Dubai is a city that flaunts bright promises of a bright future. It is attractive to tourists, businessmen and celebrities because of its high-rise buildings, sandy beaches and legendary shopping. Real estate in Dubai is considered one of the most desirable in the world, so it is not surprising that many celebrities have decided to buy their own personal piece of this paradise on Earth. If you dream about joining the world of talented people, buy one of 1100+ properties for sale in Dubai and enjoy your new life.
So, let`s have a look at the list of famous people who have already invested in real estate in Dubai.
David and Victoria Beckham
The couple David and Victoria Beckham took a cosy corner of paradise on the man-made islands of Palma Jumeirah back in 2008. Here they built a magnificent beach house, but did not dare to settle permanently. They made a profitable investment in the rapidly developing city. Having bought the land for development for $ 1.6 million, they sold the finished house for $ 5 million, making good money on this venture.
James Ross
The second celebrity to buy property in Dubai is music producer and owner of the Def Jam label, James Ross. He bought a villa in the legendary Palm Jumeirah district. This is a residential neighbourhood consisting of huge palm-shaped islands that include luxury apartments, villas and hotels. The villa Ross purchased has 1,000 square metres, which includes a powerful movie theatre, swimming pool and gym.
Hannah Hanron
Advertisement
The third celebrity to decide to buy property in Dubai is millionaire Hannah Hanron. She became the owner of a luxury villa in the Times Square district. This is a residential neighbourhood located on the Motocross Dubai theme park. Her villa includes spacious bedrooms with beautiful views of the pool and fountains, as well as incredible recreational facilities that include billiards, darts and table tennis.
Lindsay Lohan
Hollywood actress Lindsay Lohan has also joined Dubai`s lifestyle. She owns a piece of The World Islands where currently lives. Besides, the actress is planning to design her own man-made island in Dubai named after her. The negotiations with the government of Dubai continue, so we may be witnessing the construction of a new island in the near future.
Hilary Swank
Hilary Swank, an American actress and producer, owns real estate on the man-made Peace Archipelago, consisting of more than 300 small islands built off the coastline of Dubai. Here she has built the perfect celebrity hideaway, occupying a notion of France and Spain.
Why do celebrities choose Dubai?
In the last few years, there has been a trend among foreign stars to buy up real estate in prestigious areas of Dubai. The city has always been the centre of attraction for the multinational community, and the celebrities from all over the world often went here on vacation. Now some of them have decided to get their own apartments here due to certain reasons:
- Tax exemptions. Dubai is a tax district with no income tax, no sales tax, and no property tax. This makes celebrity life more economically advantageous.
- Luxury properties. Dubai offers a wide range of luxury properties to suit all tastes and budgets.
- Cultural diversity. Dubai is a multicultural city where people from different countries live. Celebrities can enjoy diverse cultures and social life.
- Safety. Dubai is one of the safest cities in the world. Celebrities can feel safe and secure.
- Climatic conditions. Dubai has a warm climate year-round, making it an attractive place for celebrities from all over the world to vacation and live.
Prohibition of taking photos is the biggest benefit for famous people. In Dubai, they can walk along the streets, lay on the beach and attend various public places without fear of being noticed on the Internet. The work of paparazzi is a penal action, so no one dares to disobey the law.
Where to find property?
Under the UAE law, the processes of real estate buying and selling are carried out with the participation of intermediaries. It is advisable to address the licensed real estate agency in Dubai. Ax Capital in Dubai is a real estate agency with a versatile portfolio of housing units. Buyers will be able to select a suitable one for investment and permanent stay. The professional realtor will select the projects that best suit the client, arrange a show, a meeting, represent the interests of the buyer, and will help negotiate the terms.
The bottom line
Considering the cases of celebrities, it is obvious that Dubai offers not only excellent commercial prospects, but a private comfortable lifestyle. The laws of the UAE make the lives of the residents and locals convenient and peaceful while the real estate market offers multiple units for investment.