Residential real estate in Dubai is currently at the peak of popularity. Thanks to its mild climate, rich cultural heritage, and solid investment potential, apartments and flats in the emirate are in high demand among buyers. They are chosen for temporary residence, as permanent homes when moving, or as profitable investment opportunities.
Benefits of Buying Property in Dubai
Purchasing property in Dubai is a reliable and profitable way to invest capital. The UAE is considered a country with a stable economy and a high level of safety, which attracts foreign investors. Why you should buy property in Dubai:
- The possibility of obtaining a residency visa – allows you to permanently reside in the UAE, open bank accounts, receive medical services, and other privileges.
- High return on investment – ensured by the constant growth in property prices.
- No property taxes – owners only need to pay for property maintenance.
- High rental income – up to 5%, and in certain areas up to 7-8% annually. By carefully studying Dubai real estate listings on our Dubai, you can find properties that will pay off both in short-term and long-term rentals.
- Freehold zones – provide the opportunity for foreigners to purchase property with full ownership rights, including the land on which the property is located.
Popular Areas for Buying Property
Alira Real Estate agency assists in selecting real estate in Dubai in any area. The following areas are popular for purchasing property in Dubai:
- Business Bay – the largest business center in the city on the banks of the Dubai Water Canal. It features premium residential properties that attract tourists, office workers, and businessmen. ROI for renting apartments here reaches 5.7%.
- Dubai Marina – a prestigious area on the shore of the Arabian Gulf. It covers an area of about 5 sq. km and is filled with hotels, skyscrapers, and luxury resorts. Real estate here is predominantly purchased by young couples without children or active individuals who want to live in an atmosphere of vibrant entertainment.
- Downtown Dubai – the cultural and tourist center of the city with prestigious restaurants, expensive boutiques, and landmarks. Suitable for tenants and foreign professionals looking for housing near major business hubs. If you’re considering settling down in this vibrant area, explore the diverse property in Dubai for purchase options available to find your ideal home.
- Dubai Hills – a fashionable suburb with a peaceful atmosphere and premium residential properties. It consists of several clusters – in the western part, there are mansions with golf courses, while the eastern side features more economical townhouses and villas.
- Palm Jumeirah – a prestigious place to live among the waters of the Arabian Gulf. It consists of a group of artificial islands shaped like a palm tree. Some islands are occupied by luxury hotels, while others contain villas and townhouses for private living. Dubai property for sale options offer the opportunity to choose housing on Palm Jumeirah based on preferences – on quiet islands or in more bustling tourist locations.
- JVC (Jumeirah Village Circle) – an elite Freehold zone in the heart of the metropolis. Considered one of the best places for family living, offering buyers a wide selection of townhouses, apartments, and villas.
- Burj Khalifa – the famous skyscraper where you can buy luxurious apartments or flats. Buying property in the building is attractive to both tenants and foreign citizens planning to settle in the heart of Dubai.
- Dubai Harbor – a commercial district on the coast of Dubai Creek, which will become a competitor to Downtown Dubai in the future. Here, you can buy apartments or flats in luxury skyscrapers along the beaches.
- Emaar Beachfront – a young elite area near Dubai Marina. Modern residential complexes are being built here. In the complexes, you can buy apartments, villas, townhouses, and penthouses. Each new building has its own beach.
- Arabian Ranches – a community in the Dubailand area, consisting of villas and spacious townhouses. When contacting our real estate agency in Dubai, you will find housing for a peaceful family life in this community
- Sobha Hartland – a new prestigious area not far from the central part of the city. Located on the canal coast, it allows you to settle in luxurious residential complexes near developed social infrastructure.
- Damac Lagoons – a new community in the Dubai Golf City area. It has been under construction since 2021 and offers luxurious villas and townhouses for sale. Suitable for families with children who want to live away from noisy tourist quarters.
- Damac Hills – a large community with premium infrastructure. It includes villas, apartments, and townhouses chosen by supporters of a quiet, measured life.
- Dubai South – a young developing area where since 2006, medium-rise apartment buildings have been actively constructed. Several closed communities with townhouses, detached, or semi-detached villas are located here.
