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Dubai is considered the unofficial capital of the middle east and attracts over 16M visitors in 2018 alone! Over the last decade, there has been a recent influx of visitors to Dubai and the UAE, establishing itself as one of the most desired tourist destinations for the masses. As a result, Dubai is experiencing a time of flourishing growth both within the economy with more businesses setting up there, improvements on lifestyle for people looking to move or retire there or just on a great place to spend the weekend. Dubai has many sides to it, not just what is shown in the media, it offers a lot more beyond being a luxury holiday destination, but if you are more adventurous you go venture into the desserts, shop in old town and visit the cultural side to admire the history, we have got a great link for your preference if you want to find new activities or fun things to do.
Learn more about the Dubai apartment market through trends and average prices.
Dubai offers one of the most diverse and huge selections of apartments for sale catering to all types of tennant/buyer. It has great options for sole investment for the shred investments, starter apartments, luxury duplex or penthouses that come in all shape, sizes and certainly price points. The apartment for sale in Dubai have appeal for young families or the holiday home visitors that only plan to stay a few weeks of the year. There is a big range of flats offered, ranging from 1 bedroom flats, 2 bedroom flats or 3 bedroom flats plus options in some of the new low-rise buildings or even ones with amazing views over the sea or overlooking the fountain area in Downtown Dubai. Purchasing a property in Dubai is made easy with their flexible ownership laws allowing anyone to own a property 100% freehold in certain designated areas. Properties start from studio flats in Dubai, and they have smaller units, medium-sized, nits and larger more spacious units. Usually, the more reasonably priced apartments have some great common facilities, such as heated pools and fitness areas and typically start from only 500k AED. If you venture further out of town and into the new more developed areas, away from Dubai Marina, JBR and the more crowded areas – there are a higher selection of apartments and flats that are recently completed and off-plan. Some of those apartment properties have easy and accessible beach access, and therefore command a much higher price tag but offer the added convenience of local supermarkets and malls close by too.
The most popular areas in Dubai after the recent investment the extra infrastructure is the famous and expanding changing Jumeirah Beach Residence or JBR area, which houses a number of famous restaurants, the JBR beach, with easy access over to the new Bluewater development. There is a ton of activities and a vibrant night scene, particularly if want to find your next culinary adventure or go for a nice quiet drink in one of the local hotels or bars. JBR in Dubai now offers everything from cinemas, the flying cup which is a new and unique offering in the GCC, coupled with the Splash pad allowing kids and toddlers fun and ability to cool down from the heat and get wet and wild on the rides. Venture further out from JBR and you can quickly access Dubai Marina mall for some shopping and a bigger variety of fast food joints too. As you move further out you get into the JLT area, where there is a huge selection of 80+ apartment and office buildings surrounded by the DMCC area and lake area, which is great for setting up a business close to main areas of town too. Further afield you enter into the Greens, Jumeirah Villa Triangle, Tecom and the other more well-known which offer a nice community feel, and with many new developments and facilities attracting people to move out of the more congested and pricier places like JBR, Marina and Downtown, although sacrificing on the beachside leaving too.
Dubai is considered the ultimate lifestyle destinations, and a crown within the desserts of the Middle East. Being only short distance flights and a few hours you can reach from most European and Asian cities. Dubai really caters to a variety of different lifestyle for everyone whether you’re a bachelor looking for a party lifestyle or a family man, settling into your life with your new career or business. Life beyond the luxurious buildings, fast cars, and branded shopping malls – can be a slow and relaxing life with sun and warm weather all year around. Most activates in Dubai revolve around places that provide air conditioning if the sun gets too much, jumping from taxi to malls to hotel brunches is a common lifestyle for most. With the considerable salaries on offer, most expats living in Dubai can afford a much higher standard of living than typically available in their home country. The nightlight considered some of the best in the world, albeit typically limited to be operating within the hotels that possess alcohol license, the views and atmosphere make it all worthwhile. If you like the outdoors, then another popular activity among locals which is jumping on a luxury yacht charter rental and cruising around the Palm Jumeirah. Dubai is also becoming increasingly popular destinations for medical tourism with plastic surgery operations being conducted across all the best clinics and hospitals.
The average price per square feet for a Property for Sale in Dubai is AED 14,679, which is 2% above the average price per square feet in UAE that is 14,663. The price of Dubai Studios is on average around AED 501,359 and a 3 bedroom apartment in Dubai will set you back around AED 1,503,359 per square meter.
The Dubai real estate market has gone through a huge change and evolution over the last 10 years, with a number of ups and downs and now new regulation that will enable safer and smoother transactions between all parties, here are 5 of the top reasons to invest in Dubai apartments: -