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82 100
m2
total living space
609
units
all over the UAE
3
years
maintenance warranty
64/36
%
post handover payment plan
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Latest projects

POST Hotel & Residences by ELIE SAAB
POST Hotel & Residences by ELIE SAAB
POST Hotel & Residences by ELIE SAAB — the world’s first hotel under the ELIE SAAB brand.The project transforms the historic Hotel 3 Könige Und Post, a landmark dating back to 1788, through a thoughtful restoration led by A++ Group. Guided by a reimagined architectural vision, the project preserves the original 18th-century chalet-style charm while integrating heritage with contemporary aesthetics. The design features light-filled, spacious interiors that reflect the signature style of ELIE SAAB.
Trussardi Residences
Trussardi Residences
This stunning development located in the Al Furjan area of Dubai embodies the contemporary elegance of the Italian fashion brand, and offers unparalleled access to the city’s main motorways and Discovery Gardens metro station
Mira Villas Designed by Bentley Home
Mira Villas Designed by Bentley Home
Nestled in the heart of Dubai, this fully furnished villa community offers breathtaking views of Dubai's skyline and a living environment where luxury knows no bounds.
Waterfront Residences
Waterfront Residences
Waterfront Residences seamlessly blends two major property concepts into one, offering a sophisticated modern environment and the ultimate waterfront experience.
POST Hotel & Residences by ELIE SAABPOST Hotel & Residences by ELIE SAAB — the world’s first hotel under the ELIE SAAB brand.The project transforms the historic Hotel 3 Könige Und Post, a landmark dating back to 1788, through a thoughtful restoration led by A++ Group. Guided by a reimagined architectural vision, the project preserves the original 18th-century chalet-style charm while integrating heritage with contemporary aesthetics. The design features light-filled, spacious interiors that reflect the signature style of ELIE SAAB.
Trussardi ResidencesThis stunning development located in the Al Furjan area of Dubai embodies the contemporary elegance of the Italian fashion brand, and offers unparalleled access to the city’s main motorways and Discovery Gardens metro station
Mira Villas Designed by Bentley HomeNestled in the heart of Dubai, this fully furnished villa community offers breathtaking views of Dubai's skyline and a living environment where luxury knows no bounds.
Waterfront ResidencesWaterfront Residences seamlessly blends two major property concepts into one, offering a sophisticated modern environment and the ultimate waterfront experience.
All projects

About us

  • Vision
  • Mission
  • Goals
  • Lean

By investing in research and development, we constantly innovate to offer our clients state-of-the-art, eco-friendly real estate solutions.

4
projects
Are currently in the pre-launch stage, and another 6 are in the works
531
employees
Work in the company
4
emirates
Our subdivisions operate in different parts of the UAE, including Dubai, Abu Dhabi, Sharjah and Ras Al Khaimah

Mira Developments strives to make a lasting, positive impact on the world around us, ensuring that every project aligns with the needs and aspirations of the people who would eventually call it home. We invite you to join our quest in building a more efficient and more vibrant future.

Our developments can and should transform communities for the better, and we take this opportunity very seriously.

We believe in building a better future through sustainable development and lean operations. Our philosophy revolves around the core values of integrity, innovation, and environmental responsibility, guiding us in every project.

Advantages

The best locations

All our projects offer seamless access to major business hubs, renowned shopping destinations, and iconic cultural attractions to let you enjoy the dynamic UAE lifestyle to the full.

Sustainable living

Our projects incorporate sustainable design principles and eco-friendly practices to minimize environmental impact while enhancing the quality of life for our residents.

World-class amenities

From state-of-the-art gyms and rejuvenating spa facilities to opulent swimming pools and landscaped green spaces, our projects cater to your every need and desire.

Investment opportunities

Booming UAE's real estate market offers attractive returns on investment, a stable rental income and a constantly growing demand driven by expats moving into the country.

The best locations

All our projects offer seamless access to major business hubs, renowned shopping destinations, and iconic cultural attractions to let you enjoy the dynamic UAE lifestyle to the full.

Sustainable living

Our projects incorporate sustainable design principles and eco-friendly practices to minimize environmental impact while enhancing the quality of life for our residents.

World-class amenities

From state-of-the-art gyms and rejuvenating spa facilities to opulent swimming pools and landscaped green spaces, our projects cater to your every need and desire.

Investment opportunities

Booming UAE's real estate market offers attractive returns on investment, a stable rental income and a constantly growing demand driven by expats moving into the country.

