves with the Sobha Realty projects showcased. The variety of options, ranging from apartments to villas, impressed the visitors, and the experts from Dream Royal were present to offer detailed consultations and assist in selecting the perfect homes.

We take pride in announcing that as a result of the event, several deals were successfully finalized, along with the acceptance of advance reservations to secure real estate properties. This underscores the trust and confidence in the quality of the projects we presented, as well as our partners, Sobha Realty.

Partnership, Professionalism, Advantages

At Dream Royal, we always prioritize the needs and expectations of our clients. Our goal is to ensure that every client gains access not only to the finest real estate projects but also to a unique experience that reflects our commitment to professionalism and service quality.

By coming together with Sobha Realty, we created an opportunity for exhibition guests to appreciate the luxuries and conveniences that Dubai projects offer. The convenient locations, exclusive amenities, and stunning designs all contribute to making each property distinct and highly sought after.

Thank You for Your Support

We extend heartfelt gratitude to everyone who attended the “Dubai Sobha Roadshow” in St. Petersburg. Your interest and participation make our endeavors all the more significant. Our partnership with Sobha Realty allows us to continue providing you with the finest real estate opportunities.

If you wish to learn more about our projects or seek consultation from our experts, please do not hesitate to get in touch. We are always ready to assist you in making the right choices for your future.

Сообщение Successful Conclusion of Dubai Sobha Roadshow in St. Petersburg появились сначала на Dream Royal Real Estate.

Experts from SOBHA Realty, in collaboration with Dream Royal, will be delighted to provide consultations on the most relevant projects.

⚜ Discover the profitability and return on investment based on your budget.

⚜ Learn about the possibility of obtaining a residency visa.

⚜ Reserve apartments right on the spot.

⚜ Receive answers to all your questions: how to make payments from Russia? How to open an account? and much more.

Exciting projects from Sobha Realty await you:

⚜ Verde – a luxurious tower with panoramic apartments in the JLT area.

⚜ Riverside 320 – apartments overlooking an artificial lagoon in the Sobha Hartland II area.

⚜ SeaHaven – a complex of 3 towers in Dubai Marina with pools and fitness clubs.

⚜ Reserve Villas – luxury villas with 5-7 bedrooms in a private community.

REGISTER NOW:

1. To submit your application, click here.
2. After registration, we will contact you to schedule a precise time.

Join us on August 12-13 at the Four Seasons Lion Palace St. Petersburg hotel to invest in the future together with SOBHA Realty and Dream Royal Real Estate!

Выставка недвижимости Дубая в Санкт-Петербурге SOBHA

Сообщение Sobha Realty Roadshow in St. Petersburg Conclusions появились сначала на Dream Royal Real Estate.

Сообщение Getting Acquainted with Sobha Realty: A Glimpse into Luxury Living появились сначала на Dream Royal Real Estate.

CONTENT:

Where to expect new housing?

Rent Regulation

Different Index Calculation

Off-plan success – depends on the developer

WHERE TO EXPECT NEW HOUSING? Analysts have calculated that by the end of 2023, another 35,000 apartments and 6,800 villas will be handed over in Dubai. New real estate will appear in all areas of the emirate, but the following can be especially highlighted:

Downtown Dubai – a popular area with elite real estate; Business Bay – an area with a large selection of apartments in high-rise buildings; Jumeirah Village – a residential complex consisting of six areas with a wide selection of various real estate. Experts separately highlight three areas of the emirate under construction, where a lot of new real estate will appear by the end of the year.

Mohammed Bin Rashid City (MBR City) – a developing freehold community in Dubai, one of the largest new areas; Dubai South – an area with the largest international airport Al-Maktoum; Dubai Creek Harbor – a large high-rise residential complex in the coastal zone. The biggest growth in 2023 will be in Mohammed Bin Rashid City – developers plan to hand over a total of 10,000 apartments there.

RENT REGULATION The first half of 2023 marked an increase in rental yield. And if this was good news for investors, then not always for tenants. Therefore, the Dubai authorities will try to regulate the growth of rent.

Now, to calculate the growth of rent, the Dubai Land Department (DLD) uses the so-called rental index. It determines how much the rent can increase, depending on the location of the property.

DIFFERENT INDEX CALCULATION The new rental index will be calculated in a completely different way. It will take into account how people assess the quality of life and the convenience of infrastructure in a particular building. The final rating will be made up of these assessments, expressed in “stars”. For example, a building with the highest possible rating of 4 stars will be considered “ultra luxury”. In such buildings, landlords will have no restrictions on the growth of rent.

However, more modest buildings will have restrictions. To increase the rent in a building that is not popular with people, the owner will have to obtain permission from the Real Estate Regulatory Authority (RERA).

Initially, this innovation will only affect apartment buildings, but later it will be applied to villas as well. As for how all this will affect the rental yield, the general forecast is that while the rent will continue to grow in the second half of 2023, its growth rate will significantly decrease.

OFF-PLAN SUCCESS – DEPENDS ON THE DEVELOPER A noticeable trend in the first half of 2023 was the growing popularity of off-plan real estate. For example, in May there were 4,824 transactions with apartments and 1,137 off-plan transactions with villas. This is 103% and 30% more, respectively, than in May 2022.

For comparison, in the same May 2023, there were 4,038 transactions with ready-to-move-in apartments and 877 transactions with ready villas (74% and 57% more than the figures for May 2022).

Many believe that the off-plan real estate market awaits further impressive growth and dominance over ready-made projects. However, there is an opinion that such success will be short-lived and the new trend will die down by the end of the year. For now, given the popularity of off-plan projects, We advise investors to be very careful in choosing developers in whose projects they plan to invest.

Сообщение Dubai is waiting grow up for the off-plan market and rent to stabilize появились сначала на Dream Royal Real Estate.

Analysts argue that Dubai finds itself in a unique position, currently attracting investment and migration from both Western countries and Asia. This fundamentally distinguishes the present situation from that of 2009 and 2014 when the local real estate market peaked.

Despite the rapid price growth, Dubai still lags behind major cities like New York and London. For instance, property in central London can cost up to $15,000 per square meter, and yet, most of it is old and is not considered premium. In contrast, the price per square meter in new buildings in the center of Dubai averages around $7,500, thus half of what it is in London.

Based on AI analysis, Proptech experts predict that Dubai’s real estate market will continue to grow over the next three years. In terms of the number of transactions and property price increase, 2023 may reach a peak, after which the growth will slow down. The AI also forecasts that Dubai neighborhoods Sobha Hartland and Creek Harbour will soon become highly sought-after by buyers and investors.

Inflation and rising property prices can slow down the overall growth of a country’s economy, which may impact the middle class. To mitigate this effect, Dubai has made efforts to increase housing affordability, particularly through the construction of social housing. This may render the real estate market more resilient, preventing a real estate “bubble.”

Сообщение DUBAI’S REAL ESTATE MARKET PREDICTED TO GROW FOR THREE YEARS появились сначала на Dream Royal Real Estate.