Why investors choose Dubai

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Russian developer NAI Becar, in cooperation with the Indian construction company Sol Properties Development LLC, plans to launch a project to build a complex of apartments in Dubai. Its area will take 18 thousand square meters. The construction of three towers of the complex will cost US $ 30 million.

The project in the United Arab Emirates was announced by the head of NAI Becar Asset Management Group Alexander Sharapov at the international exhibition MIPIM in Cannes. Two years ago, the developer bought three land plots in the city with an area of 6 thousand square meters. They are located in the area of IMPZ (International Media Production Zone). At this territory the investor will conduct tthe construction.

The contractor for the construction of the complex will be the company Bhatia General Constracting Co LLC. The process of building of the project will run from autumn 2018 to March 2020.

About 80% of all rooms in the towers will be designed in the so-called “American” format. This means the functioning of the complex in the form of colwiging, in which apartments of 20 square meters with a bathroom and a kitchen for two rooms will be accommodated.

The planned profitability of the complex is stated at a level of 30% per annum.

The investor explains his plans for a high level of rental income in the real estate market in Dubai. Also, the developer expects that the successful launch of the project will contribute to the World Expo 2020.

Why investors and buyers choose Dubai
According to experts, the number of transactions with housing in Dubai increased in 2017 mainly due to the success of real estate sales off-plan. Real estate market analysts in Dubai estimated that the total value of transactions with housing construction from the developer (off-plan) in the emirate grew by 118% to 4.04 billion dirhams, that is, up to US $ 1 billion. And there is a great chance that it will continue to grow the next year, experts say.
There are three components for it: high profitability, investment security and stability of the region, as well as its confident future prospects (EXPO 2020, tourism and town planning strategies, etc.).
The total value of all real estate in the world reached an astronomical sum of US $ 217 trillion. And experts from Deloitte and Knight Frank estimated that over the past 15 years, Dubai has reached the development of the real estate sector of a scale that no other city in the world has. Therefore, in the coming years, the role of Dubai as a world center for investment in real estate will only be strengthened.