It is not a secret that people from across the world want to own property in the UAE. And, it is also not a secret why people want to do so.

Owning a property in the UAE means getting the opportunity to stay in a country with an enjoyable, luxurious, and prosperous lifestyle. In addition, the country’s flourishing economy has thrown open various career and business opportunities.

From what could be seen during the last few years is that real estate opportunities have been increasing in Dubai with every passing year.
You will see new and exciting projects being launched every year. In this context, a pertinent question arises–what are the hottest property launches. And that is what we are going to discuss in this article precisely.

Here are your options:

Canal Front Residences

It is one of the recent projects launched by Meydan and is located on the water’s edge in Al Safa. The project includes excellent 2 to 3-bedroom garden suites with scenic views. And there is also a waterfront neighbourhood with a boardwalk and cycling track, lush landscapes and playgrounds.

The associated properties are family-friendly, with excellent interior designs and a selection of restaurants and shopping destinations.
In addition, there is a swimming pool, state-of-the-art gymnasium and landscaped gardens in the community.

There are many apartments for sale in Canal Front Residence. Currently, the sales prices for 1-bed apartments are around AED 1.7M. And, the prices for 2-bed and 3-bed flats are around AED 2.1M and AED 4.6M, respectively.

AVA by Omniyat

Ava is an excellent project by Omniyat at Palm Jumeirah. Properties of the development give you the privilege of quickly accessing many locations within Dubai. In addition, you can step on your private terrace to enjoy spectacular views, or you can walk along the waterfront.

You can get a luxurious lifestyle from the spacious apartments and penthouses in the community. But, remarkably, there is only one unit on each building floor.

If you want to buy an apartment in AVA by Omniyat, there can be an option to invest in 3 and 4-bedroom apartments.

While purchasing a 3-bed apartment can cost you around AED 45M, a 4-bed apartment can cost between AED 140M to AED 150M.

You can also have the option of purchasing a penthouse which comes with five bedrooms and six bathrooms. And that can cost around AED 250M.

With the properties, you will get appliance-equipped kitchens and a swimming pool.

Nad Al Sheba Gardens

It is a new project executed by Meraas. And the excellent constituent properties make the property a thing to watch out for.

The project has different properties–apartments, villas, and townhouses–giving you the option to choose from depending on your budget.

In addition, the community has many open recreation spaces and neighbourhood parks.

The development, located next to Mohammed Bin Rashid City, has excellent villas. In addition, there are best-in-class townhouses for sale in Nad Al Sheba Gardens.

According to the current trends, a 3-bed villa can cost between AED 3.2M and AED 4M. And the sales prices of 4 and 5-bedroom villas are around AED 8.6M and AED 13.2M, respectively.

You will also get many townhouses for sale in Nad Al Sheba Gardens. Currently, the sales price for a 3-bed townhouse is around AED 3.2M, and the price for a 4-bed unit is around AED 4.5M.

You can also buy a residential plot in Nad Al Sheba Gardens. The cost will be AED 2.5M to AED 23.5M.

If you want to rent a property, there can be options for you. Currently, the rent for villas in Nad Al Sheba Gardens is around AED 175k (for 4-bedroom units).

Myrtle

The project has the latest properties launched in Dubai. And, you will find the new properties launched in Dubai perfect in every aspect.
You will get spacious apartments providing spectacular views of the Dubai cityscape and the community’s parks.

You can also regard it as a green community as it has a perfect blend of nature with modern architecture.

According to the current trends, the sales prices of 1 and 2-bed apartments in the community are around AED 1.2M and AED 2.1M, respectively.

Owning a property in the community means getting the opportunity to experience the benefits of a lush green community and amenities like a dog park, kids play area, running tracks, spa and sauna, tennis and squash courts, skate-able landscape and outdoor gym.

Other Things to Know

• The real estate market in Dubai is well developed and maintains consistent supply with demand. There are many reputed real estate agencies in Dubai, and some of them–Meeras, Omniyat and Nakheel have recently launched many real estate projects in Dubai.
• If you prefer renting a property, ensure that you get acquainted with the Dubai Tenancy Law.
• Tenants should also make themselves aware of the Dubai Rental Price Index, which allows tenants to calculate the increase in rent and average rent in the real estate market.

Conclusion

You can reap substantial benefits by investing in a property in Dubai. And, with the recent hot property launches in the city, you will find ample properties to purchase.