History

Real Estate agency launch

Mira makes its first steps as a Dubai-based real estate agency achieving outstanding sales results for a newcomer

Business Enhancing

Property sales are booming. Mira Homes, Mira Business Services and Mira Renovation enter the Mira family to provide services in rentals, legal services and interior designs respectively

Number 1 broker

Mira was named the number 1 broker in sales for Emaar and was introduced to the Nakheel Diamond Club. The company was recognised among the top-5 agencies by Sobha, Damac, Meraas, and Aldar

Developments Launch

Mira Developments is established. The first residential projects in Dubai and Ras Al-Khaimah broke ground.
  • 2020
  • 2021
  • 2022
  • 2023

Official partners

Trussardi

Designed to reflect contemporary Italian craftsmanship, Trussardi Residences will create a premium living experience with a focus on natural materials such as wood and stone. Spanning across 11 floors, this complex is complemented by an additional 3 podium floors planned to accommodate parking, cafes, and retail spaces.

Gianfranco Ferrè

A celebrated Italian fashion brand epitomizing sophistication and architectural design since 1974. Every Gianfranco Ferrè product showcases exquisite craftsmanship as well as a clever mix of tradition and innovation. And now you can make them the essence of your home.

ELIE SAAB

Known for its exceptional savoir-faire and timeless appeal, ELIE SAAB is recognized as one of the most significant couture houses worldwide. With ateliers in Paris, Milan, London, and Lebanon as well as over a hundred boutiques worldwide, the brand continually expands its global presence by offering a diverse range of clothing lines, accessories, eyewear, fragrances, and furniture.

Bentley Home

The Bentley Home collection translates silhouettes and shapes synonymous with the British automotive legend into a language of impeccable Italian furniture. Born from a long-standing collaboration between Bentley’s design team and the Milan-based Luxury Living Group, Bentley Home presents a collection of exquisite pieces, each drawing inspiration from the sleek lines of Bentley’s cars.

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Investing

Why UAE and Mira Developments?

The UAE realty market offers a unique combination of a tax-free environment, relatively low square meter prices and high rental yields. And thanks to a strong expatriate influx driving the demand for quality housing, the average annual property price growth is about 10-12%.

With strong location choices and world-class quality of finishings, Mira Developments brings this investment concept to a whole new level.

High returns on investment

Strong location choices and unique amenities ensure the higher ROI for Mira property compared to surrounding buildings.

Different kinds 
of property

Diverse options and layouts allow every customer to pick a perfect home for their needs.

Post-handover warranties

Mira is proud of its quality standards. We offer 1 year finishing warranties on each property.

On-time handover

We’ve been active in the UAE market for 6 years and know how to stick to deadlines in the Middle East.

Trademark designs

Mira brings a whole new dimension to the beauty of urban architecture by collaborating with iconic fashion brands.

Flexible payment plans

We believe in flexible payment plans allowing the clients to choose their investment strategies accordingly.

World-class amenities

Every Mira project features bespoke facilities for your everyday life, including private swimming pools, unique gyms, rooftop running tracks and beach clubs.

Learn more
Learn more

Company manifesto

  • 2023
  • The new era is now

Traditional elements – modern design

Mira Developments stands at the forefront of a new era in Middle Eastern real estate development, driven by a powerful vision and an unwavering commitment to shaping the future of our communities.

The passion for innovation drives us to challenge conventional thinking and explore new possibilities. Our team of architects work diligently to ensure each Mira project is meticulously designed to harmonise with the surrounding environment, creating a seamless blend of natural splendour and contemporary elegance.

