Apartments in Dubai

Dubai is considered one of the fastest developing cities in the world as it attracts not only tourists and working professionals but also individuals looking for residential and commercial units to invest in. It is also important to understand that the emirate offers some of the best indicators for ROI in residential apartments, at a stable level from 5% to 8% per annum. In addition, depending on the size or value of the investment, international buyers can obtain investor visas for a period of 3, 5 or 10 years. All of these types of visas include the possibility of family sponsorship and can be extended countless times.

It is worth noting that the World Expo 2020 has had a significant impact on the Dubai real estate market and led to an increase in interest in the Emirates among foreigners, especially novice investors. In turn, the Central Bank of the UAE has reduced the ratio of credit to the value of the real estate to 20% for those who are buying housing for the first time. According to the Dubai 2040 Urban Master Plan, the built-up areas of the emirate will continue to develop and improve the image of Dubai. This means that real estate in Dubai will always be in demand, and now is the perfect time to invest.

Considering the option of buying apartments in Dubai, it is worth paying attention to such popular areas as Downtown Dubai, Business Bay, Dubai Marina

If you are considering the option of buying an apartment in Dubai, it is worth paying attention to popular areas in the city, such as Downtown Dubai, Business Bay, Dubai Marina and Dubai Creek Harbour.

1. Downtown Dubai is the central district of the emirate that connects Old and New Dubai and boasts a large number of attractions such as the Burj Khalifa, The Dubai Mall and Dubai Opera, among others. Even though the area has existed for more than 20 years, it’s still developing. The area includes residential and commercial buildings and is in great demand among expats working here, entrepreneurs and working professionals, as well as tourists. Apartments from 1-BR to 7-BR are available to purchase, where the highest annual income is offered by 1-bedroom apartments, at an annual rate ​of 5.18%. The lowest price for a 1-BR apartment in Dubai Downtown is AED 720К (USD 196К).
2. Business Bay is rapidly realizing its goal of becoming the central business center of Dubai, like Manhattan in New York, offering many first-class amenities and a dynamic lifestyle. The area is known as a multifunctional district with both residential and commercial complexes. Most of all, this area is attractive for professionals working here, as well as business people who come for business trips, to various forums, summits and other business events, who often rent housing for this period of time. Offering a wide selection of beautiful apartments, hotel suites and serviced apartments, the area has become one of the most desirable addresses in Dubai, arousing equally high interest from tenants, buyers and tourists. The area is also close to the Dubai Design District and one of the oldest districts of Dubai – Jumeirah. Interested buyers and investors can choose to buy apartments with 1-5 bedrooms with different design layouts, the sale price of which starts from AED 575K (USD 157K).
3. Dubai Marina offers an exceptional standard of resort-style living and is very popular among tourists and residents of Dubai, offering high-quality entertainment and recreation. Many choose to live here because of its close proximity to Downtown Dubai, Palm Jumeirah, the emirate’s iconic shopping malls, beaches and many other attractions. Dubai Marina has also been top of the leaderboard in terms of one of the best places to rent luxury apartments for several years in a row and offers the purchase of apartments from 1-BR to 5-BR, with an investment yield of 5.7% per annum. The sale price of apartments with 1-BR starts from AED 500К (USD 136К).
4. Dubai Creek Harbour is one of the most in-demand areas among recently launched property projects in the city. Located on the banks of the Dubai Creek, the area will house residential, commercial and entertainment units. There are several good reasons to invest in Dubai Creek Harbour real estate, including the fact that it is home to several premium gated communities that provide a quiet and private environment to live in. Due to the neighborhood’s phased development, you can buy both finished properties and off-plan. In addition, upon completion, another unique landmark in Dubai will be located here – the tallest tower in the world – Dubai Creek Tower, with commercial space, restaurants and a one-of-a-kind observation deck. The mix-use community attracts singles, couples and families, wishing for a comfortable life where the area will allow you to perfectly combine work and leisure while living here. Dubai Creek Harbour offers options for buying apartments with configurations from 1-BR to 4-BR and a return on investment of 5% per annum. The cost of a 1-BR apartment here starts from AED 780К (USD 212К).