apartments for sale in Dubai
Dubai is a fast-paced city with a growing expat population. As such, apartments for sale in Dubai are in high demand. The city offers a multitude of opportunities for people around the globe to work, live and enjoy life.
Also, as a country with ever-lasting summer, Dubai invites millions of tourists yearly. Assuring one of the highest ROI worldwide, it was never more appealing to buy apartments in Dubai. The city is home to some remarkable landmarks and real estate masterpieces.
Burj Khalifa is the world's tallest building. Palm Jumeirah is an upscale palm-shaped man-made island. Dubai Marina is the tallest residential block in the worlds etc.
When looking for Dubai apartments for sale, you will find a variety of choices. If you are seeking a home for yourself and your family or just a good investment opportunity, Dubai apartments are your best pick.
Dubai properties are built by world-renowned developers, such as Emaar, Damac Properties, Nakheel and many others. Many projects boast an array of amenities, including swimming pools, gyms, play area etc.
Furthermore, Dubai holds the title as the city with the highest number of Guinness World Records.With new projects being built you can choose between investing in off-plan projects in Dubai or in ready apartments for sale. Moreover, with off-plan projects, you can buy apartments in Dubai in instalments.
Attractive payment plans for Dubai apartments for sale are available for some ready projects as well. Most popular areas to buy an apartment in Dubai are Downtown Dubai, Palm Jumeirah, Dubai Marina, Jumeirah Lakes Towers, DIFC, MBR City and others.
Types of Dubai Apartments for Sale
Investors have a wide array of choices to consider while looking to buy apartments in Dubai. When it comes to apartments, Dubai offers studio, 1, 2, 3, 4 and 5-bedroom apartments for sale, in addition to luxurious penthouses and duplex apartments. The prices depend on the location, view, amenities and facilities etc.
Many bigger apartments come with maid rooms, storage rooms, laundry room. The most lavish ones come with private pools, cinema rooms, private gyms and others. Sizes may vary. You can choose to invest in mature areas such as Downtown Dubai, Palm Jumeriah and Dubai Marina or in upcoming communities, such as MBR City.
Apartments in Dubai are available in various sizes. For example, you can find a studio apartment for sale in Dubai with built-up area ranging from 300 sq. ft. up to 1,000 sq. ft.
Studios for sale in Dubai suburban areas can be found starting from AED 150k, while prices for those in more popular areas start from around AED 400k. The most luxurious apartments that you can find on the market are priced over AED 50 million. However, buyers for ready properties may apply for a mortgage as well. This makes apartments for sale in Dubai affordable for everyone.
Also, investors can choose to buy hotel serviced apartments in Dubai which are known to generate a good ROI. Or in a high-end duplex or triplex apartments in Dubai. Upcoming residential project feature state-of-the-art amenities. Therefore, in some projects, residents can enjoy functional workplaces, game room, yoga rooms, spas and saunas, tennis courts, basketball courts, jogging tracks, rooftop garden, valet services and many other amenities.
Why Buy Apartments in Dubai
Savvy investors invest in Dubai apartments because this city offers one of the best returns on investment worldwide. With prices dropping post-COVID-19 induced crisis, it is the best time to invest.
Those who buy apartments in Dubai can easily earn from rental yields or from the resale. Investing in off-plan properties in Dubai is a great choice for those looking for solid one-time earnings through resale. Those who look for a steady income through renting will mostly choose popular areas to rent an apartment in Dubai. Residents with stable income often consider to buy apartments in Dubai as well.
With special promotions offered for some ready properties, you can own your apartment for monthly instalments in the amount of your rent. Once you pay off the apartment, you can rent it and enjoy a second income even if you leave Dubai.
Depending on your requirements and long-term goal, our sales consultant can find the best Dubai apartments for sale for you. Not to mention other advantages, such as obtaining the UAE Golden Visa for those investing in over AED 10-million properties in Dubai.
Difference Between Freehold and Leasehold Properties in Dubai
Dubai properties are roughly divided into two categories: freehold and leasehold properties. What does that mean? Expats can buy apartments in Dubai freehold areas according to a decree passed in 2002. In leasehold areas, non-Emiratis can buy a property for a period of up to 99 years after which the ownership goes back to the freeholder.
Also, the freehold owner must approve all alternations done to the property. Those buying leasehold properties invest in the right to occupy the property for a set period of time. Upon the end of the lease, the property owner can again be extended for a period of 99 years.
Most investors prefer freehold ownership and nowadays leasehold projects are not offered often. Most popular areas, such as Downtown Dubai, DIFC, Palm Jumeriah, Dubai Marina, JBR and others are freehold areas. Some other areas, such as Jumeirah, feature both leasehold and freehold properties.
Where to Buy Apartments in Dubai
Apartments are offered in most of Dubai Properties. Depending on if you are looking for a high-rise or low-rise project, you can choose the area offering such buildings. With an array of skyscrapers, Dubai Marina is the tallest residential block in the world. Featuring the world's tallest tower, Burj Khalifa, Downtown Dubai is not far behind. Other in-demand areas that offer apartments for sale in Dubai are Old Town, DIFC, Jumeirah Lakes Towers, Palm Jumeriah and others.
Calculate ROI on Dubai Apartments for Sale
If you are looking to invest in Dubai apartments, you should first do your math. Best way to calculate your ROI is to divide annual profit with an initial investment and then multiply by 100. Make sure to add all the costs to your initial investment, such as agency fees, mortgage costs etc. Do your research on current rental trends on the area and type of property that you are looking to buy to calculate your annual profit.
If you are looking for a quicker method to profit from your property investment, choose resale. Invest in an off-plan project and resell it for a higher price once near completion.
The Perks of Apartment Living in Dubai
Dubai is a bustling city with millions of tourists around the globe coming to enjoy its eternal summer, vivid night scene and a multitude of leisure and entertainment options.
Also, with new opportunities for business professionals being offered due to EXPO 2020, apartments will be in higher demand. Most of the high-rise communities are set near the metro, thus being ideal for those who moved to Dubai.
Apartments for sale in Dubai are also popular because of the view. Depending on the area and the floor, some apartments boast majestic sea, marina, lake or skyline views. For example, those living on the top floors of Burj Khalifa, enjoy sunset four minutes longer than the rest of the city.
Some projects offer furnished apartments for sale in Dubai, but most people prefer unfurnished ones, so they can decorate it according to their personal taste. A certain number of parking spaces comes with most apartments.
In densely populated areas, such as Dubai Marina or Downtown Dubai, you will have everything at hand. While enjoying the sunset from the comfort of your balcony, you will want to invest in Dubai.
If you are looking to buy apartments in Dubai, reach out to us! Our consultants will be happy to assist you and find the best selection of Dubai apartments for sale catered to your needs.