Blog

Mira Developments at MIPIM 2025Mira Developments is excited to take part in MIPIM 2025, one of the world’s leading real estate exhibitions, taking place from March 11 to 14, 2025, at the Palais des Festivals in Cannes.At our stand, we’ll be showcasing Mira Developments’ exclusive projects in the UAE, including Trussardi Residences and Mira Villas designed by Bentley Home, offering fully furnished apartments and villas in Dubai. We’ll also introduce Mira Coral Bay, the world’s first ultra-luxury waterfront community in Ras Al Khaimah, developed in collaboration with more than 10 global brands. Additionally, we’ll present POST Hotel & Residences by ELIE SAAB, exclusive apartments with Alpine views in Swiss Andermatt.As the premier event for real estate and urban development, MIPIM will bring together key industry leaders, including mayors of major European capitals such as Sadiq Khan (London), Roberto Gualtieri (Rome), José Luis Martínez-Almeida (Madrid), and Haris Doukas (Athens).The event will open with a keynote address by Mario Draghi, former President of the European Central Bank and former Prime Minister of Italy.Visit us at: Palais 4, P4. C2 — SCENE AMBASSADEURDates: March 11-14, 2025Time: 9:00 AM – 7:00 PMJoin us at MIPIM 2025 and discover some of the most exciting real estate investment opportunities in the UAE and Switzerland!
Freehold Property in Dubai: The Best Areas for Investment in 2025Dubai is a global real estate hub, attracting investors from around the world with its tax-free income, high rental yields, and wealth of luxurious and affordable properties. In 2002, freehold ownership of property by foreigners was introduced, dramatically changing the rules of the game for property investors. Freehold properties, offering full ownership rights, have become the preferred class of assets for international investors looking for long-term value, security, and high returns. This guide explores the best freehold areas in Dubai, highlights their unique features, and provides practical tips for making a smart investment.What is Freehold Property in Dubai?Freehold property implies full ownership of the property and the land it sits on.  In other words, it means the property is “free from hold” by any entity other than the owner.This concept, introduced in 2002 through Law 7 of 2006, allows foreigners to own property in designated freehold zones in perpetuity. Unlike leasehold properties, which offer rights for a limited period (up to 99 years), freehold ownership grants greater flexibility, including the ability to sell, lease, or pass the property to heirs without restrictions.Freehold vs. Leasehold in DubaiFreehold Properties:  Full ownership with no expiration date. Owners can renovate, lease, or sell without needing the landowner's consent.Leasehold Properties: Temporary ownership (up to 99 years). Land ownership remains with the freeholder, and major modifications require permission.Freehold properties are particularly appealing for investors seeking long-term stability and control over their assets.Top Freehold Areas in Dubai for InvestmentSourceLuxury Freehold AreasPalm JumeirahSourceKnown for its iconic palm-shaped design, a marvel of futuristic design, and advanced engineering, Palm Jumeirah offers waterfront villas, each villa enjoying its beach,  and high-end apartments. This area attracts high-net-worth individuals (HNWIs) seeking exclusivity and premium amenities, making it a luxury lifestyle enclave.The Palm’s properties include apartments, townhouses, hotels, and luxurious villas. Apartments are located on the Trunk, ranging from compact studios to spacious 6-bedroom layouts. Villas, situated along the Fronds, range from 4,000 to 35,000 square feet with 2 to 10 bedrooms.Downtown DubaiSourceHome to the Burj Khalifa, the world’s tallest building, Dubai Mall, the world’s most spacious mall, and a score of other architectural marvels, Downtown Dubai nowadays stands out as the gold standard of luxury and sophistication. Though not so long ago it was an abandoned military base, with the emirate’s oil revenue wisely invested, the area’s properties now are highly sought after by affluent buyers for their steady rental income and strong appreciation potential. Among the most prestigious addresses here are the Burj Khalifa, the Address Boulevard, Armani Residences, Opera Grand, and the Address Sky Views, each sporting a collection of ultra-luxurious penthouses, spacious duplexes, and state-of-the-art apartments. Emirates HillsSourceEmirates Hills, one of Dubai’s most expensive villa communities, is inspired by Beverly Hills, Los Angeles, and neighbors The Meadows, The Springs, and The Lakes. As one of Dubai’s first freehold areas, it offers expatriates the opportunity to own homes in the most prestigious setting. Many villas in the Emirates Hills encircle the world-class 18-hole course at Montgomerie Golf Club. Known for its exclusivity and privacy, it remains one of Dubai's most expensive villa communities.Affordable Freehold AreasJumeirah Village Circle (JVC)SourceJVC is a freehold master development divided into six districts, containing over 350 towers or townhouse rows and 33 landscaped parks. Popular among budget-conscious investors, JVC offers a mix of apartments and townhouses with high rental yields. Its central location and growing infrastructure make it an attractive option