Property for sale in Dubai Hills
The neighbourhood is part of Mohammed Bin Rashid City, which is being built by such famous construction companies in Dubai as Meraas Holding and Emaar. There are various properties for sale in Dubai Hills, UAE, numerous squares, green gardens, golf courses, and walking and bike paths.
According to the project, 4,600 detached houses and 22,000 apartments will be built on an area of 11 m². Office buildings will occupy 197 m².
Anyone who wants to buy a luxury property in Dubai can pay attention to the following gated communities in this neighbourhood:
- The complex of Maple villas and townhouses.
- The Sidra Villas residential complex, which sells exquisite, but affordable detached houses.
- Premium villas in Hills Grove, Fairway Vistas, Golf Grove Villas, and Lamborghini.
- The gated community of Park Field, where you can purchase a prestigious townhouse and apartments.
- Premium overseas properties in the GREEN SQUARE, Acacia, and Collective residential complexes and other communities.
There are many residential complexes in the microdistrict. The buyer has the opportunity to choose various types of apartments, with a different number of rooms.
There is an opportunity to buy real estate in Dubai Hills for investment and permanent residence or to come to the emirate on holiday. Foreigners have the right to buy Dubai Hills properties in 2023 in instalments from a construction company or on a mortgage from banks.
Citizens of other countries are also allowed to purchase real estate in Dubai Hills. Moreover, they can resell villas or apartments in Dubai in this neighbourhood by contacting a real estate agency.
Lifestyle in Dubai Hills
The atmosphere in the community is calm and friendly. Families with children and the elderly prefer this area for this reason. A lot of squares, parks, and open green spaces make it possible to have picnics and barbecues in the fresh air.
Fans of an active lifestyle will also like living in this community, as there are many fitness studios, gyms, and running paths on the streets in the quarter, and there is a golf course in the central part of the area.
Additionally, the district has a 7-kilometre-long boulevard, which is home to many boutiques, supermarkets, fine restaurants and cosy cafes. That is why residents and guests of the quarter can go shopping and have a snack in a public place in their free time.
Property prices in Dubai Hills
The property cost in Dubai Hills depends on numerous reasons, for example, on how far the complex is from the seashore, the floor on which the residential unit is located, the construction stage of the community, on how developed the infrastructure of the gated community is, and so on. The price of real estate for sale in Dubai Hills is also affected by the size and number of rooms in the flat.
A studio in the district is available for sale for at least AED 744,000 ($202,500). The initial cost of an apartment with a living room and 1 bedroom is AED 703,500 ($191,500). The lowest price of a residence with a living room and 2 bedrooms is AED 665,000 ($181,000). You can become the owner of a villa for at least AED 3 million (about $817,000).
The average cost of a studio is over AED 1 million ($272,000). The price of a flat with a living room and a bedroom in an apartment building is AED 7.22 million (about $2 million). A two-bedroom flat is sold for an average of AED 31 million (a bit more than $8.4 million). The average cost of a villa is about AED 20 million (about $5.5 million).
Real estate investment in Dubai Hills
The ROI in rental residences in MBR City, where the neighbourhood is located, is 8% per annum. To rent out your apartment in the community and save your money, you can start cooperating with a real estate agency. The broker will help you find tenants and negotiate terms with them. A lawyer will draw up a lease agreement. Other employees of the company will prepare the residence for moving and clean your residence after the guests are evicted.
Foreigners have the right to purchase a property for investment and permanent residence in 2023. Off-plan housing units are rapidly increasing in value as construction work progresses. That is why, if you buy housing before putting a closed community into operation, you can earn up to 20% of the cost of a villa or apartment.
Moreover, you will have the opportunity to apply for a two- or ten-year resident visa, depending on the cost of the residential unit. When buying overseas properties for AED 750,000 (a bit more than $204,000) or more, an investor has the right to apply for a three-year visa, and he can get a ten-year visa when purchasing an apartment or villa from AED 2 million ($544,500).
Buy a property in Dubai Hills on Emirates.Estate
You can become the owner of a house and apartment in Dubai with the help of specialists from developers and agencies that you can find on Emirates.Estate. The website offers you various housing search options with filters. This convenient search will help you pick up a property based on the following parameters: city, type of property, number of rooms, including the number of bedrooms and bathrooms, building status (secondary or new), area, purchase by instalments or not, number of floors in the house, land area when choosing a villa, date of commissioning, distance to the seashore and the nearest airport, fully, partially furnished or unfurnished and with/without household appliances, and so on. Additionally, you can see the prices in dollars and euros on the website.
There are two nice things for investors and businessmen in the United Arab Emirates: if necessary, they can consider buying a property in Dubai Hills with a mortgage or in instalments. Foreigners can also purchase any real estate or a house in the community remotely while in another country.
A realtor will help you choose a flat or villa in Dubai. He will set up a video link to talk to the seller. Specialists will also prepare all the necessary documents to secure the transaction legally.