Dubai Real Estate – The Emirate of Gold to offer “Gold Living”

According to a recent estimate, Dubai’s top residential market would have a robust double-digit price rise and take the lead among all markets in 2023. According to Knight Frank’s 2023 Prime Predictions, prices in prime residential areas, which include the neighbourhoods of Al Furjan, Palm Jumeirah, Jumeirah Bay Island and Emirates Hills are expected to rise by 13.5% in 2023. This will be the strongest price growth observed globally, as cities like New York, Paris, and Singapore will only achieve single-digit growth.

Due to Dubai’s image as a safe haven, a highly diversified group of worldwide ultra-high-net-worth individuals looking for luxurious second homes, as well as the government’s globally exemplary reaction to the pandemic, which has boosted corporate confidence, prime values are being fuelled. With prime houses selling for roughly $800 per square foot, Dubai is one of the world’s most ‘affordable and pocket-friendly’ luxury residential marketplaces, which adds to the city’s attraction. The?property agents in Dubai?estimate that?despite?overall house prices are down 21.4% from 2014’s peak levels?but?Dubai real estate touched AED30 billion mark this November.

Dubai real estate – A resilient sector

Since more than a year ago, the expansion in Dubai real estate?luxury sector has not slowed down, and it is anticipated to continue in 2023. This increase is not without justification; Dubai’s handling of the Covid problem showed the globe that it is among the best living locations. Dubai has been a popular destination for the wealthy due to a number of factors, including its extremely low tax rate, long-term visas, minimal bureaucracy, and very secure atmosphere where UHNWI may enjoy their luxurious belongings.

In addition to residential sector in Dubai real estate, the emirate has drawn and supported foreign direct investment (FDI) into the country. Such significant expenditures would eventually seep into the economy and benefit other economic sectors as well. However, careful monitoring of inflationary trends is also necessary to prevent any unfavourable effects. High-Net-Worth individuals and overseas investors have been drawn to Dubai’s main market for a while now. And now, following a strong 2022, it will finally hit its pinnacle in 2023?because?robust demand conduces the launch of luxury projects in Dubai.

The prediction demonstrates its potential and growth and will experience the strongest growth globally in the upcoming year. Dubai real estate?industry, as well as the general economy, will benefit from this tremendous expansion.

Entering The Era of Gold Living!

In addition to drawing wealthy investors from around the world, the present Dubai real estate?boom is also serving as a powerful impetus for cash-rich corporate organisations like the city-based Indian jewellery company Pure Gold to enter the market with ambitious investment plans. Besides?its first AED100 million PG Upper House residential building in Furjan, one of Dubai’s most well-liked residential neighbourhoods, the group’s real estate venture arm, Pure Gold Living, is now finalising three huge projects in the sector.

The business tycoon is all set to introduce the princely sands of Dubai to PG Upper House, a unique and cutting-edge living idea that will provide a residential tower of exquisite one-bedroom and one-bedroom + study apartments that will exceed every amenity of contemporary life.

Pure Gold Real Estate Development?– PG Upper House Al Furjan

The residential tower PG Upper House in Al Furjan is their first noteworthy undertaking. The tower will only have one-bedroom and one-bedroom with a study apartments constructed to the utmost contemporary standards. Upper House is the ideal executive house or luxury start-up for a young couple, family, and first-time buyer, with amenities such as Yoga Shala, infinity pool, kids pool and jacuzzi, BBQ area, golf simulator, and 24-hour security.

These?properties for sale in Dubai?are furnished with cutting-edge appliances and facilities, floor-to-ceiling windows that allow a 70% influx of natural light throughout the unit, and the Open Lounge concept adds to the ambience. With a completely new approach, they aim to revolutionise decent living by making sure that every house turns into a loving home by making sure that every buyer receives what they paid for and what was promised to them on the day or before they anticipate it.

Dubai – A safe haven

Presented to you by Pure Gold, a Dubai real estate?development, its goal is to establish itself as the most reputable private developer committed to providing high-end, boutique, modern housing at affordable prices, enticing both consumers and investors. It is a perfect development that encourages you to develop and flourish in a group of others who share your interests. The PG Upper House at Al Furjan is ideally situated within Dubai’s highly sought-after commuter belt. It provides quick access to the city’s business sectors, stunning beaches, and upscale dining and shopping establishments.

Imagine having all the city’s major attractions close by. PG Upper House gives you the heartfelt delight of owning a chic one-bedroom or one-bedroom with study apartment in a small, elegant, and futuristic residential tower. You can now live in a residence that Pure Gold Real Estate Development has purchased and that is beautifully built to cater to the necessities and conveniences of modern living.

What PG Upper House Has in Stores for Dubai Real Estate?

Dubai Pure Gold Living, a company that promises to operate solely on delivering on or before time, is bringing a completely new approach to the Dubai real estate?and construction sectors. With a completion date of June 30, 2023, their first project, PG Upper House, is currently running ahead of schedule. The company’s work ethic is built on the three pillars of on-time delivery, attention to detail, and dream fulfilment.

Instead of making the usual claims about success being measured in figures and sales graphs, Pure Gold Living offers the same commitment to quality, dependability, and the assurance of a good deal that has contributed to the more than thirty years of success of its parent company, the renowned Pure Gold jewellery retailer. The focus is on style, cost, and a finished result that ensures no change from the original undertaking.

The final product is never altered, and the customer never suffers through any compromises. This is Pure Gold’s legacy and will also apply to this business. Moreover, it will focus on creating top-notch, modern Dubai real estate?projects that are economical and appealing to investors and buyers.

A sneak peek into Dubai real estate?prices

Several?neighbourhoods promise high return on investment in Dubai?and Al Furjan is quickly becoming one of Dubai’s most sought-after neighbourhoods for mid- to upper-midrange residences, with?more launches and hand-overs?are expected over the next three years. Recent launches have experienced instant sell-outs, and properties delivered in the last two to three years have shown strong occupancy rates. As previously observed, mid-market purchasers are showing interest in newer Al Furjan offerings. According to the property brokers in Dubai, prices for one- and two-bedroom options range from AED 700,000 to AED 1.5 million.

While local rates have exceeded AED 1,000 per square foot, the developer has kept the project’s costs at or near the AED 950 per square foot mark. In addition to their promise to produce on schedule, they also intend to stick to their objective of not starting sales by erecting fences around a site. According to approvals from the Dubai Land Department, the corporation must reach the 30–40% barrier on each project it launches before sales begin.

Again at Al Furjan, a new project is in the works with development expenses estimated to be around AED 200 million. The corporation is not only adding land to its bank in Al Furjan; any place that fits the price ranges the company aspires to reach is acceptable.