for young professionals and families.International CitySourceDiverse and the most affordable of the emirate’s locations, International City provides investors with opportunities to own budget-friendly properties with a strong ROI potential. Its multicultural community and proximity to key business hubs add to its appeal. Its residential clusters, named after Persia, Greece, Spain, Morocco, England, France, Italy, Russia, China, and the Emirates, reflect the area’s rich multicultural character.ArjanSourceA rising star in Dubai’s real estate market, Arjan attracts young professionals and families with its affordable housing options and proximity to parks and schools. The area is clearly set for strong growth. Among its attractions are the Dubai Miracle Garden and Dubai Butterfly Garden. The community comprises state-of-the-art mid-rise apartment buildings mingled organically with surrounding greenery. Mira Developments A fully-furnished luxury villa community, now available off-plan, ready for moving in in Q1 2026. The company offers spacious, fully furnished villas, the Mira Villas designed by Bentley Home. The exclusive community with a man-made lake is located within a 15-minute drive from Burj Khalifa. On the other end of the company’s spectrum are Trussardi Residences, a more affordable yet no less outstanding collection of conceptual apartments designed and elegantly appointed in collaboration with Trussardi, a brand known for timeless Italian elegance. Conveniently located near the Discovery Gardens metro station, the property offers flexibility in terms of getting around the city.Both properties present an excellent investment opportunity, with off-plan purchases offering strong potential for property appreciation, even in the short to medium term.Family-Friendly Freehold AreasArabian RanchesSourceArabian Ranches is an upscale family-centric community featuring spacious villas, green fully-landscaped spaces, top-tier schools, swimming pools, tennis courts, and gulf courses.  As one of Dubai's pet-friendly neighborhoods, it’s an ideal choice for pet owners.The Meadows and The SpringsSourceThe Meadows and The Springs are the neighboring family-friendly communities offering an active outdoor lifestyle. Located near Sheikh Zayed Road (E11), they provide easy access to Dubai Marina, Jumeirah Lake Towers (JLT), and Dubai Internet City. The Meadows features 3 to 6-bedroom villas, while The Springs offers 2 to 5-bedroom townhouses and villas, surrounded by gardens and lakes. Proximity to schools, such as Dubai British School, and the Emirates International School, and family-friendly facilities comes as a bonus.Dubai Hills EstateImage sourceThis master-planned community that balances luxury and convenience, enjoys a prime location between Downtown Dubai and Dubai Marina, and is easily  accessed via Al Khail Road. With schools, healthcare facilities, and recreational spaces, it offers an integrated lifestyle,  sporting facilities like jogging tracks, fountains, infinity pools, shaded reading gardens, and art installations. Among its unique features are the 18-hole championship golf course and 1.45 million square meters of parks and open spaces.Emerging Freehold AreasTilal Al GhafKnown for its sustainable design and modern villas positioned around a man-made lake, Tilal Al Ghaf is gaining traction as an up-and-coming investment hotspot. Early investments here could yield significant returns.Dubai SouthDubai South’s strategic location near Al Maktoum International Airport and the Expo 2020 site makes it a promising area for future growth. Affordable housing and commercial opportunities attract investors looking for long-term gains.SourceBenefits of Owning Freehold Property in DubaiFull Ownership AdvantagesFreehold properties provide full rights to owners, including the freedom to:Make structural changes and renovations.Lease or sell the property at will.Pass the property to heirs.These benefits offer investors long-term security and flexibility.High Return on Investment (ROI)Dubai’s freehold areas consistently deliver strong ROI, averaging 6-9%. For example:Palm Jumeirah: 5-7% ROI.JVC: ~8% ROI.Downtown Dubai: ~6-8% ROI.The combination of tax-free income, a steady and growing demand, and property appreciation ensures attractive returns for property owners.Lifestyle BenefitsFreehold areas in Dubai are famous for their world-class amenities, including:State-of-the-art fitness centers and swimming pools.Proximity to the world’s largest most sumptuous shopping malls and entertainment venues.Access to international schools and world class healthcare facilities.Additionally, as a bonus, properties valued at AED 2 million or more make owners eligible for long-term residency visas, including the coveted Golden Visa.Market Trends and ROI PotentialCurrent Real Estate Trends in DubaiDubai’s real estate market has shown remarkable resilience post-2020. Key trends include:Increased demand for larger homes due to hybrid work models.Growing interest in sustainable and smart properties.Rising rental yields across key freehold areas.Emerging Freehold Investment OpportunitiesAreas like Tilal Al Ghaf and Dubai South are gaining attention for their affordability and growth potential. Early investments in these neighborhoods could offer substantial ROI as infrastructure and amenities develop.How to Invest in Freehold Property in