Dubai is without a doubt the jewel in the Arab World’s Crown. Now well established as a global business hub, the city commands fabulous views over the Persian Gulf, and offers a wide range of built communities that cater to the tastes of discerning families, business people and travellers alike.
Let’s take a look at the most sought after residential communities in Dubai, along with a few points to be aware of if you’re considering purchasing a property in the city.
The Famous Palm Jumeirah
This is the iconic, palm tree shaped, artificial archipelago which boasts the status of the world’s largest man-made island. Since the first properties were completed in 2006, the rich and famous have flocked to the island, buying exclusive villas and apartments on the ocean fronted, palm tree fronds.
As its name suggests, this development in the heart of Dubai, is a verdant oasis. Luxury villas nestle in landscaped grounds just a stone’s throw from the elegant marina. The Meadows is popular with wealthy professionals, and boasts homes in secure gated communities, with amenities including swimming pools, water features, parks and golf club membership.
The Lakes development is the perfect spot for young families. Set between two world class golf courses, The Lakes offers villas and townhouses in a private, gated community. Set around beautiful lakes the development offers parks, water features, tennis courts, shops, day care facilities and more.
This is the Beverly Hills of Dubai. Ultra-expensive and ultra-exclusive, this select, gated development is the place to find palatial mansions that enjoy views over the Dubai Marina and neighbouring Montgomerie golf course. Homes here feature exquisite landscaping, dazzling pools, impressive entertainment areas, and facilities like home office suites, home gyms, staff quarters and luxury parking garages.
The Jumeirah Lakes Towers
The stunning high rise towers at The Jumeirah Lakes development are home to luxurious 5 star hotels and high quality apartments. This area is popular with business people and offers fine dining, health clubs, shopping, spas and fantastic transport links. Built around tranquil lakes and overlooking the Dubai Marina, the towers give residents a feeling of being out in the open even though they’re in the heart of a vibrant city.
Buying Property in Dubai
Dubai is a beautiful city to live, work and play in and you can start your search from the comfort of your own home by checking out the comprehensive property listings at propertytrader.ae
For non GCC nationals there are a few things to bear in mind when buying property in Dubai. Freehold titles can only be registered in certain areas, which include all of the developments mentioned above.
Purchasing freehold titles in these areas is straightforward, and there are no restrictions on selling the property when you decide the time is right to do so. However, you should be aware that inheritance is a grey area, and your estate could be subject to the ruling of Dubai courts.
Another possible glitch concerns joint ownership. If you buy as a married couple, then your share of the property won’t automatically revert to your spouse should you pass on. Your share will pass to your heirs, so make sure that you have instructions set up detailing your wishes, prior to purchasing your property.
Owning a property in Dubai is a shrewd investment move, and if you plan to purchase a villa in a development like The Lakes or The Meadows, you’ll be able to enjoy all of the benefits of a thrilling, cosmopolitan city while living in a tranquil oasis.
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