- The cost of apartments in Dubai varies depending on location, their living space, floor plan and amenities available in the development. The price of an average studio unit ranges from AED 160,000 to AED 2,100,000.
Is it expensive to live in Dubai?
According to the Mercer Cost of Living, Dubai is an expensive city. It ranked as the 23rd most expensive out of 209 destinations. However, it is about 25% less expensive than New York City – and about 4% less expensive than nearby Abu Dhabi. As such, depending on where you live now, Dubai might look like a bargain.
Can I buy apartments in Dubai?
Can foreigners buy property in Dubai? Yes. Thanks to legal changes in 2002, foreigners can buy, sell and rent property in Dubai without any special regulations or permissions.
How much does a luxury apartment cost in Dubai?
For these apartments, renting prices approximately range from AED 60,000/year to 234,000/year. If you want to buy a luxury apartment, the prices are generally between AED 1,000,000 – AED 90,000,000. Those, of course, differ depending on how many rooms you want, and where you want to settle down.
Is it cheaper to live in Dubai or England?
Cost of living in Dubai (United Arab Emirates) is 29% cheaper than in London (United Kingdom)
Can I pay in US dollars in Dubai?
Yes, US dollars are widely accepted in Dubai. You will have to ask for a translation from their currency to determine price but there is no problem.
Is Dubai cheaper than the US?
On the flip side, the cost of items such as bottled water and soft drinks are almost 300% lower in Dubai than in the US. Due to these extremes in pricing, Dubai, somewhat surprisingly, ends up slightly cheaper all-round for grocery shopping.
Is tattoos allowed in Dubai?
While many believe it is illegal to get a tattoo in the UAE, there is no law prohibiting it. However, tattoos are deemed a form of self-injury, something which is forbidden in Islamic culture. It is illegal to get a tattoo by an unlicensed artist due to the health risk.
Can I smoke in Dubai?
Normal cigarettes, e-cigarettes, vape, heating tobacco, and other tobacco products are all legal in Dubai. Only if you use it in a location where smoking is prohibited, such as an outdoor smoking cabin. Smokers caught using an e-cigarette in a banned place face a fine of up to Dh 2.000.
What are the highest paid jobs in Dubai?
What are the top 30 highest-paid job openings in Dubai?
- Chief executive officers (CEO) Average monthly salary: Dh100,000.
- Marketing Experts. Average monthly salary: Dh95,000.
- Public relations managing director.
- Supply chain manager.
- Accounting and finance professionals.
- Senior bankers.
Can foreigners buy property in Dubai?
In Dubai, foreign ownership is permitted in areas designated as freehold. Foreigners (who don’t live in the UAE) and expatriate residents may acquire freehold ownership rights over property without restriction, usufruct rights, or leasehold rights for up to 99 years. There is no age limit to own property in Dubai.
Apartments for Sale in Dubai – Buy Flat in Dubai
Dubai is home to some of the most interesting and unusual addresses on the planet. The emirate’s thriving property market is popular with both investors and tenants due to its attractive rental rates. This rapidly expanding city is also regarded as one of the most desirable locations to live in the globe, thanks to its fairly priced housing, easy access to high-end amenities, and overall high standard of living in terms of personal and financial safety, among other factors. One of the main reasons Dubai is a popular investment destination is the high return on investment (ROI) that can be obtained from purchasing an apartment for sale in Dubai.
Those considering making an investment in Dubai will find that the city has a lot to offer in terms of the real estate business, particularly in terms of its world-record breaking skyscrapers.
Freehold vs Leasehold Property in Dubai
There are two types of freehold properties in Dubai: those that are exclusively for UAE or GCC nationals and those that can be purchased by expats or foreign investors. The UAE and GCC nationals have the first option to purchase a freehold property in Dubai, while expats and foreign investors have the second option to purchase a freehold property in Dubai. Since the passage of the freehold law in 2002, expats and international investors have been able to purchase property in Dubai in specified freehold districts.
- Commonhold properties, such as apartments for sale in Dubai, are the most popular type of property in the city.
- These costs are referred to as service charges, and they are often collected by the building owner/developer on behalf of the tenants.
- Palm Jumeirah, Downtown Dubai, and Dubai Marina are some of the most popular freehold neighborhoods for foreigners seeking for homes in Dubai for sale.
- Deira, Al Qusais, Al Nahda, and Dubai Silicon Oasis are some of the freehold neighborhoods that are popular among GCC and UAE nationals.
- Leasehold properties cannot be purchased outright and must be leased from a national of the United Arab Emirates or the Gulf Cooperation Council.
- In most cases, the places where leasehold properties are available for expat ownership are those that were originally intended to be freehold regions reserved for GCC and UAE nationals only, such as Deira and Dubai Silicon Oasis.
The boundaries of leasehold and freehold lands are defined by the government and are subject to revision.
Types of Apartments in Dubai
The available inventory of flats for sale in Dubai includes a wide range of different possibilities to take into consideration. Whereas tenants often choose from a limited selection of regularly available homes, investors have a greater selection of possibilities when it comes to properties available for purchase, including duplexes, lofts, and penthouse flats, among other options Even though all of these homes are ready to be moved into, investors can also consider looking at off-plan apartments in Dubai.
