Freigegeben in Finanzen

Dubai property market has weathered the Corona crisis well

Beyond Infinity: Buying, selling and renting residential and commercial properties in Dubai

Dienstag, 13 Juli 2021 17:19 geschrieben von  Mark Bock

Dubai – The global real estate industry is also feeling the effects of the Corona crisis. In Dubai, however, the market situation was exceptionally stable in the first half of last year, despite Covid-19. Real estate transactions worth €16.3 billion were made there in the first six months of 2020. In the same period, Dubai Marina recorded a sales peak worth €770 million. The average purchase price for a flat was 253,000 euros and 550,000 euros for a villa. According to „Euronews.com“, women made investments worth 1.51 billion euros. The news portal quoted Dr Michael Waters in October 2020 with a brief analysis of the return potential of such investments. The associate professor of real estate at Heriot-Watt University in Dubai said: „From 2012 to date, anyone who has invested in Dubai has seen an annual return of about eight and a half per cent. Dubai has improved its ranking in the ‚Global Competitiveness Index‘, a kind of worldwide ranking of the attractiveness of cities within the past few years, from 29th to sixth.“

The Dubai real estate market is growing at all budget levels, not just luxury. According to experts, the number of first-time buyers who see the Corona crisis as the perfect time to buy property has increased. Referring to the booming luxury home market, the German „Handelsblatt“ headlined in May 2021: „Rich flee pandemic to Dubai.“ The online article gave the example of a Frenchman: „Frenchman Christophe Reech lived in London for almost three decades. Then came the Corona pandemic with its lockdowns, and the business tycoon finally tired of the restrictions. He recently sold his luxury row house and flew to the desert sheikdom of Dubai in the United Arab Emirates to start a new life with his family. Reech's super-rich foreign friends did the same - contributing to an unprecedented surge in sales of Dubai's most exclusive properties.“

In the first quarter of 2021 alone, sales of high-end properties increased by 230 percent compared to the same period last year. Prices in some particularly posh areas even rose by up to 40 percent. Dubai is one of the most exclusive real estate markets in the world. The economic powerhouse of the United Arab Emirates is known for its booming construction industry, masterpieces of building technology and architecture, and a very active real estate scene.

It includes Beyond Infinity Real Estate, based at Marina Plaza in Dubai. The company helps nationals and foreigners find dream properties and offers a carefully selected portfolio of spectacular rental and sales properties. The real estate agents promise a fast and uncomplicated search, regardless of whether a property is desired for buying, selling or renting. They see themselves as a full-service provider for buying, selling and renting residential and commercial properties, which of course also provides investment analyses and manages investment property.

Beyond Infinity writes about itself on the internet: „We are the highest quality services provider locally, nationally and globally through dedicated real estate and financial experts who are backed by world-class training and have a market-leading analytical function. Our company’s vision is to meet the property and investment requirements of people around the world. We offer advice on all aspects of real estate and support our customers in making profounded and value-adding decisions based on our extensive experience, real estate expertise and industry knowledge. Our goal is to provide tailor-made solutions for the real estate needs of all our customers, whether residential, commercial, and retail or land.“

To meet these demands, the financial services provider has built up a highly qualified staff with relevant professional experience and intimate knowledge of the real estate market in the United Arab Emirates. Anyone wishing to sell a property can have Beyond Infinity immediately determine the value of the home. In addition to this professional residential valuation, free valuation certification is also offered. An established team of valuers ensures that the best offers are always obtained. In order to provide expert real estate services to companies, investors and private individuals around the world, Beyond Infinity also relies on a global network of specialists.

This is one reason why the supply of properties for sale and rent is so large. As of 6 July, the property description of a fully equipped office on a lower floor of Goldcrest Executive Tower has been updated. Goldcrest Executive is located on plot C2 of Jumeirah Lake Towers just a 25-minute drive from Dubai International Airport. It is only a few minutes' drive from the main business centres from Goldcrest Executive. Offices are located on the first 19 floors of Goldcrest Executive, including 220 executive offices. Four high-speed lifts provide quick access to the offices, and all open-plan offices are of course equipped with modern network facilities. The office offered by Beyond Infinity is fully furnished and fascinates with a great lake view.

A three-bedroom flat with a full sea view is also available for rent in the Princess Tower. At 414 metres and 100 storeys above the ground, it is the tallest residential building in the world. Princess Tower is one of the many world sensations that the United Arab Emirates has to offer and offers a special blend of exciting lifestyle with the tranquillity of life by the sea.

In addition to many other rental offers, Dubai real estate professionals offer numerous high-class properties for sale. These include a modern luxury flat on the beach Grand Bleu Tower. The world‘s first designer building by Elie Saab is stunning, luxurious and charming and very much tailored to the needs and preferences of buyers. The low to mid-rise residences with dream views are accessible via the main Dubai Creek Harbour road, and Downtown Dubai International Airport is just a 10 to 15-minute drive away. Dubai Marina, The Palm and JBR are all within a few minutes‘ drive.

With the motto „Why rent a flat when you can own it“, Beyond Infinity Real Estate is also promoting property acquisition at Wavez Residence by Danube Properties. This stunning residential complex is located in Liwan, the exciting township in Dubai that offers residential amenities at unrivalled prices. There are a total of 414 flats in the residence, including 338 studios and 76 one-bedroom units. Easily accessible from both Sheikh Mohammed Bin Zayed Road and Al Ain Road, this 8,573-square-metre development consists of two ten-storey buildings. Features include a swimming pool, jogging track, children‘s playground and gym.

Letzte Änderung am Mittwoch, 14 Juli 2021 02:26
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