Best Dubai districts in which to buy real estate

Best Dubai districts in which to buy real estate

12.20.2021 (updated 01.20.2023)

  • AX Blog
  • Best Dubai districts in which to buy real estate

The real estate market in Dubai is developing rapidly. Every year, the number of ultra-modern apartments increases in this emirate, as more attractive and affordable properties are built.

Investors would like to know whether buying real estate in Dubai is worth it. Will such a purchase generate income? How to select the right location and developer? This post answers some of these questions.

Content:

Why buy real estate in Dubai?

There is no one-size-fits-all answer to this question. Investors and home-hunters have different purposes and consider different options:

  • A villa or an apartment for permanent residence
  • A vacation home
  • Short-term or long-term rental
  • Resale

Whatever your motivation might be, you should know that Dubai is a reliable investment destination. The value of local properties grows and the number of tourists and expats wanting to rent a house or apartment in Dubai increases consistently.

What is the best location in which to buy real estate in Dubai?

The property’s location is one of the key aspects of real estate selection. According to statistics, foreign investors prefer the following communities:

Other neighborhoods are less famous but they also accommodate interesting projects that meet all contemporary standards and are sought after.

District 2020 is an example of this. It is a community of residential complexes with many shopping malls, office centers, and exhibition pavilions where Expo 2020 was held on October 1, 2021 through March 31, 2022. Moreover, the largest UAE airport is located in this area.

Dubai Creek Harbour is also in high demand. There are plans to commission the tallest building on the planet here in 2025. The 200-story Tower by Santiago Calatrava, a famous Spanish architect, will be 928 meters tall – 100 meters taller than the Burj Khalifa. Experts believe that Dubai Creek Harbour will be intensely developed over the next 10 years but you can already purchase a home in this district at a substantial discount from the developer.

Real estate experts note that such projects built near iconic landmark attract buyers. These properties will always yield returns, as tourists coming to Dubai prefer accommodation in the vicinity of famous sights.

Another new community that professionals call promising is Emaar Beachfront. It is under construction on a man-made island and consists of 27 skyscrapers with premium homes. It will be a great option for those who are looking where to buy an apartment in Dubai by the sea. The residents will have a private beach with a separate entrance. There will also be a yacht club, a port for cruise ships, recreation areas, and a 135-meter lighthouse with an observation deck.

Developers, liquidity, demand: details of selecting a property

Foreign buyers mostly purchase real estate in popular and prestigious neighborhoods built by trusted developers. Some of these are:

  • Dubai Properties
  • Meraas Development
  • Emaar Properties

These companies do not merely develop buildings; they create entire residential neighborhoods in a certain style. They build parks, cafés, restaurants, shopping malls, office centers, etc. to create a comprehensive urban area with amenities. An investor who purchases real estate by such a developer can be sure of the quality of the building and the grounds.

It is essential to choose a residential project that best suits your purpose, for instance, where you can resell your property quickly and at a profit or lease it. Local realtors can help you with that, highlighting the features of the buildings, the quality of construction, operation of management companies, and other details.

The prices of residences in sought-after communities start at AED 550,900 (USD 150,000), while waterfront real estate costs upwards of AED 1.17 million (USD 320,000). The value of housing built by different developers in the same neighborhood can vary.

For example, there are more than 200 high-rise buildings in Dubai Marina. Different developers built up this district, so properties differ not only by price but also by rental rates. Here, you can purchase a studio apartment for about AED 550,900 (USD 150,000) but you will not necessarily be able to find tenants easily because of low-quality finishing and poor maintenance provided by the management company. In other words, it is wiser to choose a more expensive property in Dubai guaranteed to generate a passive income than invest in a residence that won’t be in demand and whose value won’t increase.

The highest-yield apartments in Dubai Marina were built by Emaar Properties. Its properties have passed the test of time. The finishing and utilities are still in excellent condition. The rentals and demand for these homes are higher than in nearby buildings.

Importantly, if a district is developed by various developers, there will be no uniform style and quality level there. So you should take into account not only which construction company built a certain property but also who developed the entire block.

We will help you to select real estate in Dubai

The real estate agency in Dubai AX CAPITAL is ready to help you to purchase property in the UAE. Our team will advise you which districts are the best for buying an apartment in Dubai. Please contact our professional experts who will explain in which community it’s better to purchase a residence and how to select villas and townhouses.

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