- When compared to ready homes, the price of these flats is far more cheap, especially considering that the downpayment is significantly smaller than the typical 20% downpayment required on the secondary market.
- Those wishing to make an investment in Dubai apartments have a plethora of possibilities from which to pick.
- The majority of flats in Dubai are equipped with a maid’s room, a laundry room, a terrace or a balcony, as well as a storage space.
- Other facilities available in luxury buildings include rooftop gardens, jogging tracks, sports courts, event rooms, and a variety of other features.
- The designer furniture from labels such as Versace, Fendi, and Armani Casa is included in the price of some of the apartments for sale in Dubai, as well.
Popular Areas to Buy Apartments in Dubai
Apartments for sale in Dubai are available in a variety of price ranges, with certain districts offering a mix of luxury and inexpensive neighborhoods. Luxury flats may be located in a variety of locations, including the Palm Jumeirah, Downtown Dubai, Dubai Marina, The World Islands, Jumeirah Bay Island, and Jumeirah Beach Residence, among others (JBR). Al Mamzar, Dubailand, International City, Liwan, and Town Square are some of the affordable neighborhoods featuring apartments for sale in Dubai.
Sales Trends for Flats in Dubai
AED 160k to AED 2.1M for studio units, with the higher-priced units available in regions like as Palm Jumeirah and The World Islands. AED 2.1M for a one-bedroom apartment. Apartments for sale in Dubai with one bedroom start at AED 239k in areas such as Dubailand and may cost up to AED 6M in areas such as The World Islands. 2 BHK flats in Dubai may be purchased for more than AED 440k in communities such as Liwan and for more than AED 720k in communities such as Dubai Marina. Prices for 3-bedroom Dubai apartments start from AED 680k in Dubai Silicon Oasis and can reach AED 58M in Palm Jumeirah.
The most expensive 4-bedroom apartment for sale in Dubai is AED 37 million in Business Bay. AED 2.1 million to AED 45 million is the price range for 5-bedroom flats in Dubai, with the majority of the properties being located in Downtown Dubai.
ROI for Apartments for Sale in Dubai
For individuals who prefer to invest in the emirate of Dubai, it is well-known for providing attractive rental returns. The best return on investment may be found in regions such as International City, Dubai Silicon Oasis (DSO), and Jumeirah Lake Towers, among others (JLT). International City has a return on investment of 9 percent, DSO has an 8.2 percent rental yield, and JLT has a return on investment of 7.9 percent. All of the Dubai apartments for sale in desirable locations such as Downtown, Dubai Marina, and the Palm Jumeirah have an excellent return on investment (ROI) of over 5.4 percent.
How to Buy an Apartment in Dubai?
When it comes to purchasing an apartment in Dubai, the first step is to conduct a search for the property of your choice. The filters on Bayut assist you in customizing the selection to meet your specific requirements. If you are an expat, you may wonder if you can purchase an apartment in a freehold region. The answer is yes, you may buy flats in freehold zones for people of all nations. Once you have chosen an apartment to invest in and spoken with the seller, the following step is for the buyer and seller to come to an agreement on the terms of the transaction through the signing of a Memorandum of Understanding (MOU) that is signed by both parties to formalize the agreement.
After that, a No Objection Certificate (NOC) from the developer is required, after which the Dubai Land Department (DLD) will transfer title to the buyer.
Costs Associated with Buying an Apartment in Dubai
According to the laws of the Dubai Land Department (DLD), the buyer is required to pay a registration fee equal to 4 percent of the property value for all properties, regardless of whether they are ready for occupancy or off-plan purchases. Additionally, there are administrative costs that can be as high as AED 5k on top of the 4 percent commission. Another expense to consider when purchasing an apartment in Dubai is the fee charged by the real estate agent. Most of the time, you would also engage a broker or real estate agent, and the normal rule for their compensation is 2 percent, however this may be negotiated with your agent.
- Authentication of the legal and financial process of transferring the title deed is accomplished via the use of a title deed.
- In addition to the charges listed above, the VAT rate of 5 percent has been in effect since the implementation of the new tax system in 2018.
- The service costs are charged to the building’s developer, and they are controlled by the DLD in order to safeguard both parties involved.
- to AED 45 per sq.ft., depending on the size of the space.
- Those wanting to purchase an apartment in Dubai should be aware that there is a separate price for district cooling/chiller, which is used to provide air conditioning and cooling to the unit.
This payment is usually taken care of by the property owner, and it is due on a monthly basis. Emicool and Empower are the two most important district cooling providers in Dubai.
Rent and Housing in the UAE: Everything You Need to Know
If you are wondering how to rent a house or apartment in the United Arab Emirates, you should know that it is simple, but the rent costs are high. The United Arab Emirates is well-known for giving competitive salaries, yet a large portion of these earnings is spent on meeting the country’s high cost of living. The average rent in the United Arab Emirates is between 30,000 and 50,000 AED (8,100 and 13,600 USD) a year for a studio apartment, depending on the location. One- and two-bedroom flats are priced between 70,000 and 100,000 AED (about $19,000 and $27,220 USD), depending on the size.
