The value of real estate projects in the top 10 most expensive properties in Dubai during 2017.
Dubai Land Department announced in a report published on 12 August 2017 that the number of real estate projects in Dubai launched since the beginning of last year 2016 and up to the first half of 2017
Has recorded 88 real estate projects in various regions of the emirate, and the Department has registered about 68 additional real estate projects worth a total of 21 billion dirhams.
217 nationalities invest in real estate projects in Dubai in 2017
"At the moment, Dubai is seeing increasing interest from international investors, and this reinforces confidence in the real estate sector and its future prospects," said Sultan Butti Bin Mujrin, Director General, Dubai Land Department.
The latest version of the department, which was published on 16 August 2017, confirmed the confidence that the Dubai real estate market has become the property of foreign investors. The department announced that the number of nationalities invested in real estate projects in Dubai has increased from 180 nationalities
In 2016 to 217 nationalities during the current year 2017, which is a definite indication that the climate of real estate investment in Dubai has attracted more investors from different parts of the world, and that the decisions and general directions of the Government of Dubai for the real estate sector
All moving in the right direction supported by the confidence of real estate developers and keeping pace with the laws and legislation of the changes and changes in the local and global market.
The return on investment in real estate in Dubai is the highest in the world, ranging from 5% minimum to 30% maximum. While return on investment in residential properties ranges between 10% and 20%, and return on investment in ready-made properties is between 8% and 10%.
The number of real estate developers working in Dubai is 713 developers, all registered in the database of the Department of Land and Property, while the number of real estate projects in Dubai, which has been completed and delivered since the establishment of the Real Estate Regulatory Authority to 535 projects
Of different categories, sizes and uses.
Top 10 most expensive properties in Dubai in 2017.
1. Villa AED 219 million in Palm Jumeirah
A luxury villa on the Palm Jumeirah island of the completion of Nakheel Properties, which used to develop expensive real estate in Dubai, the price of 219 million dirhams and includes 11 bedrooms and an indoor swimming pool and one outside the unit Infinity,
There is also a 16-person entertainment hall, a luxurious kitchen equipped with state-of-the-art equipment, and serviced rooms. This luxurious villa offers its residents a charming view of Borg El Arab beach with a private entrance to the beach.
2. A villa in the city of Mohammed bin Rashid, costing 197 million dirhams
A 6-bedroom villa in the city of Mohammed Bin Rashid, valued at AED 197 million and AED 500,000, featuring its own garden and covered swimming pool,
3. Villa in the Emirates Hills, costing 129 million and 950 thousand dirhams
The villa is located within the Emirates Hills residential project, with a price of AED 129,950,000. It consists of 8 bedrooms, a private swimming pool, a gymnasium, a jacuzzi, and a laundry room.
4. Villa in the islands of the world, worth 100 million dirhams
A luxury villa worth AED 100 million, made by the Heart of Europe, a component of the world's islands, with a private pool, jacuzzi and charming sea view.
5. Villa for 96 million and 919 thousand dirhams on the island of Palm Jumeirah
Kempinski Hotel Emerald Palace is a luxury villa on the Palm Jumeirah island with a total price of AED 96 million and AED 919 thousand and consists of 4 bedrooms, fully furnished and equipped with state-of-the-art equipment and great sea views.
6. Villa for 93 million and 330 thousand dirhams on the island of Palm Jumeirah
The Penthouses Duplex Apartment has reached AED 93 million and AED 330,000 and has been developed by Omniyat on Palm Jumeirah.
7. Villa on the island of Palm Jumeirah for 91 million and 750 thousand dirhams
A modern villa offered by the Group for AED 91 million and AED 750,000, located on the Palm Jumeirah Island, has 7 bedrooms and features its own beach entrance and stunning views of the sea.
8. Penthouse apartment on the island of Palm Jumeirah for a price of 60 million dirhams
A AED 60 million penthouse on the Palm Jumeirah Island is one of the leading developments in Dubai's property development group. This luxury apartment has 8 bedrooms.
9. Penthouse apartment in Marina for AED 56 million
A 5-bedroom penthouse in the Marina area built by Xtreme Vizen, offering AED 56 million with a range of premium services and amenities that provide comfort, fun and entertainment for residents.
10. Penthouse apartment in Marina for AED 55 million
The 5-bedroom penthouse is offered by Tameer at a price of AED 55 million. It is located in the marina area and offers stunning views of the waterfront and provides the owners with a range of quality services and facilities.