Foreign buyers are interested in whether it’s worth buying real estate in Dubai and which district is best for choosing a home. Apartments or houses in a major metropolis are not only great places for living and entertainment but also highly liquid assets that allow for capital preservation. Let's look at the best districts to buy real estate in Dubai. We’ll explore the most attractive districts and clarify what foreigners need to know about purchasing international real estate.
Contents:
- Purchasing an apartment in Dubai: nuances
- Which district is the best for buying an apartment in Dubai?
- Downtown Dubai
- Dubai Marina
- Palm Jumeirah
- Business Bay
- Dubai Creek Harbour
- Emaar Beachfront
- Damac Hills
- Assistance in buying real estate in Dubai
Purchasing an apartment in Dubai: nuances
The metropolis has numerous coastal freehold zones ensuring that foreigners have a great choice when buying an apartment in Dubai by the sea. The central districts are also open to expatriates.
You can acquire both move-in ready real estate in Dubai and off-plan properties (under construction). Typically, the most attractive prices are available during the early stages of development. If immediate relocation is not a concern, investments in residential complexes under construction remain the most advantageous.
When choosing housing, several aspects need to be taken into account.
- Objectives: Purchasing a five-bedroom townhouse in a gated community away from the coast may be an ideal option for a family with children but not for rental business purposes. On the other hand, if the goal is to find the best place to buy an apartment in Dubai for rental purposes, studios in the city centre, apartments with high ROI near business districts and properties in tourist locations are suitable.
- Budget: The cost of housing determines the possibility of obtaining a UAE residency visa. By purchasing real estate valued at AED 2 million (USD 544,500) or more, you can obtain a five-year investor golden visa.
- Developer: The most attractive properties are offered by prominent developers in Dubai. They not only work on the internal infrastructure of the residential complexes but also enhance the surrounding area. Among these companies, Damac, Emaar and Sobha stand out as they develop entire districts.
Which district is the best for buying an apartment in Dubai?
It’s difficult to provide a universal answer to the question of where the best place to buy an apartment in the Emirates is as it depends on the specific situation. Below are some practically foolproof location options for both relocation and investment purposes.
This list of districts is not exhaustive. Consult with professional brokers to access a comprehensive range of offers.
Downtown Dubai
The central part of the city does not have direct access to the coastline but is the emblematic heart of the emirate. It’s home to the city's main attractions such as the Burj Khalifa skyscraper, the dancing fountain show and the Dubai Opera. All the residential properties here are modern, characterised by high quality and investment attractiveness. The average price of a studio apartment is AED 933,000 (USD 254,000). Spacious apartments are more expensive, with exclusive properties reaching prices of AED 36 million (USD 9.8 million) and more.
Dubai Marina
This waterfront community is one of the prime areas to buy property by the sea. It’s often referred to as the "skyscraper district" due to its predominant high-rise development. The buildings offer apartments of various sizes, ranging from studios to luxurious penthouses. The starting price is AED 650,000 (USD 177,000). The average price of a five-bedroom apartment is AED 11.29 million (USD 3.07 million). This location is highly recommended for those seeking the best place to live in Dubai as waterfront properties are usually highly valued by ex-pats.
Palm Jumeirah
This man-made island is renowned for its exclusive real estate. The infrastructure is designed to provide a highly comfortable resort lifestyle. It’s one of the preferred locations for retirees looking to buy a property in Dubai, with the sea within walking distance and residential complexes offering all essential amenities, from cafés and restaurants to medical clinics. The average price of a studio is AED 1.57 million (USD 427,500) while a six-bedroom villa can reach prices of AED 175 million (USD 47.64 million).
Business Bay
As one of the central communities of the city, Business Bay attracts businesspersons and young professionals due to its high concentration of commercial activities. The average price for a studio apartment is AED 815,000 (USD 222,000) while a five-bedroom penthouse can reach prices of AED 37.42 million (USD 10.19 million).
Dubai Creek Harbour
This rapidly developing area is becoming a popular tourist destination. The construction of the tallest skyscraper on the planet, The Tower, is set to be completed here in 2025. The tower will surpass the Burj Khalifa and become a major trade and entertainment centre. An apartment in Dubai’s Dubai Creek Harbour has an average starting price of AED 1.27 million (USD 346,000).
Emaar Beachfront
This young district is currently under development and comprises 27 high-rise buildings. The gated community offers a highly private lifestyle, with the central areas of the city reachable within 30 minutes. The average cost of a one-bedroom apartment is AED 1.99 million (USD 542,000). As the construction progresses, the property in this community is expected to appreciate.
Damac Hills
This emerging community offers townhouses, villas and apartments in mid-rise buildings. Its popularity is driven by its affordable prices, convenient location and proximity to nature. The price of a studio apartment is approximately AED 484,000 (USD 132,000) while a three-bedroom residence can be purchased for an average of AED 1.75 million (USD 476,500).
Assistance in buying real estate in Dubai
Our website offers a wide selection of ready and under-construction properties in one of the most comfortable megacities in the world. Our specialists will provide information on the current market situation, assist in choosing the optimal location and offer legal support throughout the transaction process. With our intuitive search system, you can find real-time property listings. Simply set your filters and specify the type of property, desired area and price in USD or EUR. Start your search for international real estate right now!