Average Annual Apartment Rent in Abu Dhabi
|Apartment Type||High End Properties||Lower End Properties|
|One-Bedroom Apartment||106,630 AED (29,000 USD)||65,780 AED (17,900 USD)|
|Two-Bedroom Apartment||153,130 AED (41,690 USD)||95,000 AED (25,860 USD)|
|Three-Bedroom Apartment||200,630 AED (54,620 USD)||123,890 AED (33,730 USD)|
Average Annual Apartment Rent in Dubai
|Apartment Type||High End Properties||Lower End Properties|
|One-Bedroom Apartment||96,670 AED (26,320 USD)||56,200 AED (15,300 USD)|
|Two-Bedroom Apartment||140,000 AED (38,115 USD)||79,000 AED (21,510 USD)|
|Three-Bedroom Apartment||190,000 AED (51,725 USD)||105,000 AED (28,585 USD)|
Keep in mind that the most costly emirates in the United Arab Emirates are Abu Dhabi and Dubai.
Average Housing Rent
Some expats prefer to rent a villa or a property in the United Arab Emirates. When renting a property in Dubai, the bare minimum is 193,180 AED (52,590 USD) for a three-bedroom home and 298,640 AED (81,300 USD) for a five-bedroom home. 168,180 AED (45,785 USD) can buy you a three-bedroom property in Abu Dhabi, while 305,910 AED (83,280 USD) will get you a five-bedroom home.
Renting in the UAE as a Foreigner
Rental agreements in the UAE are generally one year in length and are difficult to terminate. Fortunately, housing regulations protect both the landlord and the tenant, so you are not at risk if your landlord decides to terminate your lease early without notice. It is possible to discover apartments that are both furnished and unfurnished. It all boils down to a matter of time and money. A furnished apartment is substantially more expensive than an empty flat, although it is easy to buy moderately priced furniture in stores all throughout the United Arab Emirates.
The vast majority of enterprises in the United Arab Emirates will give accommodation or a housing allowance for its workers.
Rental Process and Rules
Contracts for renting an apartment in the UAE are normally one year in length and are difficult to terminate if necessary. In the unlikely case of a lease break-up by the landlord, you will be protected by housing regulations that benefit both the landlord and the renter. Both furnished and unfurnished apartments are available for rent in this area. Both time and money are factors in making this decision. It is possible to purchase cheaply priced furniture at stores all around the United Arab Emirates, however a furnished apartment will cost substantially more than an empty property.
A housing allowance or a housing allowance will be provided by the vast majority of firms in the United Arab Emirates. Many expats choose to use an agency rather than searching for their own lodgings because of the overwhelming amount of options.
Steps to Finding Accommodation in the UAE
The first step in renting an apartment in the United Arab Emirates is to physically arrive in the country. Many apartments are offered online, but it is recommended that you do not sign a lease until you have had the opportunity to inspect the property in person. Because housing is costly in this area, most leases are for a period of one year. When renting in the UAE, it is crucial to consider factors such as the surrounding traffic and public transit choices, therefore expats are recommended to see homes as soon as they arrive in the country.
Step Two: Look Online
You may start your quest by doing some research on the internet. Even if a property’s photographs appear to be of high quality, it is still advisable to visit the house in person. Traffic in the United Arab Emirates may be intense in many regions, and it is important to examine the situation in person.
Step Three: Hire an Agent
The best way to determine whether or not a place is a good fit for you is to go see it in person. While traffic may be congested in several regions around the UAE, it is preferable to inspect the situation in person.
Step Four: Prepare Your Documents
The following are the most common criteria and supporting documentation for renting:
- A copy of your residence visa
- A marriage certificate that has been confirmed by the UAE Ministry of Foreign Affairs, if you are married
- A job contract or salary certificate
- A bank statement
Step Five: Rental Contract and Deposit
If you are relocating to Dubai or Abu Dhabi, you must register your rental agreements with the local authorities. You should be aware that this may soon become the usual practice in all seven emirates. Expats relocating to the United Arab Emirates should consult with their real estate agent about the unique contract requirements for their chosen emirate before signing anything. The Ejari is the name given to the rental contract in Dubai, whereas the Tawtheeq is the name given to the rental contract in Abu Dhabi.
- This form is filled out by either the property owner or the real estate consultants who are in charge of the property management.
- The ability to bargain down the price has become more common in recent years.
- If you look outside of the major centers, you may be able to discover landlords that accept payments on a month-to-month basis.
- Because of the stormy history of interactions between landlords and renters, rental contracts contain severe penalties if they are breached early.
- Both landlords and tenants will benefit from this arrangement.
The location of your stay in the United Arab Emirates is critical while searching for the appropriate lodging. Transportation on the highways of Abu Dhabi and Dubai is very congested, making trips to and from work difficult.
Even while there are public transit options available, they aren’t as extensive as in other large cities and nations. When looking for a place to live in the United Arab Emirates, these are some things you should ask yourself:
- Each day, how long do you expect it will take you to go to and from work? Am I confident in my ability to drive on big, congested highways? Is it important to me to be close to the beach? Is it important to me to be close to public transportation? Is it possible to sleep through the call to prayer if there is a mosque nearby? (There are five calls to prayer during the day.)
