Madinat
Jumeirah Living is an upcoming
development that comprises of a wide range of freehold residences. One of the
biggest selling points of these residences is the location. They are placed
just opposite the Burj Al Arab, which is one of the biggest hotels in the
world. On top of that, the development is sandwiched among lush and vibrant
landscapes. Residents will enjoy serene open spaces with active and relaxed
recreational sections.
The developer, Dubai
Holdings, has tried to integrate a carless system in the development. This
pedestrian-centric system is aimed at achieving an environmentally friendly
living experience. Nevertheless, there will be adequate parking spaces for both
residents and visitors.
In the recent past, off
plan properties has been gaining popularity in Dubai with a huge list of
properties initiated almost every month. The units in this new development are
currently being sold off plan at very affordable prices and friendly payment
terms.
i. Location, location, location
Location is one of the
most critical factors to consider when choosing a property to buy or rent. A
property that is placed in an ideal location is likely to attract buyers and
tenants. The Jumeirah location is synonymous with opulence and features iconic
landmarks such as the Burj Al Arab, Jumeirah Beach Residences (JBR), among
others.
ii. Freehold purchase
The freehold feature
means that individuals who are not residents or UAE nationals can acquire the
residential units. Most people prefer to invest in freehold properties as
compared to leasehold where ownership is limited to a number of years. You will
definitely not go wrong by purchasing a freehold property.
iii. Amenities
Nowadays, developers
are trying to incorporate all essential amenities in their developments. This
development will also feature amenities such as retail outlets, 24hrs security,
banks, and more. Unlike other developments in the city, the Madinat Jumeirah
Living also offers concierge services. This is an indication that residents
will enjoy exceptional amenities and services.
iv. Off plan
One of the biggest
benefits buying an off plan property
is the low price range and affordable payment plans. After paying the down
payment, the rest of the balance is spread over a certain period of time. This
is convenient as opposed to paying the full amount at the spot.
v.
High ROI
Since this development
is placed in an ideal location, it is likely to have high demand. So, if you
are planning to buy-and-sell or buy-and-rent, you will definitely benefit from
a good return on your investment.
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