DubaiInvesting in Dubai’s freehold properties requires careful planning. Here’s what we suggest to get started:Define your goalsDecide whether you’re investing for rental income, long-term appreciation, or personal use.Set a budgetConsider all costs, including property price, registration fees, and maintenance.Research locationsChoose an area that aligns with your goals, whether it’s luxury living in Downtown Dubai or affordable housing in JVC.Consult expertsWork with reputable real estate developers like Mira Developments to find the right property and guide you through the buying process.FAQs About Freehold Property in DubaiWhat’s the difference between freehold and leasehold property?Freehold properties offer full ownership rights, while leasehold properties grant usage rights for a limited period (up to 99 years).Can foreigners own freehold property in Dubai?Yes, foreigners can own freehold property in designated areas, including Palm Jumeirah, Downtown Dubai, JVC, and others.What are the best areas to buy freehold property for families?Family-friendly areas include Arabian Ranches, Dubai Hills Estate, and The Meadows, known for their amenities and schools.How much ROI can I expect from freehold property?ROI varies by area but typically ranges from 6% to 10%, with areas like JVC and Downtown Dubai delivering consistent returns.TakeawayInvesting in freehold property in Dubai is a smart choice for those seeking high ROI, long-term stability, and access to a world-class lifestyle. Whether you’re drawn to luxury villas, affordable apartments, or emerging hotspots, Dubai’s real estate market offers opportunities for every investor. Begin your journey with Mira Developments to secure the perfect property tailored to your goals.
Investing In Dubai Real Estate: Benefits and Challenges of UAE Real Estate InvestmentBoth seasoned real estate investors and newcomers must weigh many factors when making investment decisions. While there is no universal yardstick to measure risks and benefits, one region stands out as a sure bet among the many investment options available.The real estate sector in Dubai is set to grow in the foreseeable future driving the influx of capital for years to come. Call it a safe real estate investor haven, investing in Dubai real estate ticks all the boxes as it provides a robust long-term return on investment in a unique regulatory environment that welcomes and protects capital. Image sourceStrategic government reforms and economic diversity further contribute to the emirate’s favorable investment climate. On the back of projected healthy 6,2 percent economic growth in 2025 and beyond, coupled with a limited supply, the attraction of luxurious living and more affordable accommodations in Dubai’s property market is here to stay. However, there are pros and cons associated with investing in Dubai real estate that we will try to highlight here.Benefits of Investing in Dubai Real EstateTax-Free Investment EnvironmentDubai offers a tax haven for individual investors and corporations looking to invest in Dubai real estate. First, the corporate tax is set at 10% for oil companies and 9% for non-oil businesses while companies in free zones enjoy a 0% tax. The 5% VAT is among the world’s lowest. A further boon is the zero capital gains tax on asset sales, whether real estate, crypto assets, or stocks. Among other perks are the free zones that allow 100% foreign ownership while exonerating resident businesses from taxation, tax holidays for new businesses, and beneficial tax regimes for companies in healthcare, education, and tech. The emirate’s tax-free real estate market provides a perfect environment for investors looking to realize long-term gains from the steadily appreciating property. Typically, prices of off-plan properties have historically risen by 10-30% between the purchase and completion. To further prove the point,  a one-bedroom apartment purchased in Downtown Dubai appreciated by 13% in just four years. Commercial real estate prices in prime business locations surged by 18% in 2024 alone. All this places the Dubai property appreciation rates among the world’s highest.High Rental YieldsOn top of steady long-term appreciation, Dubai real estate is blessed with high rental yields that an investor will struggle to find elsewhere. The emirate outshines Paris, and New York, offering a healthy 6-7% average return on villas and a staggering 12% on apartment rentals. London’s 4% pale in comparison. Interestingly, the smaller the property, the higher the yield tends to be.Image sourceStrategic Location and Global ConnectivityHistorically, ancient cities such as Alexandria, Venice, Constantinople (a.k.a. Istanbul), and Carthage, strategically located at the crossroads of world trade routes, thrived by leveraging their location and becoming the hubs of prosperity and innovation. Dubai is the modern-day hub that connects Europe, Asia, and Africa.The emirate’s status as the world’s strategic hub is hard-earned through the prudent allocation of capital Dubai amassed over the years of oil-driven prosperity. Iconic projects from Dubai Creek Harbour and Meydan City to sustainable landmarks like Dubai Sustainable City are turning the emirate into a hotspot for property investors as these developments enhance connectivity and livability while boosting property values.Among key infrastructure