Utilities and Bills Payment
In the United Arab Emirates, utilities are often not included in the rent. They will have to be registered with the appropriate authorities in your emirate. Utilities are estimated to cost between 500 and 600 AED (136 and 163 USD) per month. Keep in mind that your cost will be greater during the hottest months of the year, when air conditioning is required. There are distinct utility providers for Abu Dhabi, Dubai, Sharjah, and the Northern Emirates, among other things. United Arab Emirates water and energy utilities are of the highest quality, and most bills may be paid either online or using a UAE bank account or by visiting a kiosk machine.
Accommodation in the United Arab Emirates requires a significant cost and time investment. A month or two to look for the appropriate apartment could be plenty due to the difficulty of breaking leases these days. If this is the case, you should check into short-term renting options first. Dubai was the first to implement short-term leasing restrictions, doing so in 2015. Tenants and property owners are protected from fraudulent subletting and unlawful renting under the terms of these legislation.
Short-Term Rentals: Average Price
The average price of a short-term rental in the United Arab Emirates might be much more than the average price of a one-year lease, depending on where the accommodation is located. Check if you will be renting during a busy or slow tourist season, or whether you will be renting during a vacation, since this might have an impact on the price.
Short-Term Rentals: What Documents do I Need?
A copy of your passport is all that should be required when renting a short-term rental in the United Arab Emirates (UAE). You may be required to pay a tourist charge, which varies depending on the length of your visit.
Short-Term Rentals: Things to Know
Expats who are going to the desert country on their own might check into shared housing. Please be informed that under Sharia law, unmarried men and women are not permitted to live together, even if they have separate beds in their home. While the practice is typically ignored by authorities when it comes to foreigners and non-Muslims, you should be aware that you are taking a risk by participating. When engaging in this behavior, you run the risk of drawing unwelcome attention to yourself, which might result in significant penalties if you are arrested for another crime.
Apartments for sale in Dubai – Buy Flats
What You Should Know Before Purchasing an Apartment in Dubai Over the course of 48 years, Dubai has grown into one of the world’s most important cities and a significant regional commercial center. Its extensive presence in the tourist, commercial, banking, and real estate sectors of the United Arab Emirates has been widely recognized around the world. Despite the fact that many home-grown firms stand out amid the throng, the country has offered entrepreneurs with a land of potential. Due to the high returns on investment, international, regional, and local investors have flocked to Dubai’s ever-expanding real estate market, which is lured by the high quality of life afforded by the bustling metropolis, as well as its world-class architecture and world-class infrastructure.
- These range from stylish studio apartments in the heart of the city with views of the Burj Khalifa to spacious four-bedroom flats in calmer areas that are ideal for expanding families.
- Whether it is something brand new from the off-plan market where the building is still under construction or an apartment that is ready to move into, you are more likely to get the best price now and a payment plan that works for your budget.
- Dubai is home to some of the most incredible tourist sites on the planet.
- There is something for everyone to enjoy when you relocate to Dubai.
- According to an HSBC poll, the United Arab Emirates placed higher than the United States, the United Kingdom, Hong Kong, and Australia, making it one of the greatest countries in the world to live and do business.
- In fact, it was estimated in 2016 that expatriates make up 85 percent of the population of Dubai.
- Additionally, with the advent of UAE tourist visas that are valid for five years and provide multiple admission into the country when traveling, you may ensure that your family remains close by purchasing a home in the UAE that has enough space to accommodate the entire family.
- Two-thirds of expats think that being in Dubai provides them with more spare income, with 85 percent claiming that this has enabled them to pay off debts and accumulate savings.
- Over the previous 18 months, there has been a decrease in the value of residential property, making flats more affordable.
Many developers now offer simple payment plans, such as rent-to-own schemes, which make owning a brand new apartment a possibility for those who do not have the necessary funds for a down payment on a mortgage, which is typically equal to around 30 percent of the property’s value on the day of purchase.
- There are numerous wonderful communities to pick from around the city – the ideal one for you would be determined mostly by your requirements.
- If, on the other hand, you want a more communal atmosphere, you may check out new developments such as Dubai Hills Estate, Damac Hills, and Townsquare.
- If you have children who attend school, it’s crucial to examine how far away your new house will be from their current location.
- Owning a little or big portion of this future city and establishing a residence there is permissible as long as it meets your basic requirements.
- Any individual of any nationality, whether residing abroad or a resident of the United Arab Emirates, is eligible to acquire a property in Dubai.
- What are the various fees and charges associated with acquiring a property in Dubai?
- In general, the following fees will be charged in connection with the sale and purchase of flats in Dubai: NOC fees – These costs, which can range between AED 500 and AED 5,000, are due to the developer by the sale, who is generally the developer.
The commission paid to a real estate agent is typically 2 percent of the transaction price.
A cost of 0.25 percent of the registered loan amount is charged for mortgage registration fees, which are collected by the Dubai Land Department and remitted to the Dubai Land Department.
A Registration Trustee Appointment charge of AED 4,000 through title deed and AED 5,000 through off-plan must be paid in cash and is payable in advance.
Due to today’s buyer-friendly market and the fact that most developers have created simple payment plans, it’s critical that you select a payment schedule and payment plan that works for you.
Throughout the lease, you will be required to pay rent, and in certain situations, a portion of the money will be placed toward the purchase price.
