Property Investments in the UAE – Cities
Becoming a homeowner in Dubai allows you to personally witness the rapid development of infrastructure and benefit from it. Property prices vary depending on the area. For example, you can purchase a one-bedroom apartment with an area of 70 m² in a conveniently located area for 1.2 million dirhams (slightly more than 300,000 euros).
Abu Dhabi, the capital and largest emirate of the United Arab Emirates, is a cultural and financial center known for its beautiful mosques, palaces, and luxurious shopping centers. Abu Dhabi has many museums, theaters, and art galleries. Buying property in Abu Dhabi attracts those who value prestige and a comfortable life, who appreciate luxurious apartments, seaside villas, and exclusive residential complexes. Abu Dhabi pays great attention to infrastructure development, making the emirate a promising place for investors.
Ajman and its administrative center are an ideal place for doing business, as they are a free economic zone. Here, there is a favorable tax policy, and there is an opportunity to take advantage of various privileges. Property in Ajman offers the best price-quality ratio, it is accessible, operating costs are lower with equally good infrastructure, and the distance to international airports and ports is short. New buildings in Ajman are attractive for people with passive income, retirees, and freelancers.
Ras Al Khaimah, located north of Dubai, offers a different experience. It is an area with beautiful Hajjar mountains, charming beaches, and wild nature reserves. The city is known for its rich history and culture. The highest peak in the UAE, Jebel Jais, attracts climbers and tourists. Investing in property in Ras Al Khaimah is an opportunity to lead a peaceful life surrounded by nature. The emirate offers favorable tax conditions for foreign investors.
Fujairah has earned a reputation as the most picturesque of all the emirates in the UAE. This place is attractive due to its beauty – wide beaches against the backdrop of mountains, crystal-clear waters of the Gulf of Oman, and sights worth seeing. It is the perfect place for a peaceful life amid beautiful nature without large crowds of people.
Sharjah is the third-largest city in terms of area and population in the United Arab Emirates. It is located south of Dubai. Sharjah has the largest number of monuments of Arab culture. The artificially created lagoon, wide sandy beaches, and high-class new buildings act like a magnet, attracting migrants to this region.
Types of Real Estate in the UAE
Depending on your investment goals and budget, at Alira Real Estate agency, you can buy overseas property in the UAE of several types:
- Apartments and Flats. Residential complexes are closed arrays consisting of multi-apartment buildings. Their territory is protected and accessible only to residents. These are multi-story buildings with spacious courtyards and amenities for residents. Privacy and comfortable living are fully provided. The website lists the cost of housing in the UAE, whether it’s studios, one-bedroom, five-bedroom apartments, affordable options, or seaside properties.
- Villas are an alternative for those who prefer seclusion. Although, as a rule, they are located close to each other and face the same street, they do not have common walls. In addition, villas always have a large territory where you can have a garden, a pool, gazebos, and utility buildings.
- Penthouses occupy part of the top floors of buildings. This is one of the most luxurious types of real estate with breathtaking views from the windows. Almost every penthouse in the UAE has panoramic glazing, often done around the perimeter.
- Townhouses. These are low-rise residential complexes with separate entrances. Although townhouses have a common siding and roof, each house has its own small area for a driveway, garden, or barbecue area. The real estate market in the UAE counts about 12,000 townhouses located throughout the country, including Dubai, Abu Dhabi, Sharjah, Ras Al Khaimah, and Ajman.
- Commercial Real Estate. An important sector of employment for the international workforce. Offices, hotels, and hotel rooms become more attractive for real estate investors as the UAE strives to become a world-class destination.
Real Estate Prices in the UAE
Depending on the area and accompanying living conditions, real estate prices in the UAE are formed. The average price per square meter in the center of Dubai is 15,908 dirhams, outside the center – 9,816 dirhams. You can buy a one-bedroom apartment of about 70 m² in a good area for 1.2 million dirhams. Of course, the closer the property is to the center, the higher the cost. Prices can reach 6.8 million dirhams for an elite studio apartment.
Real estate in the UAE is sold by both developer’s companies and owners on the secondary market.
When buying real estate on the secondary market in Dubai, the client must pay a 10% deposit after signing the protocol, obtaining consent, and meeting at the Land Department, where the ownership right is officially transferred. In addition, there is a broker’s commission – 2% of the purchase price. When selecting UAE property for sale from a developer, this commission is not charged.
There are also transfer surcharges for administrative fees. Each transaction is individual, and we provide information to clients at the start of our work.
