After all these years, Dubai is still one of the best places to invest in property. It’s known for being innovative, luxurious, and safe. The city is also in a great spot for business and long-term investment. Purchasing an apartment in Edgewater Residences means you’re putting your money in a reliable and growing business area in Dubai. It’s a smart move that helps your money grow safely and with less risk.
Investing in Dubai real estate: benefits you’ll enjoy
It is for several compelling reasons that Dubai’s real estate has proven to be a solid and profitable investment:
- Record High Sector Growth: Morgan’s International Realty reports a significant 26% increase in sales YoY as of early 2024. The first quarter saw transactions soar past 30,000, with sales of properties still under construction jumping by 73% from the previous quarter to account for 63% of all deals.
- Attractive Return on Investment: The year 2024 witnessed a 7% rise in rental prices throughout Dubai.
- Stable Currency: The UAE dirham’s fixed rate to the US dollar ensures a predictable and stable currency. This means your assets will grow in price both in the UAE and internationally.
- Tax Benefits: Investors in Dubai’s real estate pay no income, property, or capital gains taxes.
- Golden Visa Advantages: Investing in property valued at a minimum of AED 2 million (USD 544,512) at any construction stage qualifies you for the UAE’s Golden Visa, which comes with perks like healthcare and education access, and makes it easier to obtain Schengen visas and other countries’ citizenships in the future.
Edgewater Residences project
MGS-Development, a name synonymous with promising projects, unveils its latest gem: the Edgewater Residences waterfront community. This elite residential complex conveniently sits amidst lush parklands at the forefront of the Dubai Islands, surrounded by the Persian Gulf. The project’s completion is on the horizon, with expectations set for the second quarter of 2026.
Why choose this location?
The Dubai Islands are amazing man-made islands along Dubai’s shore. They boast beautiful, clean beaches, and the Persian Gulf’s turquoise waters are breathtaking. The location is perfect for people who love the beach but also want the excitement of a city.
Known for its peaceful environment and variety of social amenities, each island is thoughtfully designed as a tranquil haven away from the hustle and bustle yet remains only a 20-minute drive from the airport and a stone’s throw from the bustling city center.
Project features
The new development embodies modern luxury and style. It comprises several 15-story towers, just 200 meters from the sandy shores and the luxurious Dubai Islands Marina.
The facade’s minimalist charm is accentuated by white cladding, complemented by a spectrum of aluminum panels in shades from champagne to light gray. The broad glass facades orchestrate a captivating dance of light and shadows, giving the buildings an air of sophistication and grace. The design concept includes spacious entrance halls, a three-level parking garage, and rooftop pools, that will no doubt enhance your living experience.
These Dubai apartments span 46 to 200 square meters and feature one to three-bedroom premium units with open balconies or terraces, tailored for discerning buyers. While the units come unfurnished, they include kitchens with modern amenities.
Each apartment is thoughtfully designed with ergonomics and functionality in mind. The lofty ceilings that are up to 3.2 meters high create an expansive atmosphere. The promise of 360-degree panoramic views offers residents a constant visual feast of the city and the Gulf, ensuring a picturesque backdrop day and night.
Infrastructure
This premier residential complex captivates with its breathtaking design, unmatched location, and exceptional amenities. For residents, it offers to savor the expansive views of the city’s skyline, enjoy casual strolls on the promenade, or find tranquility at the spa center.
Here’s what the available facilities include:
- swimming pools
- fitness centers
- children’s playgrounds and sports grounds
- parking spaces.
For yacht owners, the marina and yacht club are conveniently situated just 200 meters away, with easy access to maritime pleasures. Shopaholics and foodies will be thrilled with the proximity to a variety of shops, gourmet restaurants, and entertainment hotspots near the Burj Khalifa, Burj Al Arab, and Mall of the Emirates.
Prices and tariffs
Starting at USD 299,500, the apartments come with a favorable installment plan tailored for the construction phase. The payment schedule is designed with an upfront 10% down payment of the apartment’s price. It is followed by a 50% payment throughout the construction period. The final 40% is to be settled when you pick up the keys.
Market specialists forecast at least 40% appreciation in property value by the project’s commissioning date.
Summary
Despite the ebb and flow of the global economy, Dubai’s property sector remains a steadfast choice to invest in high-quality properties. What is more, it still has a welcoming entry threshold.
If you dream about owning a beachfront apartment, be it for personal use or as an investment, the Q Wealth team is here to make that dream a reality. Choosing to invest in the Edgewater Residences project means you will enjoy a low-risk, high-reward opportunity that secures your future. It’s not merely a residence but a lifestyle that epitomizes luxury and comfort.
Should you need it, Q Wealth experts are here to help you get your residency and sort out any moving issues. Get in touch with us to enjoy innovation, luxury, and endless opportunities!