RTO programs are currently being offered by a small number of developers in Dubai, however schemes in locations like as Dubailand, Motor City, and Jumeirah Village Circle are being promoted for durations of up to 20 years, and many more developers are opening up to similar arrangements.
In the process of looking for a new house, it’s crucial to consider how much it will cost to maintain the property once you’ve purchased it.
Cost of Living in Dubai
|Meal, Inexpensive Restaurant||35.00 AED||20.00-75.00|
|Meal for 2 People, Mid-range Restaurant, Three-course||250.00 AED||150.00-600.00|
|McMeal at McDonalds (or Equivalent Combo Meal)||28.00 AED||25.00-33.00|
|Domestic Beer (1 pint draught)||45.00 AED||25.00-60.00|
|Imported Beer (12 oz small bottle)||45.00 AED||35.00-62.98|
|Cappuccino (regular)||18.94 AED||10.00-30.00|
|Coke/Pepsi (12 oz small bottle)||3.92 AED||2.50-10.00|
|Water (12 oz small bottle)||1.70 AED||1.00-5.00|
|Milk (regular), (1 gallon)||22.28 AED||15.14-37.85|
|Loaf of Fresh White Bread (1 lb)||4.09 AED||2.72-9.07|
|Rice (white), (1 lb)||3.09 AED||1.81-5.67|
|Eggs (regular) (12)||9.57 AED||5.60-14.40|
|Local Cheese (1 lb)||15.37 AED||6.80-36.29|
|Chicken Fillets (1 lb)||10.55 AED||4.54-20.41|
|Beef Round (1 lb) (or Equivalent Back Leg Red Meat)||17.66 AED||9.53-31.75|
|Apples (1 lb)||3.69 AED||1.81-4.99|
|Banana (1 lb)||2.79 AED||2.04-5.44|
|Oranges (1 lb)||2.68 AED||1.36-4.54|
|Tomato (1 lb)||2.17 AED||0.91-3.63|
|Potato (1 lb)||1.61 AED||0.91-2.27|
|Onion (1 lb)||1.37 AED||0.91-2.27|
|Lettuce (1 head)||6.33 AED||3.00-10.00|
|Water (1.5 liter bottle)||2.02 AED||1.29-3.00|
|Bottle of Wine (Mid-Range)||50.00 AED||33.00-150.00|
|Domestic Beer (0.5 liter bottle)||13.30 AED||5.00-25.00|
|Imported Beer (12 oz small bottle)||22.29 AED||8.00-45.00|
|Cigarettes 20 Pack (Marlboro)||22.00 AED||20.00-25.00|
|One-way Ticket (Local Transport)||5.00 AED||3.00-8.00|
|Monthly Pass (Regular Price)||300.00 AED||200.00-350.00|
|Taxi Start (Normal Tariff)||12.00 AED||6.00-15.00|
|Taxi 1 mile (Normal Tariff)||3.98 AED||2.98-8.05|
|Taxi 1hour Waiting (Normal Tariff)||30.00 AED||24.83-50.00|
|Gasoline (1 gallon)||9.36 AED||7.57-10.60|
|Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)||89,000.00 AED||75,000.00-116,500.00|
|Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)||72,085.45 AED||65,000.00-80,000.00|
|Basic (Electricity, Heating, Cooling, Water, Garbage) for 915 sq ft Apartment||720.98 AED||450.00-1,172.41|
|1 min. of Prepaid Mobile Tariff Local (No Discounts or Plans)||0.45 AED||0.30-0.77|
|Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)||356.17 AED||250.00-450.00|
|Sports And Leisure||Edit|
|Fitness Club, Monthly Fee for 1 Adult||269.09 AED||100.00-500.00|
|Tennis Court Rent (1 Hour on Weekend)||126.29 AED||50.00-200.00|
|Cinema, International Release, 1 Seat||40.00 AED||35.00-60.00|
|Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child||2,733.33 AED||1,200.00-4,000.00|
|International Primary School, Yearly for 1 Child||48,232.56 AED||25,000.00-73,428.71|
|Clothing And Shoes||Edit|
|1 Pair of Jeans (Levis 501 Or Similar)||235.04 AED||80.00-400.00|
|1 Summer Dress in a Chain Store (Zara, H M,.)||215.05 AED||80.00-300.00|
|1 Pair of Nike Running Shoes (Mid-Range)||336.08 AED||190.00-500.00|
|1 Pair of Men Leather Business Shoes||331.72 AED||150.00-650.00|
|Rent Per Month||Edit|
|Apartment (1 bedroom) in City Centre||5,215.36 AED||3,500.00-9,000.00|
|Apartment (1 bedroom) Outside of Centre||3,357.16 AED||2,500.00-5,500.00|
|Apartment (3 bedrooms) in City Centre||10,119.35 AED||7,000.00-20,000.00|
|Apartment (3 bedrooms) Outside of Centre||6,933.26 AED||5,000.00-15,000.00|
|Buy Apartment Price||Edit|
|Price per Square Feet to Buy Apartment in City Centre||1,257.83 AED||749.99-2,322.56|
|Price per Square Feet to Buy Apartment Outside of Centre||802.05 AED||600.00-1,300.63|
|Salaries And Financing||Edit|
|Average Monthly Net Salary (After Tax)||12,401.80 AED|
|Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate||3.85||2.50-6.00|
30 Best Apartments for Sale in Dubai, United Arab Emirates – FazWaz.ae
1st€319,825 based on 5 reviews2nd€153,373 based on 3 reviews3 rd€368,571 based on 3 reviews based on 3 customer reviews 4 th171,207 th€ based on 3 customer reviews Only 5 of 1458 apartment projects in Dubai are displayed. 5 th€118,894 From3 reviewsOnly 5 of 1458 apartment projects in Dubai are displayed. The information on project ratings is derived from feedback from verified residents and visitors to specific developments. 1st place: €380,460 based on 3 reviews2nd€511,244 2 reviews3 rd€146,688 based on 2 reviews based on 2 reviews 4 th €207,826 (fourth) based on 2 reviews 5 th€261,778 th€261,778 th€261,778 th€261,778 th Only 5 out of 1458 apartment developments in Dubai are being displayed based on 2 reviews.
