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Dubai, United Arab Emirates: Real estate in Dubai has always been synonymous with a luxurious lifestyle. With the start of Expo 2020, the emirate has become a real estate investment paradise for local and foreign investors.

When it comes to investing in affordable luxury properties in Dubai, Prescott Real Estate Development’s track record of success and longevity in the UAE market speaks for itself. From attracting investment in their already-built projects to off-plan properties, senior real estate developers have built unparalleled goodwill with buyers by putting quality and attention to detail at the forefront of every project they do. ‘it develops, while simultaneously prioritizing the peace of each buyer. of mind at every phase of negotiation, buying and surrendering.

In addition, several proactive government initiatives, such as the introduction of new visas, including notable investor visas, retirement visas, long-term golden visas, in addition to the initiative of the Central Bank of the United Arab Emirates aiming to reduce the loan to value ratio (LTV) for first time home buyers to 20%, have contributed to the increase in real estate investment in Dubai. The Dubai Expo has also massively boosted the economy by providing an increase in tourism to the country, resulting in transactions worth AED13.06 billion in the month of October alone, according to the Department of Dubai lands.

Muhammad Shafi, Managing Director of Prescott Real Estate Development, said: “Our goal has always been to create unparalleled life experiences for our customers. With Expo 2020 in full swing and the number of visitors to the region increasing, we are positive about the surge in interest in real estate investments. We are committed to making affordable luxury living possible for everyone. We look forward to welcoming local and international buyers as they will find a place to call home. ”

The Emirate of Dubai is an attractive destination for people looking to spend their hard earned money in the property market, with a growing economy, stable political infrastructure and excellent returns on property investment. Real estate investment in off-plan sales, in particular, is very popular with buyers in the region. There are many advantages to investing in an off-plan property in Dubai; First of all, one of the advantages of buying off-plan property for sale is that these unbuilt properties are available at very low costs. Second, regardless of the purchase price “locked in” before construction, the value of a property is sure to rise once it is completed, resulting in significant capital gains on the sale, even if the investment is amortized in phases according to the developer’s objectives. payment plan. Third, in addition to the multiple off-plan property options available in Dubai, the emirate offers buyer protection laws to ensure the safety of its foreign investors. Finally, with the constant influx of expatriates into the country, Dubai’s rental business is never underperforming.

Prescott Real Estate Developers‘ upcoming project in the vibrant community of Al Furjan Prime Residency-3 boasts modern luxury finishes spread across 292 apartments in a R + 2P + 7 layout. Prime Residency-3 will be Al Furjan’s first smart home property with the best amenities including swimming pool, game room, gym, multi-purpose lounges, covered parking, landscaped area, up to standard interiors the highest, and more. Interested buyers and investors can take advantage of a carefully designed five-year payment plan to provide ease of payment and peace of mind. The payment breakdown includes 10% down payment, 10% after 3 months, increasing to quarterly payments of 5% for one year, 10% on delivery and 50% after delivery over 3 years.

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As a well-known real estate brand, Prescott has been in the industry for over two decades. They have, during the pandemic, achieved the unimaginable by working tirelessly to keep their promises and make timely transfers, adding to their proven track record of having already successfully delivered a multitude of well-known residential and commercial developments across the city, including Prime Villas, Prime Views, Prime Residency1 and 2 and Prime Business Center.

Learn more about www.prescottuae.ae

© Press release 2021

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