projects that have reshaped the city’s transport landscape are the expansion of the Dubai Metro and the development of Dubai-Al Maktoum International Airport. High-yield properties close to these hubs are in high demand.Image sourceAnother driver in Dubai’s property market is sustainability. Projects sporting green spaces and smart technologies draw eco-minded buyers seeking long-term value through investing in Dubai property. Tourism-focused developments, like Dubai Harbour, further propel demand for short-term rental properties, particularly in high-traffic areas like Dubai Marina and Palm Jumeirah.Government Support and Golden VisaThe emirate’s government supports real estate investors, including high-net-worth individuals, by offering the Dubai Golden Visa allowing long-term residency. Eligible investors must purchase property worth at least AED 2 million, whether completed, off-plan or leveraged. There is no minimum down payment requirement, and significant public investments or business partnerships meeting the AED 2 million threshold also qualify. Among key benefits for real estate investors are:Long-term residency (up to 10 years) with renewal optionsAccess to investor-friendly banking solutions, such as depositing AED 2 million for visa eligibilityStability and security for families, with visas extended to dependentsRobust Population Growth and Market DemandOver the last decade, Dubai’s expat population, now standing at 85% of the emirate’s total, has been rising steadily stoking the housing demand. Now home to 3,8 million people, the emirate’s population is projected to expand to 5.8 million by 2040, primarily thanks to expats. SourceThe effect on the housing and commercial real estate market is immense. In the last 16 quarters, for example, home prices have been on the rise, while single-family villas rents skyrocketed by 86% since early 2020.The acceleration of Dubai’s population growth from 2.66% in 2023 to 4.11% in 2024 may point at the beginning of a new growth phase.Diverse Property Options for Every InvestorThe emirate offers diverse property ownership options tailored to the needs of any investor type. Among them are freehold properties in Dubai, a class of real estate that individuals no matter the nationality, can own along with the land plot. These are located in special areas, such as Arabian Ranches, Jumeirah Park, and Emirates Hills Estates for villas. If a foreigner is looking to buy an apartment, the freehold areas would be Dubai Studio City, Arjan, and Discovery Gardens. Areas like Al Furjan, Motor City, and Dubai South offer both. For a detailed list of freehold areas, look here. Image sourceFreehold properties come in various shapes and forms, be it luxury apartments, family homes, waterfront villas, and more. Among the primary advantages of freehold ownership are full control over your investment, with no time limits or third-party approvals, and full freedom to sell, lease, alter, or bequeath.Potential Drawbacks of Dubai Real Estate InvestmentHowever, you can’t have the rainbow without the rain. There are certain challenges in Dubai property investments that investors have to face. Among them are:Market VolatilityThe emirate's property values are sensitive to shifts in currency changes, geopolitical tensions, and energy prices. These factors can affect the ROI in the short run, creating uncertainty for property owners and potential buyers.In the long run, the Dubai government has been working hard to cushion these fluctuations. The long-term visa programs, relaxed property laws, and tax incentives contribute to investor confidence and help keep a steady influx of capital into the market, offsetting potential dips caused by externalities. On top of that, the government’s wise focus on economic diversification—reducing dependency on oil revenues—has created a resilient real estate sector.However, when making an investment decision, investors are advised to do their homework and focus on high-demand locations and up-and-coming property trends like green and smart developments. Diversifying investments across residential, commercial, and sustainable projects can provide a safety net against probable risks.Regulatory and Legal ComplexitiesInvesting in Dubai’s real estate requires a thorough understanding of local laws, compliance requirements, and associated fees. Getting to know property ownership regulations, such as understanding the distinction between freehold versus leasehold rights, is critical. Seeking professional guidance from legal and real estate experts who can provide clarity and give sound real estate financials is highly advisable.High Transaction CostsReal estate transactions in Dubai come with significant costs that can eat into your returns. The 4% DLD registration fee, agency commissions, and ongoing maintenance charges can really add up. Investors should anticipate these expenses and work them into their overall investment strategy.Limited Liquidity of Real EstateUnlike stocks or bonds, real estate is a relatively less marketable asset. Investors seeking quick returns need to keep that in mind. A longer-term investment strategy and a focus on properties in high-demand areas can help mitigate this and ensure steady appreciation over time.Top Communities for Investment in DubaiDowntown Dubai - the emirate’s crown jewel, the epitome of luxurious vertical