1 st€511,244 based on 2 reviews2 nd€237,788 based on 2 reviews From 3 reviews3 rd€417,080 was generated.
The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
€209,253 based on 3 reviews2nd€153,373 based on 3 reviews3 rd171,207 based on 3 customer reviews 4 th€118,894 based on three reviews 5 th €138,630 th th th th th th th th th th th th th th th th dh th th th th th th th th Only 5 out of 1458 apartment developments in Dubai are being displayed based on 3 reviews.
- 1 st€415,653 based on 3 reviews2 nd€166,451 based on 2 reviews From3 reviews3 rd€511,244 From2 reviews3 rd€511,244 From3 reviews 4 th€297,235 from 2 reviews 4 th€297,235 from 2 reviews Only 5 of 1458 apartment projects in Dubai are displayed.
- The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
- The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
- 4 th€297,235 th€297,235 th based on 2 reviews Only 5 of 1458 apartment projects in Dubai are displayed.
5 th€246,824 From2 reviewsOnly displaying 5 of 1458 apartment projects in Dubai. The information on project ratings is derived from feedback from verified residents and visitors to specific developments.
What You Need to Know About Dubai
Aiming to be the business capital of the Middle East, Dubai is located on the eastern coast of the Arabian Peninsula, on the Persian Gulf. It is the world’s most populous city. It also acts as a key international transit center for passengers and freight, both domestically and internationally. Oil revenues aided the city’s growth, which was already an important commerce center, by allowing it to expand. Dubai is the most well-known city in the United Arab Emirates and the capital of the Emirate of Dubai.
- In the early twenty-first century, the city saw rapid growth, transitioning from a small fishing hamlet to a cosmopolitan metropolis with a strong concentration on tourism and hospitality industries.
- Since the beginning of the twentieth century, it has operated as a regional and international commercial center of importance.
- The temperature is roughly 35 degrees Celsius on average during the day.
- The temperature might exceed 50 degrees Celsius, resulting in an excessively hot and humid environment to deal with.
- In Dubai, the United Arab Emirates Dirham is the official currency (AED).
- Among the world’s most popular tourist destinations, Dubai is home to the second-highest concentration of five-star hotels after Hong Kong.
- English, on the other hand, is widely spoken across the city, although Arabic is the official language of the country.
Dubai Real Estate Trends
Trends and average prices in the Dubai apartment market might help you learn more about the industry.
How affordable is it to live in Dubai?
Dubai is located in the Arabian Desert, in the middle of the country. But the topography of Dubai is very different from that of the UAE’s southern region in that much of Dubai’s environment is characterized by sandy desert patterns, whereas gravel deserts predominate in much of the country’s southern region. Besides manufacturing, Dubai is a popular location for service sectors such as information technology and finance, thanks to the presence of industry-specific free zones around the city.
- The major draw for tourists to Dubai is shopping, yet the city also has historical and contemporary things to offer.
- In Dubai alone, there are around 70 commercial malls, including Dubai Mall, which is the world’s largest shopping mall.
- As a result, it is one of the most popular tourist destinations in the city.
- As well as acting as a gateway to the Burj Khalifa and The Dubai Aquarium, The Dubai Mall is also the city’s most important retail attraction.
- Dubai’s officials intended to expand the city’s limited seafronts, so they persuaded developers to construct enormous man-made islands off the city’s shoreline to accomplish this.
When viewed from above, the Globe Islands, for example, are a cluster of small islands that are organized in a manner that resembles a world map. It is often recognized as one of the most distinctive spots in the entire city.
Types of Apartment in Dubai
The Dubai real estate market offers a diverse selection of property kinds from which to choose. Apartments, villas, and townhouses are just a few of the several types of real estate available for purchase in Dubai. Those traits can be divided into a number of different categories. In Dubai, there are two types of lodgings that are very popular: hotels and serviced flats. The entire tenancy procedure is overseen by a reputable hotel management staff you can rely on. In Dubai, multi-story houses such as duplexes and triplexes are available, albeit they are not very popular.
- Compact studio apartments are one of the most cost-effective solutions for first-time homeowners who want to live alone.
- Studio apartments are a fantastic investment since they have a high yearly rental yield on the rental market and are easy to find.
- At the Capital Bay Tower A, the starting price for a studio apartment is roughly AED 430,000, which is an acceptable price for such a little area.
- The price of a one-bedroom apartment for sale in the business sector may rise as a result of the increasing demand.
