The Top 5 Districts for Luxury Villas in Dubai

Content:

• Demand for villas in Dubai
• The most prestigious districts in Dubai to buy and rent a villa
• Help from our agency

Demand for Villas in Dubai

Months of compulsory isolation during the pandemic have forced many people to change their views on their living spaces. Thus, in the UAE, real estate agency clients have become more likely to buy their own homes.

In 2021, the prices of villas in Dubai rose by 40% due to high demand and with the advent of 2022, the popularity of this type of housing will not decrease. According to the Dubai Land Department (DLD), sales of villas in the emirate in the first quarter rose by 2.49% compared to the fourth quarter of 2021. Over the six months, villa sales rose by 9.79% and by 14.68% over the nine months.

These changes are caused by buyers’ desire for their own outdoor space or additional options like a gym and a pool. In addition, office workers, who used to spend most of their day at work, can now perform their duties from home, which translates to the need to provide a comfortable working environment.

If you are interested in buying or renting a home in an area with a developed infrastructure, you can find a list of the most prestigious and popular locations in Dubai with villas below. The communities included in these areas have been built by reputable developers, and their real estate is consistently in high demand.

The Most Prestigious Districts in Dubai to Buy or Rent a Villa

Jumeirah

This popular community, known for its proximity to the Burj Al Arab Hotel and the coast, will suit those who value their time, appreciate a high level of comfort and seek to maintain an active lifestyle. There are also kindergartens and schools, supermarkets, medical centers and cafes in the area.

The area is divided into three residential complexes, Jumeirah 1, Jumeirah 2 and Jumeirah 3. The average rental cost is AED 351,000 ($95,500) per year, but an experienced realtor will be able to find more economical options. Houses can be found in configurations ranging from three to six bedrooms and 230 to 550 m2.

The cost per square meter of property for sale in the area is 15,400 AED ($4,000). The yield of a villa for rent is 4.09% per annum.

Umm Suqeim

Umm Suqeim is an attractive coastal district with a developed infrastructure and a large number of restaurants and retail outlets. The popular Kite Beach and the Burj Al Arab Hotel are located nearby. In this area, there are many prestigious schools, such as the Emirates International School, Jumeirah and King’s Dubai School. The convenient proximity to them and the high quality of education offered will be appreciated by families with children.

The district includes three blocks, Umm Suqeim 1, Umm Suqeim 2 and Umm Suqeim 3. Average annual rent prices for villas range from AED 150,000 ($41,000) for a four-bedroom house with a total area of 400 m2 to AED 1 million ($272,500) for a seven-bedroom mansion with a total area of 920 m2.

Buying a villa in this location will cost approximately AED 16,100 ($ 4,500) per square meter. If rented out, a house in this area will bring in about 2.79% of the cost per year.

Al Barsha

Al Barsha is a residential complex in Dubai, which will be a great option for those who value a quiet and secluded lifestyle. There is a pond in the area, around which there is a park with walking and jogging paths.

Al Barsha is close to the Mall of the Emirates, and there are also several small malls in the community itself.

Rental prices for villas in the area range from AED 70,000 ($19,000) to AED 1.8 million ($490,000) per year. There are many available options for any budget.

A square meter will cost an average of AED 11,500 ($3,000). The average yield on homes in the area is 6.6% per annum.

Arabian Ranches

The project, Arabian Ranches, was launched in 2004. The development company, Emaar Properties, worked tirelessly on its implementation and managed to harmoniously combine the features of Mediterranean and Arabian architecture in the design of the residential quarter.

The area currently includes three sub-communities that offer villas and townhouses on their territories. The community has a golf course and an equestrian center.

According to recent analyst reports, the average annual rental price in Arabian Ranches ranges from AED 134,000 ($36,000) to AED 193,000 ($52,500).

The cost per square meter to buy a property is AED 12,000 ($3,000). Property profitability ranges from 4.99% to 5.49%, depending on the sub-community.

The Springs

The Springs is a serene area of Dubai, situated away from the big city and surrounded by lush greenery and beautiful lakes. The community offers a new perspective on the concept of modern community living surrounded by nature. This secure gated community offers two, three and four-bedroom villas and townhouses for sale and rent.

You can rent a villa in The Springs for an average of AED 142,000 ($38,500) per year. The average price per square foot in the area is AED 7,700 ($2,000). Renting a villa in The Springs will bring the landlord about 5.3% per annum.

Assistance from Our Agency

The specialists from the AX CAPITAL real estate agency are ready to assist you in choosing a villa, apartment or another real estate option. They will also help with the preparation of all the necessary documents for the transaction. Contact us and your dream of moving to the UAE will come true!