living, offering both high-end rentals and upscale quarters - penthouses and hotel apartments - for sale.SourceArabian Ranches - contrasting with Downtown, this is a suburban family haven with freehold two- to six-bedroom villas and townhouses, complete with amenities like schools, sport centers, and more.Meydan City - the gold standard of sustainable living, luxury real estate, and access to world-class entertainment and sporting events. Its developments include Mohammed Bin Rashid Al Maktoum City, District Eleven, Meydan Heights, Meydan Racecourse, and Meydan One, featuring the Dubai One Tower and Meydan One Mall. Strategically located and packing exceptional amenities, Meydan offers unmatched investment opportunities.Mira Developments offers a blend of designer elegance created in collaboration with Trussardi and Bentley Home. Trussardi Residences in Al Furjan, easily accessible by metro and nearby motorways, and Mira Villas designed by Bentley Home in Meydan’s District 11 offer fully furnished villas and mansions, bordering on a private lagoon.  Why Dubai’s Real Estate Market is a Solid BetDubai's real estate market has consistently demonstrated strong growth, with property prices showing a significant year-on-year increase of 20.71% in the first quarter of 2024. This trend testifies to the market's resilience and its unmatched capacity to rebound from global economic challenges, including the long-term impacts of COVID-19.The emirate's strategic initiatives, such as the Dubai Economic Agenda D33, further enhance its status as a global investment hub, attracting capital from regions like Russia, China, and India. Dubai's commitment to sustainable development coupled with architectural uniqueness appeals to a broad spectrum of eco-friendly and tech-savvy investors and residents of all demographics.Short-Term vs. Long-Term InvestmentsChoosing the Right Investment StrategyThe difference between a short-term flip and a long-term rental income is the same as between an affair and a marriage. It's all about a short-lived emotion or a  long-term commitment. Each strategy comes with its unique benefits and challenges, and choosing the right one depends on your financial goals and risk tolerance. Whether you’re in for the thrill or the commitment, knowing the pros and cons can help you make a smart investment decision. Short-Term FlipPros: Offers quick profit potential with fast turnover.Cons: High risk involved due to market volatility, which can impact returns.Long-Term Rental IncomePros: Provides steady cash flow and benefits from property appreciation over time.Cons: Requires ongoing management and maintenance efforts, which can add to costs and responsibilities.Tips for First-Time InvestorsHow to Start Investing in Dubai Real EstateTo get started:Get to know the difference between freehold and leasehold properties; freehold areas permit full ownership for expatriates, while leasehold areas offer long-term leases without full ownership rights. Budget for ancillary expenses such as service charges, registration fees, and maintenance costs, which can seriously affect your investment returns.Consider relying on professionals to navigate Dubai's dynamic real estate market effectively. Mira Developments offers personalized guidance to help you make informed and bespoke investment decisions.Why Mira Developments is the Right Choice for InvestorsMira Developments stands out among Dubai's real estate peers by prioritizing customer satisfaction and focusing on delivering the highest ROI for its clients. This is achieved through unique collaborations with prestigious global brands such as Bentley Home and Trussardi.  Exclusive properties like Mira Villas and Trussardi Residences, which blend luxury with innovative design, are the products of these creative alliances.Mira Developments is known for its transparency and client-first ethics. Investors stay well-informed at every stage and get post-handover support, giving them peace of mind. In line with the evolving demands of modern investors and residents, Mira Developments supports sustainability and innovation, integrating eco-friendly practices and cutting-edge technology into their developments.FAQsIs Dubai real estate a bubble?It is not. On the contrary, it is one of the most stable markets as is backed by flexible and prudent government policies that promptly react to adverse externalities.How do I get started as an international investor?By finding the right advisor you can rely on and figuring out your goals, whether you are after a short-term gain or a long-term journey.What is the Golden Visa, and how does it benefit property investors?Golden Visa is Dubai’s government initiative that grants property investors long-term residency, the ability to own property, get extended visas for families, and other perks almost on par with the Emiratis. The size of the investment varies.Are there restrictions on foreign ownership in Dubai?Yes, foreign ownership in Dubai is permitted in designated freehold areas, where expatriates can own property with no strings attached. Outside these areas, properties are typically available under long-term leases of up to 99 years.How does Dubai’s rental market compare globally?Well above average. It is uniquely stable, with dips not too deep and upticks steady and rather high. It is a safe bet. 
