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Spiridon Real EstateForeigners have the right to buy a home in Dubai with full private ownership if it’s located in a freehold area.
The site presents ads for properties in Dubai, UAE from reliable agencies and developers. Choose a suitable option and explore the price, layout and description. Contact the seller by calling or writing a private message.
The cost of property in Dubai varies and depends on the area, distance from the city centre and the coast, configuration, level of comfort and additional amenities.
The average price of real estate in Dubai for ready apartments is AED 1.7 million (USD 463,000) and for under-construction apartments, it’s AED 1.3 million (USD 54,000). The average price for villas, whether under construction or already completed is AED 2.8 million (USD 762,500).
Average cost per square metre:
- For completed apartments: AED 15,300 (USD 4,160) and for those under construction: AED 11,750 (USD 3,200);
- For ready villas: AED 17,200 (USD 4,680)and for those under construction: AED 13,250 (USD 3,600).
The minimum cost of properties for sale in Dubai is AED 377128 (USD 377128) This is the price of a studio in the area of DAMAC Hills. The maximum amount required to buy a villa with 7 bedrooms in the area of Jumeirah Bay Island is AED 330 million (USD 89,845,000).
In 2023, the average value of ready apartments increased by 4.6%, ready villas by 22% and villas under construction by 17%.
The size of housing varies, depending on the type of object, layout and number of rooms.
In the ads, one can notice a studio with a minimum area of 63 square metres and a villa with a maximum size of 4267 square metres The average area of apartments is 142 square metres and for villas, it’s 197 square metres.
The buyer can obtain a visa for 2 years if, at the time of the transaction, the value of housing is equal to or exceeds AED 750,000 (USD204,192). If the price of the house or apartment is above AED 2 million (USD 544,500), the residence permit is issued for 5 years.
The most popular freehold neighbourhoods for purchase are the following:
- Palm Jumeirah
- Dubai Marina
- Downtown Dubai
- Dubai Hills
- Jumeirah Village Circle
Dubai is an attractive region to invest in houses and apartments. High demand for property in the UAE and steady price growth guarantee a quick return on investment and profit.
Renting out your home allows you to earn a steady income. Villas and apartments in Dubai are sought after by expats and tourists throughout the year. The rental rates far exceed the cost of maintaining the homes.
Property in Dubai
Housing in Dubai provides opportunities for capital preservation and capital appreciation. The rapidly developing city is suitable for investment, all-season vacation at the seaside and moving for permanent residence. The metropolis has created conditions for comfortable living. Numerous schools with the British education system, international universities and world-class clinics are among the objects of infrastructure. The entertainment sphere is well-developed, offering well-groomed beaches, restaurants, shopping and entertainment centres available for visitors. Additionally, there are areas dedicated to sports activities.
Real estate for sale in Dubai is characterised by a high level of quality and comfort. The market offers a wide choice of housing at a variety of prices. It’s possible to buy an apartment or a house at the construction stage. Developers in the UAE provide buyers with housing with finishing, equipped kitchens and built-in closets.
Studios and apartments with panoramic windows are situated in high-rise buildings. All apartments boast thoughtful design and ergonomics. Studios typically have an open floor plan, combining the living room, bedroom and kitchen into one space. In addition to the kitchen and living/dining room, apartments offer 1-3 separate bedrooms with individual bathrooms. Residential complexes within one building may include amenities such as lounge areas, stores, parking lots, swimming pools and gyms.
On the top floors of skyscrapers, there are penthouses, which are two-level apartments of premium class with layouts ranging from 2 to 5 bedrooms. It’s possible to purchase such apartments in Jumeirah Lake Towers, Palm Jumeirah, Business Bay and others.
There are villas and townhouses in prestigious areas of the city. The number of bedrooms starts from 3 and can reach up to 7, with additional rooms available for work, storage of belongings and accommodation of household staff. Features of this type of housing also include spacious layouts, open terraces and private adjacent territory. They can have a swimming pool, garden and spaces for recreation. Unlike villas, townhouses are connected by walls with neighbouring buildings.
Affordable options for purchase can be found in the communities of DAMAC Hills 2, Jumeirah Village Circle, Dubai South and Al Furjan, while luxury housing is located in Dubai Marina, Business Bay, Dubai Hills Estate and Palm Jumeirah.
Reasons for investing in property in Dubai
The purchase of investment real estate in Dubai is a reliable way to earn a regular income. The city's growing population and the continuous flow of people wishing to visit the UAE keep the demand for housing high. Apartments and villas can be profitably rented out to guests. In 2023, the average profitability for short-term rentals was 5-8% and 11-13% for long-term rentals. Rental rates and property prices in Dubai continue to rise. This will lead to an even greater increase in investor returns.
In addition to renting, selling housing can be profitable. In 2023, the price of ready-made apartments in the popular Downtown area increased by 20%, while villas in the Dubai Hills community saw a rise of 26%. The most rapid growth of cost is demonstrated by housing under construction. Upon delivery, it can be sold with a profit margin of 20-30%.
Popular communities for the purchase of under-development housing include Dubai Creek Harbour, Palm Jumeirah and DAMAC Hills 2.
Buying real estate in Dubai
Utilise the portal to find the perfect studio, apartment or villa in Dubai. Upon your request, brokers will provide you with the necessary information on the selected properties in Dubai for investment or living and assist you in closing the deal.