Residential Properties to Buy in Dubai

It is said, we buy a home and we rent a house. No wonder then that a home is called our ‘own’ because that is where our heart is. That is where we always love to be.

However due to business, or work or for investment reasons, we purchase properties in different lands. UAE is currently looked at a popular investment destination and there are ample opportunities to buy residential properties in Dubai.

Property developers like Alcove Real Estate Development are defining the road to success in the residential landscape of Dubai.

Here are a few things that make them stand out from the others.

Location: The site location is simply too good to resist. Anything that is within 20 minutes drive of the famous Burj Khalifa is definitely an address everyone would want. Not just a popular tourist destination, it also is home to the Dubai Mall which can cater to all the daily needs of a home – from bakery to toiletries.

Quality: Using the best material and aesthetic design has been the core principles of Grovy. Giving its customers, the best value for their money is their quality principle.

Affordable: Since the projects cater to a varied group of people from the economic strata, the pricing is kept affordable yet there is no compromise on quality when it comes to the luxuries offered.

Safety and Ethics: Grovy has always focused on safety and ethical work practices in all its projects. The Dubai site is no exception. You can rest assured that utmost care has been taken to ensure the safety and well being of all the workers who have built the house. Unethical practices like in habitable lodging areas and low standard of living in the workers quarters has been completely avoided in the course of obeying the laws of the land.

Be it for investment or for own stay, Residential Propertiesto Buy in Dubai are being provided to the buyers and they are exploring this market with eagerness. Though it may be currently popular with celebrities and very wealthy individuals from India, it is expected to soon become affordable to anyone who has the right mindset and the readiness to make a profitable investment.

Are the Challenges of the Real Estate market in Dubai effecting its business??

The real estate market in Dubai is thriving with its new and ambitious projects, and constantly pushing the development to greater peaks. luxury homes & real estate in Dubai is a mark of esteemed architecture and design that grants an iconic boundary to the city. In spite of dramatic ups and downs in the sector, Dubai real estate developer with their forward thinking have created a profound effect in the growth of the sector.

However, in this era of real estate development, it still faces some challenges which work as a hurdle in positioning Dubai Real Estate Developer in being the best. The demand is increasing, but supply is increasing at a much greater level, which makes the prices slip. The change in oil and gas prices also affects the sector and pushes economy to slow down. When everyone is keen to own luxury homes & real estate in Dubai, it restricts the prospect of business for the developers in the real estate business.

During the year 1980, the city began to rise and expand; construction of Al Shindagha Tunnel, bridges, and new roads had contributed to the development of the city. The real estate market of Dubai was first affected by the 2008-09 crises, and it was during this time that the sector lost significance. The restructuring in continuous phases, since then, has dragged a lot of banks in serious debts which are a burden on the economy. This also forced Dubai real estate developers and investors to work with extra caution, the rules and regulation having made, much stronger. This not only affects developers, but buyers of luxury homes & real estate Dubai as well.

RERA has been watching and governing the market very closely, price movement is under observation now. But, despite these challenges Dubai real estate market strives towards a record growth. Reforms, if executed properly, will totally transform the face of real estate developers in Dubai.