POST HOTEL & RESIDENCES BY ELIE SAAB: A NEW CHAPTER IN HOSPITALITYFollowing the unveiling in Milan in December 2024, POST Hotel & Residences by ELIE SAAB was officially launched in Paris at an exclusive gathering at Baronne Restaurant. The prestigious event, attended by Mr. Elie Saab, Elie Saab Jr., and Paolo & Carlo Colombo of A++ Group, welcomed 50 select VIP guests, including esteemed clients of the brand and key figures from Mira Developments, now an integral strategic and commercial partner in the project. This exclusive gala evening celebrated the deepened collaboration between ELIE SAAB, A++ Group, and Mira Developments.ELIE SAAB, the internationally renowned fashion and lifestyle brand, in collaboration with A++ Group, a leading architectural studio and Swiss developer, and Mira Developments, proudly introduced POST Hotel & Residences by ELIE SAAB, Switzerland’s first branded Hotel and Residences.This extraordinary project represents ELIE SAAB’s debut into hospitality, blending the brand’s signature elegance with the timeless allure of Andermatt, one of the most captivating alpine destinations in Switzerland and in the world.POST Hotel & Residences by ELIE SAAB transforms the historic Hotel 3 Könige Und Post, a landmark dating back to 1788, through a thoughtful restoration led by A++ Group. Guided by a reimagined architectural vision, the project preserves the original 18th-century chalet-style charm while integrating heritage with contemporary aesthetics. Executed by A++ Human Sustainable Architecture, the design features light-filled, spacious interiors that reflect the signature style of ELIE SAAB. The project comprises a total of 40 units, including 19 luxurious residences and 21 exquisitely designed hotel rooms.Elie Saab Jr., Group CEO of ELIE SAAB, states:“POST Hotel & Residences by ELIE SAAB marks an exciting next step for our brand as we expand into the world of hospitality. After successfully delivering over 20 branded real estate projects globally and establishing ELIE SAAB as a recognized name in the real estate sector, we are proud to enter this new chapter with A++ Group and Mira Developments, our trusted partners on branded real estate projects.”Paolo Colombo, Founder A++ Group and Managing Director, adds:“Through the restoration of this historic landmark, we are creating a destination that combines the charm of Andermatt’s heritage with the sophistication of modern luxury. With ELIE SAAB’s unmistakable elegance, the strategic and commercial collaboration with Mira Developments, and a dual-purpose design encompassing both residences and hotel accommodations, POST Hotel & Residences by ELIE SAAB offers a unique opportunity for ownership and investment. Owners can enjoy exclusive access to their residence, with the option to generate rental income during unused periods, all while experiencing exceptional amenities and the warmth of an alpine home away from home.”Tamara Getigezheva, Co-founder of Mira Group, underlines:“This project is a unique opportunity for us to embrace the beauty of mountain luxury living. Mira Developments is deeply honoured to contribute to a vision shaped by ELIE SAAB and A++ Group. We take pride in delivering homes that embody true exclusivity, and with meticulously furnished residences set against the enchanting Alpine landscape, this project is as exclusive as it gets.”Every detail within POST Hotel & Residences by ELIE SAAB reflects the signature style of ELIE SAAB. From the elegant common areas to the individually curated residences, each space has been enriched with furnishings and decor from the ELIE SAAB Maison collection. The design concept combines mountain chic with an inviting sense of warmth, offering a sophisticated yet cozy ambiance. Soft natural woods, plush fabrics, and timeless design elements create an atmosphere of understated luxury that complements the surrounding alpine environment.Carlo Colombo, Partner A++ Group and Creative Director, comments:“Designing the interiors for POST Hotel & Residences by ELIE SAAB was about blending the refined elegance of ELIE SAAB with the welcoming warmth of alpine living. Each space has been thoughtfully designed with rich textures, timeless details, and a sense of harmony that invites guests and residents to feel completely at home in the heart of the Swiss Alps.”Residents and guests will enjoy world-class amenities, including a wellness spa, indoor pool, fitness center, and exquisite dining experiences. The property also features a dedicated ski and bike lounge, a kid’s club, and a personal concierge service to handle every detail, including managing personal belongings stored on-site. Tailored services and a variety of seasonal activities ensure that every moment is thoughtfully curated for an unforgettable experience.The first phase of residence sales has officially commenced, offering a unique opportunity to own a piece of this iconic development. Construction is set to begin in March 2025, with project completion anticipated by Summer 2027. Upon completion, the hotel will open its doors, welcoming guests to experience the distinctive luxury and heritage of POST Hotel & Residences by ELIE SAAB.

Contacts

For any enquiries, or just to say hello, get it touch and contact us.

Address
Dubai, Art of Living Mall, 1st floor
Email
info@miradevelopments.ae
Phone
+9714 887 7283
+971 48 877 283
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