- A one-bedroom apartment in this location is available for purchase for a reasonable price of AED 930,000.
- It is one of the city’s most major residential complexes, located in Dubai Creek Harbour, and it is known as the 17 Icon Bay.
What is the average price of a Apartment in Dubai?
Apartment SizeAvg. PriceStudio(View 1,731 ApartmentsFlats) €207,0001 Apartment SizeAvg. PriceStudio(View 1,731 ApartmentsFlats) €207,0001 The average price of a bedroom in Dublin is €299,000. The average price of a bedroom in Dublin is €553,000. The average price of a bedroom in Dublin is €1,040,000. The average price of a bedroom in Dublin is €3,230,000.
Lifestyle Factors in Dubai
Traditionally, Arab culture serves as the foundation for the culture of the United Arab Emirates. The architecture, music, clothing, food, and way of life in the city have all been affected by Arab and Islamic culture in some way. Five times a day, the minarets of mosques strewn over the land call Muslims to prayer. Dubai is regarded as one of the world’s premier destinations for high-end living. Singles, families, and even retirees will find the city to be a warm and inviting location. Dubai Marina is a must-see for everyone who wishes to become completely immersed in the Dubai lifestyle and culture.
- Buyers interested in living in the expensive Downtown Dubai are attracted to the area by the ultra-modern lifestyle, skyscrapers, and world-class retailing and dining options.
- It is impossible to become bored when visiting this site because there are several entertainment options available in the immediate region.
- Children from both the local and expat communities benefit from the world-class education provided by international schools and educational institutes.
- Clubs and bars are typically located in hotels due to the restrictions on serving alcoholic beverages.
A varied selection of foreign cuisines are available in the city, despite its reputation for producing some of the world’s greatest seafood.
Top Reasons to Invest in Dubai
International homeowners who make investments in the United Arab Emirates are most concerned about their safety, and Dubai is towards the top of the list in terms of well-being and security for international homeowners. The purchase of a residence valued at least AED 1 million by a foreigner qualifies them to apply for a resident visa in the United Arab Emirates. Because the country’s economic development and expansion are accelerating, now is a wonderful moment to make investments in real estate and other forms of property.
As a city that is continually expanding and developing, Dubai is a fantastic spot to make an investment in land or residential properties.
By the time it hosts Expo 2020, Dubai aspires to have transformed the city into an inclusive, barrier-free, and disabled-friendly destination for everyone.
Dubai has the potential to become a world-renowned tourist destination in the near future.
What are the top 5 reasons to invest in Dubai apartments?
Over the last ten years, the Dubai real estate market has undergone significant transformation and evolution, with a number of ups and downs, as well as new regulations that will make transactions safer and more seamless for all parties involved. Here are five of the most compelling reasons to invest in Dubai apartment buildings: –
- Improving Infrastructure – Dubai is constantly evolving and improving their infrastructure to accommodate the growing population that flocks to the city each year. From the roads to the malls, to the residential or commercial spaces, there’s always something new to see. The airport is expanding, with over 1000 planes arriving daily, making it convenient for travelers of all sorts to get to and from the airport. The Dubai government and many private organizations have established Dubai as one of the leaders in health care and health facilities as a result of a significant investment in overall infrastructure, combined with efforts to attract and retain the best doctors. Many hospitals have received the highest accreditation available as a result of their service and high-quality care. This has played a significant role in motivating investors and retirees alike
- Beaches, breathtaking views, and even more beaches – Dubai is home to some of the best beaches in the world, some of which are naturally formed, while others are man-made, but all of which are very enjoyable places to soak up the sun and relax on your weekends or holidays in the city. With a large number of projects and developments offering sea views and beach access, they are an excellent investment that provides excellent capital returns from the rental earnings that are generated. Because of the expansion of Dubai International Airport to accommodate the 120 million passengers expected by 2025, more business travelers, tourists, and locals will be able to travel in and out of Dubai and the UAE in greater numbers. This draws more investment as a whole, which in turn helps the local market and facilities flourish as a result. Return on Investment (ROI) in terms of rentals – Within the category of Dubai apartments, they provide some of the best ROI in terms of rental returns on both short and long-term contracts, with some owners earning up to 10-12 percent a year on their investments. Some projects even offer fixed guaranteed returns of 5 percent or higher, as well as full property management, making them a truly hassle-free investment. As an investor, you simply put your money in and wait for the yearly payment, with no need to be involved in the day-to-day operations of the project. In terms of capital appreciation, some owners have purchased and experienced a nearly 20-30 percent increase in capital as a result of the growing population in Dubai, which helps to ensure that the city is a safe and great place to invest.
Cost of living in Dubai: Your guide
The cost of living in Dubai as an expat is important to understand whether you’re planning on retiring, temporarily transferring, or making a permanent move to the country. Compared to other cities, Dubai has an extremely high level of life. In reality, the possibility to live comfortably in a fascinating location is precisely why many foreigners want to relocate there. However, this does not come at a low cost. For visitors, Dubai has been branded the most expensive city in the world to visit, but what are the expenses of actually living there as an expat?
How expensive is Dubai in comparison to the UK, the EU, the USA and Australia?
