Emaar Beachfront is a center of tourist attraction and a beneficial investment 

Emaar Beachfront is a center of tourist attraction and a beneficial investment 

Beachfront Island is located between two of the city’s most tourist locations – Dubai Marina and Palm Jumeirah Island. The apartments in any of the buildings on the island are designed so that they have a view of the sea, either on the Palm or Dubai Marina, regardless of whether you choose 1, 2, 3, or 4-bedroom apartments. Such an advantageous position contributes to the unprecedented demand for this project among residents and investors looking for a successful option for investments in the tourist city. Potential residents prefer to buy properties in Emaar Beachfront because of the high investment return as well. In a few words, an area is an ideal place for different purposes. 

Emaar Beachfront is a center of tourist attraction and a beneficial investment 

Reasons to invest in real estate in Emaar Beachfront 

Unstable times have always forced people to make investments not to lose everything. Investment in real estate in Dubai provides an opportunity not only to save accumulated but also to multiply their capital.  Moreover, the profit comes very quickly and house owners are not palmed off with promises. The opportunity to make money by investing in real estate is at the top of rational decisions among foreign residents. Each year, housing in the most popular emirate in the world increases in value by an average of 5-6%. Apartments in liquid houses are sold out in a day. And the profit on invested capital at the initial stage can already reach 15-35% per annum. These figures characterize all the neighborhoods in Dubai, but the real estate in the coastal area, like Emaar Beachfront, may appear even more beneficial. 

Steps to perform when investing in real estate in the Emaar Beachfront 

Understanding the main trends in the real estate market and making far-sighted investment decisions are almost impossible without quality analysis and preparation. Thanks to the strong support of the UAE government, the country has a stable economy and offers high quality of life. The current flow of foreign investors in all the neighborhoods of Dubai is explained by a number of reasons, including the government’s encouragement of small and medium-sized businesses, the flexibility of the business environment and tax policies, a sustainable economy, and the constant improvement of rules and laws aimed at creating an ideal platform for economic success. So, how to become a real estate investor in one of the most popular areas of Dubai? Let`s find it out. 

Think carefully about your goals in Emaar Beachfront and choose the necessary type of property to invest in. 

All of the following properties can be rented out:

  • Residential – studios, apartments, penthouses, villas, townhouses, and other types. The real estate market is rich in variety and prices start at AED 200,000.
  • Commercial – retail space, warehouses, offices. It makes sense to consider because, as written above, the government of Dubai is actively attracting foreign labor. To date, in the emirate, more than 80% of foreigners reside on a permanent basis.
  • Hotel real estate – you buy apartments in the hotel complex. You can live on your own, and you can rent it. The owners of the complex are engaged in the latter, you get the income, taking into account the deduction of the hotel commissions.

A special option is off-plan real estate. It means that the property is still under construction and will be finished in a definite time. The types of off-plan properties are the same as those of the already finished ones. 

After selecting an object, contact the developer and prepare a deal. 

It is customary in the Emirates to conclude a Memorandum of Understanding and execute a Certificate of No Objection (NOC). Memorandum, otherwise Contract F, records the transfer of the buyer’s deposit and the terms of the future transaction. The NOC certificate is drawn up in the office of the builder and confirms the absence of financial claims of the latter to the seller.

Signing the contract of sale and registration of ownership.

The above-listed documents must reflect:

  • the address of the property;
  • its value;
  • the procedure of settlement between the parties – parties to the transaction;
  • conditions and terms of real estate transfer.

When purchasing housing under construction, the contract shall additionally specify the terms for completion of construction and the developer’s liability for violation of the deadline for the delivery of the house.

Help in real estate purchase in Emaar Beachfront 

In case of having no experience or experiencing difficulties in choosing real estate, contact real estate agency AX CAPITAL. The professional agents will help to make the correct decision and prolific investment. Do not get lost in the abundance of premium properties in Emaar Beachfront, visit the website, adjust the settings, and find out the necessary home. Houses and apartments of outstanding quality are waiting for their owners. 

Masab Farooque is a Tech Geek, Writer, and Founder at The Panther Tech. He is also a lead game developer at 10StaticStudios. When he is not writing, he is mostly playing video games