Dubai’s property market is on a record-breaking tear. The first quarter of 2024 witnessed a phenomenal 35% surge in transaction volumes, reaching a staggering 35,100 units sold – the highest ever.
The market shows robust growth, driven by a strong demand for both ready and off-plan properties. Notably, 63% of the transactions involve properties currently under construction.
This situation creates a golden opportunity for those looking to invest in or purchase property in Dubai’s bustling real estate market. Among the options, the Franck Muller Aeternitas Tower is a standout choice.
Let’s examine why investors and homebuyers should keep Dubai’s property market and the Aeternitas Tower on their radar.
A Record Number of Off-Plan Sales
The Dubai market is particularly hot for off-plan properties, with sales skyrocketing by 73% compared to the previous quarter and a staggering 39% year-on-year. This surge in interest for under-construction units can be attributed to several factors.
Firstly, properties built by reputable companies like London Gate, the company behind Franck Muller Aeternitas Tower, are in high demand. Additionally, easy payment plans and attractive prices appeal to buyers.
Finally, the rapid sales pace of these off-plan projects fosters confidence in investors and homebuyers alike.
Investing in Dubai’s Future
Dubai’s real estate market is booming, driven by several key factors. The city’s population continues to grow, attracting businesses and talent from around the globe. Dubai’s economic resilience and thriving tourism and hospitality sectors create a dynamic and secure environment for investors.
A popular investment strategy has been buying residential units for rental income. The UAE’s low tax rates, competitive property prices, strong tenant demand, high-quality infrastructure, and desirable lifestyle make it an appealing place to invest.
The strong demand has led to a significant increase in rental rates for apartments and villas over the past year. In the sought-after Dubai Marina area alone, asking rents for apartments surged by 39%.
Tenants now pay an average annual rent of AED91,000 ($24,775) for a one-bedroom, AED140,000 for a two-bedroom, and AED207,000 for a three-bedroom unit. On the other hand, the average rent for a unit in the UK is $18,792 (AED69,023) (£14,676).
This makes Franck Muller Aeternitas Tower in Dubai Marina one of the most desirable off-plan investments for buyers and investors. So, take advantage of this prime opportunity to elevate your investment portfolio.
Dubai’s New Soaring Gem
The Franck Muller Aeternitas Tower, situated in the prestigious Dubai Marina district, is more than just a place to live; it’s an experience. This 106-story masterpiece, designed to be the world’s tallest branded residential clock tower, will redefine Dubai’s skyline with its unique, angular architecture and a captivating clock face featuring the iconic Franck Muller numerals.
A New Definition of Luxury Living
Residents of the Aeternitas Tower can expect unparalleled luxury living. Inspired by the exclusive timepieces of Franck Muller, the interiors will boast a seamless blend of brushed metals, polished surfaces, and vibrant colors. The lobby and reception areas will pay homage to the brand’s signature Curvex watch, featuring graceful curves and elegant furnishings.
Unmatched Amenities
The Franck Muller Aeternitas Tower offers a world-class selection of amenities to indulge in. There is a fully equipped gym, a luxurious spa, a private cinema, a curated cigar lounge, and a serene Zen garden, all designed to cater to their every desire.
Best Location in Dubai
The iconic development boasts a coveted location in Dubai Marina. Residents will enjoy breathtaking panoramic views of Palm Jumeirah and Jumeirah Beach. It places them at the heart of Dubai’s vibrant social scene with easy access to top-class restaurants, shops, and entertainment options.
Invest in Your Future
With Dubai’s property market experiencing unprecedented growth and the Aeternitas Tower poised to become an iconic landmark, investing in an off-plan apartment presents a compelling opportunity. By getting in early, you can secure your place in this architectural marvel at a pre-construction price, allowing you to capitalize on potential value appreciation upon completion.
Take advantage of this chance to be a part of Dubai’s thriving future. Contact the exclusive sales partner, One Broker Group, today to learn about floor plans, unit sizes, types, prices, and more. Remember, you can secure your piece of luxury with just a 10% down payment in the heart of this dynamic city.
