Al Barari Attracting High Net Worth Investors

Dubai is now a well known playground for the rich and famous. Its great weather, plethora of luxury hotels and some outstanding real estate have firmly put in on the radar of those with cash to spend. With the world’s tallest tower, Palm shaped man made Islands out at sea and hotels in the shapes of sails and waves, Dubai certainly has the wow factor. With some of the best shopping in the world, great restaurants and an active nightlife, Dubai properties have plenty of things to keep its residents more than satisfied.

However it is the freehold property here that seem to be attracting those with the most money, or so it seems at the Al Barari development. The new $6.4 billion luxury development located just off Emirates Road at Nad Al Sheba is said to have more billionaires per square meter than anywhere else around the globe! Quite some boast!

The development is said to have attracted those actually looking for a place to call home, rather than the hoards of speculators trying to make some money that you typically see with other new developments and particularly Dubai apartments. The prices here might just have something to do with that thought.

After all it is quite a large risk to speculate on this property with freehold villas starting at around $10 million, and freehold apartments between $1.4- $4million! The prices might seem a lot, but then this is not your typical development, even for Dubai. For a start it is said to be the lowest density development in Dubai, with somewhere in the region of 80% of the project land not being built upon. The 14.2 million square foot development will be built in two phases, the first containing 300 hundred of these super exclusive villas.

Phase two, which aims to bring the project to total completion in 2011, will also contain a luxury boutique hotel, shopping areas, spa resort plus apartments and a further 32 villas. With 200 villas in phases one already having found owners, despite the high prices property here doesn’t look like it will hang around long! With secluded settings, plenty of parks and open land, the development can offer privacy on top of outstanding villas. So if you have some cash to spend, and are looking at investing in some real estate then Al Barari could be just the place!
 

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