Property for Sale in Dubai
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Properties for Sale in Dubai
There are different kinds of Dubai properties for sale. Investors have a variety of choices to pick from. Since this city is a vibrant and energetic megapolis, people looking to buy real estate in Dubai will definitely have their expectations met. New projects appear on a monthly basis with an ever increasing demand. Let’s take a closer look at the subject.
What Types of Property are in Dubai?
So, what properties for sale in Dubai are available? The answer is easy and simple - every kind imaginable. Here’s the list:
- Commercial floors
- Shops and retail outlets
What kind of property for sale in Dubai is the most popular? Without any doubt, a studio apartment ranks #1 because it is affordable and, therefore, more people can purchase it. Next comes a 1-bedroom apartment, followed by a 2-bedroom apartment. For the same reasons.
Apartments and villas can have 1, 2, 3, 4 or even 5 bedrooms.
One of the common questions that often pops up is, what is off plan property? Very simple, it’s when property is purchased before the end of development. This way investors make their money because once the construction is completed, the price skyrockets, doubling or even tripling the initial investment.
Those looking for luxury properties for sale in Dubai won’t choose a studio apartment. They will pick a villa, a penthouse or a spacious 3-bedroom/4-bedroom apartment in a prestigious district.
Popular Dubai Areas for Living and Investments
If you’re looking to buy property in Dubai, next thing you should consider is the location. Property prices in Dubai depend on the area because some districts are more popular than others, mostly due to the tourist activity. Here’s a shortlist of districts with some of the best properties in Dubai:
- Dubai Marina
- Downtown Dubai
- Bur Dubai
- Palm Jumeirah
- Al Barsha
- Jebel Ali
- Arabian Ranches
- Emirates Hills
- Business Bay
Where to buy real estate in Dubai depends on your criteria. Some districts offer villas and lack residential buildings with apartments. Vice versa, others have apartments for sale and rent but don't have villas or townhouses. And some mix both kinds of property. If you have decided on your budget and property type, you can proceed and choose the location that best suits your needs.
How location affects price? Some areas are located in the city center closer to all the sightseeing attractions and hot tourist spots. Best properties in Dubai are situated in the most popular areas such as Dubai Marina, Jumeirah or in Downtown Dubai.
If a firm is looking for an office, the best choice is, for example, Downtown Dubai or Business Bay. If you want a villa, then don’t go further than Palm Jumeirah. Great residential properties in Dubai like studios and 1/2/3-bedroom apartments can be found in Al Barsha.
Any kind of Dubai property for sale in any district will bring you profit. Average annual ROI is 5%. Depending on the area and property type, it can reach up to 10% and never falls below 3-4% (for rent). Reselling off-plan real estate can bring 30-50-100% ROI.
Real Estate Developers in Dubai
There are various prominent developers which directly offer properties to buy in Dubai. Every developer has its own unique projects. Some developers even design and create the whole districts. Here’s a list of top developers and their most recognizable projects:
- Damac Properties (Damac Lagoons, Damac Towers, Damac Hills)
- Emaar Properties (Dubai Mall, Dubai Fountain)
- Nakheel Properties (Palm Jumeirah)
- Dubai Properties (Business Bay, JBR)
- Sobha Realty (Sobha Hartland)
- Meraas (City Walk)
Other notable development companies include Binghatti Developers, Azizi Developments, Danube, and many others. More popular developers have a higher price tag, although their projects will also be greater. Less known developers have a lower price range and their projects are more common. It’s simple.
Now, we have covered the types of properties in Dubai, what affects the price, the most prominent locations and developers. You are now fully equipped to invest in Dubai real estate.