4 reasons to invest in Doral

Doral has become a very culturally diverse city, where more than 75,800 people live, according to the last census carried out in 2020, compared to the 45,000 reflected in the 2010 census. Undoubtedly, there are several reasons to invest in Doral, since its growth is only advancing.

 

According to Mayor Bermúdez in an interview for the Doral Family Journal, “Strategic location, diverse economy, low taxes, and quality of life are key factors that continue to drive Doral's smart growth and prosperity.”

 

If you are considering your reasons for investing in Doral, you must take different variables into account. The main ones are: location, the growth of the local economy, the diversity of properties, among others.

 

Keep reading and find out.

 

Location

Doral is 15 minutes from Miami International Airport, and 12 miles from Downtown; it is also surrounded by the Dolphin Expressway or the Palmetto Expressway, which makes it a city with a privileged and strategic location.

 

Doral growth

One of the main reasons to invest in Doral is the growth in all areas of this city. From the last census carried out, quite interesting data was obtained that shows that Doral has become a city and is no longer a suburb. It is not just the population growth in recent years, but this other type of data taken from the Doral Family Journal:

 

·         According to figures from the Miami Association of Realtors, in 2021 and “taking as an example homes with prices up to $500 thousand dollars, the total inventory in Doral is 514 properties for sale in the secondary market, compared to 1,369 that were available on this same date in 2020 and with the 1,315 that were being sold in 2019”.

·         Mortgage rates have fallen in the case of buying and selling. According to the Federal Housing Mortgage Loan Corporation, interest rates during 2021 have been between 2.74% and 3.08%, compared to 3.11% in 2020, when they had already begun to decline and with 3.94% in 2019 and 4.54% in 2018.

·         82% of the population under 65 have health insurance, which is directly linked to the average family income, that in Doral is located at $ 77,493 per year.

·         91.4% of the population have a high school degree and 51.9% of the inhabitants have a university diploma or higher.

 

 

Diversity of properties

The diversity of properties is another reason to invest in Doral. There are modern projects and traditional projects, in addition to luxury condominiums. You can live in gated communities or in multi-story buildings, not counting the variety of prices that offer multiple options and are attractive to many types of investors.

 

Check out our website and see the options we have for you.

 

Multicultural city

Doral is a multicultural city. 85% of its residents are Hispanic or Latino, and 88% of the residents speak a language other than English at home. It is a city that has attracted people from other countries and has become their home.

 

If living in a multicultural area appeals to you, Doral is for you. You will surely learn a lot about other cultures, you will see that the gastronomic offer is diverse (and let's be honest, delicious), and it’s full of cultural events that will keep you entertained and in constant motion.

 

These reasons to invest in Doral are additional to the benefits as a city that we have already mentioned on other opportunities: such as parks, sports facilities, impressive gardens, malls, and good schools for your children.

 

Living in Doral is a great experience.