The dirham is the currency used in Dubai and the United Arab Emirates as its official currency (written as AED – Arab Emirate Dirham – on currency exchanges). It is possible to figure out the precise worth of your money in AED by utilizing an online currency converter, however the following is a general guide:
- 1000 USD is worth 3,673 AED
- 1000 GBP is worth 4,692 AED
- 1000 EUR is worth 4,105 AED
- And 1000 AUD is worth 2,794 AED.
|Comparing basic cost of living||One bedroom flat in city centre (monthly rent)||Lunch for two (Three courses, mid range restaurant)||Transportation (monthly pass)|
|Dubai||7,324 AED||150 AED||250 AED|
|London, UK||7,847 AED||255 AED||607 AED|
|New York City, USA||10,938 AED||275 AED||430 AED|
|Berlin, Germany||3,023 AED||164 AED||331 AED|
|Sydney, Australia||7,187 AED||222 AED||444 AED|
One significant expenditure for expats in Dubai is the cost of transferring funds from your native currency to the UAE dirham (AED). Even though your bank advertises that it provides fee-free money exchange, you can be certain that the bank’s cut is reflected in the exchange rate it employs. For the greatest value, you should use an exchange service such asWise, which uses the same mid-market rate that you can see on Google and Reuters to calculate your exchange rate.
In terms of speed and inexpensive flat costs, Wise is a far better option than using your own bank to transfer your funds.
What are the general living expenses for Dubai? How much can you get by on?
The neighborhood in which you select to reside is one of the most important variables deciding how costly living in Dubai will be for you in the long run. Rental costs in Dubai are rather expensive, but if you live outside of the city, you may rent for far less money.
|Living expenses in Dubai (excluding rent)||Average cost|
|Single person, per month||AED 3,190|
|Single person, per year||AED 38,280|
|University student, per month||AED 2,055|
|Four person family, per month||AED 11,137|
|Four person family, per year||AED 133,644|
What are the average salaries for Dubai?
Salaries in Dubai are generally considered to be rather high. Additionally, they do very well in highly specialized and in-demand occupations. As a user experience designer or mobile developer, Dubai is one of the greatest cities in the world to earn a good living and earn a good pay. In addition, it is the city with the highest-paid research scientists and office managers in the country. However, the remuneration for more administrative or entry-level roles is not as great as it is for higher-level ones.
|Salary averages for Dubai||Average salary|
|Financial analyst||AED 175,421|
|Graphic designer||AED 140,007|
|Mobile developer||AED 381,643|
|Product manager||AED 277,744|
|Software engineer||AED 178,521|
|Web developer||AED 111,509|
How expensive is housing and accommodation in Dubai?
Dubai has a highly well-developed rental market, which means you can find almost any type of accommodation you could possibly desire. Even while prices in the city center and in elite expat neighborhoods outside of the center are quite high, if you don’t mind making an extra commute, you may still find more cheaply priced accommodations. Check out our handy guide to renting in Dubai for more information on how much it can cost you.
|Renting in Dubai||Average monthly cost|
|One bedroom apartment (city centre)||AED 7,345|
|One bedroom apartment (outside of city centre)||AED 5,043|
|Three bedroom family home (city centre)||AED 14,442|
|Three bedroom family home (outside of city centre)||AED 10,100|
|Utilities (gas, electric and water for a 85m2 apartment)||AED 619|
What about healthcare and dental costs in Dubai?
The healthcare system in Dubai, as well as the rest of the United Arab Emirates, is excellent. The UAE may allow expats to apply for a health card that enables them to some free medical treatment, but it is always preferable to get private health insurance to ensure that you are protected in the case of an accident or illness.
|Healthcare service||Average cost to you|
|Family doctor check-up (no insurance)||AED 274|
|Cold medicine for six days||AED 20|
|Antibiotic prescription (no insurance)||AED 96|
How much is travel and transportation in Dubai?
Because the United Arab Emirates is a country made famous by oil, it should come as no surprise that driving here is quite inexpensive. Due to the high volume of traffic in Dubai, taking public transit may be your best option if you have a regular commute.
|Transportation and vehicle prices for Dubai||Average cost|
|Gasoline (One litre / 0.25 gallon)||AED 1.81|
|Monthly bus/transport pass||AED 250|
|Bus ticket, single use||AED 5|
|Taxi tariff, 8km/5mile journey||AED 31|
|Toyota Corolla, new||AED 65,062|
|VW Golf, new||AED 70,000|
How much does education cost?
With such a large number of expats living in Dubai, there are several outstanding schools that cater to students from a variety of various educational backgrounds. For example, you may enroll your child in an international school that follows the International Baccalaureate program or a school that follows the curriculum offered in your native country. Anything that might be beneficial to your family is likely to be available in Dubai.
|Preschool / kindergarten (monthly fee)||AED 2,882|
|Private school for lower grades||AED 40,818|
|Dubai university tuition (undergraduate, one year)||AED 243,600|
|British University of Dubai tuition (MBA, one year)||AED 70,000|
The UAE is a fantastic expat location, whether you’re wanting to settle down for the long haul or just want to spend a year or two discovering a new place. It has world-class facilities and a world-class lifestyle to offer, and although the cost of living is quite costly, the experiences you may have here will be really unforgettable. Wishing you the best of luck in your new life in Dubai!