Where To Buy Property In Dubai: 5 Best Areas
The Dubai real estate market has been showing a steady increase in prices, supply, and demand for several years. A high level of security, excellent living conditions, well-developed infrastructure, and soft tax laws attract qualified specialists, businessmen, investors, and tourists, which stimulates demand for real estate. Buying a flat in Dubai is an excellent investment with minimal risk. ULO Real Estate will help you buy property in all areas of Dubai, as well as Abu Dhabi and Sharjah, even at the time of construction. We cooperate only with reliable developers. Also, our specialists will help you rent real estate for the required period. But first, we suggest that you check the list of the most popular areas so that it is even easier for you to buy Dubai property.
Dubai Marina is one of the leaders in the emirate in terms of luxury apartment sales. It is a small coastal area with a length of 3.5 km and a total area of over 4.8 sq. km. The development of the Marina began in 2003. Now it has over 200 luxury residential towers, hotels, office space, a wide range of restaurants, shops, beach clubs, and entertainment venues. There are such large shopping centers as Dubai Marina and Dubai Marina Walk.
The district has sufficient transport infrastructure for its size. There is a tram line, bus stops, and two metro stations (Dubai Marina and Jumeirah Lake Towers). The area is built over an artificial harbor with moorings for yachts. Most of the buildings in Dubai Marina offer scenic waterfront views. Well-maintained and clean public and private beaches are always available to residents and tourists.
Mostly, luxury apartments in skyscrapers (studios, apartments with 1-4 bedrooms, and penthouses) are for sale here. But there is also a limited collection of villas. If you are thinking about buying an apartment in Dubai, note that the 1-bedroom flat price in Marina starts from AED 935,000.
Business Bay is the commercial center of the emirate. This is a well-developed district with a total area of more than 7.4 sq. km. There is residential and commercial real estate for buy and rent and five-star hotels around which water channels lie and green parks are laid out. Dozens of cafes, restaurants, and entertainment venues are located on the Dubai Water Canal, including the famous La Perle water theater, as well as the world's tallest hotel, JW Marriott Marquis.
Residential property in the area mainly includes apartments, but there are also complexes of luxury villas. The most popular projects at the moment are the residential skyscraper Merano Tower and the elite complex Reva Residences from the developer DAMAC. The skyscraper Opus from Omniyat with a unique futuristic design is also worth your attention if you want to buy apartment in Dubai. Studios prices start at AED 870,000 and apartments – from AED 1,333,000.
This is one of the most prestigious areas of the emirate, which is at the same time the geographical, business, and tourist center of the emirate. Here are the main attractions of the city such as the world's tallest tower Burj Khalifa, dancing fountains, the Dubai Opera Theater, and the world's largest shopping and entertainment complex Dubai Mall.
Downtown is home to global corporate offices, upscale hotels, popular shopping malls, numerous restaurants, entertainment venues, and luxury real estate. A developed social infrastructure has been created for the comfort of residents and tourists. Here you will find many clinics, kindergartens, schools, and supermarkets. Thanks to convenient transport interchanges, from Downtown it is easy to get to any part of the emirate. The way to the airport takes only 15-18 minutes.
Among residential real estate, you can consider any apartment for sale in Dubai Downtown. There are also penthouses and several options for villas. The area continues to be actively built up. Among the most popular off-plan projects are the IL Primo and Emaar Grande skyscrapers from the Emaar developer. The minimum cost of studios starts from AED 1,250,000 and villas – from 2,950,000.
Dubai Hills Estate
Dubai Hills Estate is a new residential part of the emirate where Emaar and Meraas Holding are the key developers. The area of the project is 11 sq. km. Dubai Hills Estate will be a separate green town within the metropolis. This is a multi-purpose complex that includes luxury villas, townhouses, and apartments, a park, basketball and volleyball fields, children's playgrounds, a skate park, walking and cycling paths, Dubai Hills Golf Club, hotels, a shopping center, cafes and restaurants.
The neighborhood has become one of the most popular areas among buyers looking for luxury real estate in Dubai. According to the latest data, the return on investment for luxury villas in the area is 4.9%. Apartments prices start from AED 1,800,000, villas and townhouses – from AED 1,350,000, and duplexes – from AED 2,052,000.
Palm Jumeirah is an iconic man-made island shaped like a palm tree. It contains premium residential buildings and luxury hotels, as well as all the infrastructure necessary for a luxurious beach holiday. Real estate on the palm island is represented by studios, apartments with 1-5 bedrooms, penthouses with 6 bedrooms, coastal villas, and townhouses. Many private houses have their own beaches. Most of the residences offer spectacular views of the Arabian Gulf. The minimum cost of a studio starts from AED 1,500,000 and apartments – from 4,350,000.
In different areas of Dubai, you can find both off plan properties for sale at affordable prices and expensive premium options. Popular areas of the emirate continue to develop rapidly. In each district, reliable developers continue to build new residential and commercial properties. The return on investment in individual projects in Dubai can reach 10% per year. It is very difficult to choose an area and a specific project for the most profitable investment on your own. Seek advice from well-versed in the Dubai market ULO Real Estate experts to make the right choice.