Studio Apartments for Sale in Dubai

The high standard of living and rapid development make Dubai one of the best cities in the world for living in and investing in real estate, especially if it’s a studio apartment. The main advantage of buying a studio is the low price and high payback of the property. Studios are especially in high demand among single professionals who work in the business districts of Dubai, as well as couples without children and tourists who prefer to rent housing rather than hotel accommodation. In addition, they can also be used as corporate housing, which is especially attractive among many international companies.

In addition to buying a property in Dubai, you get a number of added advantages, some of which include:

• High profitability. Dubai has the highest return on investment in the world – from 5% to 12% per annum. Additionally if you invest in Dubai real estate, you can apply for an investor visa for a period of 3 to 10 years, depending on the value of the investment. The minimum threshold for entering the market is currently AED 750K (USD 204K).
• Stable economic growth and currency stability of the real estate market. Every year Dubai gains rapid momentum in the field of economic development, innovation and technological growth. Many international companies and investors prefer to invest in the emirate because it has repeatedly proved its economic and political stability, and the exchange rate has not changed here for many years. Separately, it should be noted that Dubai is among the TOP 5 world leaders in the field of trade, logistics, tourism and finance.
• Tax attractiveness. Many different types of taxes for legal entities and individuals that are mandatory in other countries are absent in Dubai, including capital gains tax and real estate tax (except 4% DLD). The UAE has also signed an agreement with many countries to avoid double taxation. In fact, Dubai is a city with a minimal tax system, which only allows you to increase your capital.
• Transparency of any type of action related to real estate. Whether it is buying, selling or renting real estate, all transactions are conducted by licensed real estate agents, are as transparent as possible, and most importantly, allows all parties and the process to be protected at the legislative level.
• The constant growth of the population, as well as the tourism sector, is widely developed. About 90% of Dubai residents are expats, many of whom live in rental properties. In addition, the emirate has a well-developed tourism sector and every year the influx of tourists is only increasing, which is why smaller real estate, such as studios are most popular among expats and tourists and bring the highest ROI.

The following popular areas are well worth considering when acquiring studios for sale in Dubai: Business Bay, Dubai Marina, Downtown Dubai and Palm Jumeirah.

1. Business Bay is one of the best places to buy a studio for passive income as short-term and long-term rental housing is in high demand here. Many working individuals prefer to live close to work, and tourists like to rent here as some of the many iconic attractions of the city are located nearby. But Business Bay is especially attractive among business people who often stay here when coming to forums, summits or just on a business trip for a couple of days. The return on investment for studio apartments in the Business Bay area ranges from 5.3% to 6% per annum. The real estate sale price starts from AED 350К (USD 95К).
2. Dubai Marina. This area is considered an elite resort in Dubai and attracts a huge number of locals and tourists. There are a large number of famous sights here, and visitors to this part of the city do not always want to stay in hotels. Many tourists prefer to rent a studio for their holidays, therefore buying a studio for sale or for the purpose of renting it out in Dubai Marina will be a profitable investment for a permanent income. The return on investment for studios in the Dubai Marina area ranges from 5.5% to 6.4% per annum. The real estate sale price for studio apartments starts from AED 430К (USD 117К).
3. Downtown Dubai is a high-tech and multifunctional area that is attractive to both families and businesses. Foreign employees come to the offices of world-renowned companies and for a more comfortable stay or convenient access to work, they prefer to reside in studios or apartments. Here you can buy a studio and rent it out to working specialists and at the same time, have a decent stable income. Downtown Dubai is also popular with tourists who visit major attractions and need local accommodation, which will also provide income for the owners. The starting price of a studio in this area costs from AED 525К (USD 143К). The average return on property in Downtown Dubai is around 5%–6% per annum.
4. Palm Jumeirah. This is an area of high tourist activity as there are many attractions, entertainment venues and beautiful beaches. The Palm Jumeirah is the largest artificial island on the planet and a unique area for living, tourism and recreation. Due to the fact that the island of Palm Jumeirah is mainly concentrated with luxury 5-star hotels, many tourists consider renting accommodation near the sea and the iconic attractions of the island. In this case, the studios here are in the highest demand among tenants and can bring in an income at a stable level of 4.6%-5.2% per annum. As for the cost, the starting price is from AED 775К (USD 211К).