2024-05-20 12:04 en

Where to buy a flat in Dubai in 2024: districts, prices and investment potential

Many customers are wondering: ‘Where is the best place to buy a flat in new buildings in Dubai?’. We have done everything for you: we opened a map of Dubai with districts and selected the best in the centre (and not only!) We tell you where to buy a housing in Dubai in 2024. We also give you the price in dollars, recommend inexpensive flats and highlight the pros and cons of popular communities.

An overview of the best districts in Dubai

Dubai is divided into several district, each of which has its own advantages. If you're buying a home to rent out for short or long term rentals, choose a property in the centre. Tourists like to rent apartments near the main attractions, so housing in the ‘heart’ of Dubai is the best solution for future investments. For independent living in Dubai, it is better to choose a property near the sea or in a green family district.

Dubai Marina

Dubai Marina is considered one of the most well developed and prestigious community. It is attractive not only to tourists, but also to investors, because the approximate ROI percentage is up to 6.4% per year. The main attraction of the district is the yacht harbour — marina. There are many places for hiking, beautiful photo zones and trendy restaurants. Another plus for potential investors will be good transport accessibility. If you look at the map of Dubai with districts, you will see that from Dubai Marina it is easy to get to other popular places of the emirate.

Flats in Dubai Marina

Property prices here are high, so if you want to invest your capital wisely, buy an off-plan apartment. The finished flat can then be resold at a higher price, rented out or live in it yourself.

You can buy a flat in a new building in Dubai Marina in Liv Residence. Price for a two-bedroom flat in dollars - $898,348.

Jumeirah Palm

This district has been attracting the attention of successful investors for many years, as it is here that everyone can feel themselves living in a world of luxury and wealth.

However, despite the variety of offers, the area is more specialised in elite real estate. The main factors that make Palm Jumeirah so attractive:

a convenient location that allows for comfortable access to the city centre districts;
a variety of tourist attractions within walking distance;
numerous amenities that create a unique atmosphere.

And investors love this community for other (but also significant!) reasons:

the price of property here is steadily increasing every year, making resale of housing very profitable.
high yield from rental property, providing additional financial opportunities.

The main infrastructure of the artificial island lies in the hotels: they have restaurants, shopping centres and fitness clubs.

Dubai apartments on Palm Jumeirah

The man-made island of Palm Jumeirah is home to some of the most elite apartments in Dubai. Of course, they are also expensive. The average price of a property in the area is around $947,352.

You can buy an apartment on an artificial island in the Como Residences development. The price of a three-bedroom apartment in dollars is $14,408,429.

JVC

A rapidly developing district that has been an attractive place to live and invest for several years. Its transport links make it easily accessible to other key locations in the emirate. This area is preferred by young couples and families with children. JVC has a well-developed infrastructure with parks with playgrounds, supermarkets, medical centres and cafes.

Housing is available in a variety of price ranges, but comfortable apartments are in high demand. The average price in dollars for such a property will be around $160,653.

Downtown

The district is considered one of the most prestigious places in the city. There will be no empty apartments in the Downtown area for months without finding its tenants. Tourists coming to Dubai to celebrate New Year's Eve are willing to pay a lot for apartments with views of the Burj Khalifa and fireworks. In summer, many also seek to rent property in the heart of events.

Downtown is built around the Burj Khalifa, there are many restaurants, shops and a large shopping centre, Dubai Mall. This area is rarely recommended for families with children because there are no schools or kindergartens. However, buying a flat in Downtown as an investment is a tempting idea.

The average price in dollars for a property in the Downtown area is $353,982.

Dubai apartments near attractions

One of the most frequently asked questions from clients when purchasing property 'What area to find flats in Dubai near the Burj Khalifa?'. It's easy to see why! There's nothing better than waking up with a view of the famous tower.

You can buy a flat near Burj Khalifa in Volta high-rise complex. The price for a one-bedroom flat in dollars - from $679,571.

Apartments in Dubai near the sea

Property in Dubai by the sea has its obvious advantages. It is convenient to live in such an apartment independently or to rent it out during the high season. First of all, the owner or tenant of a property by the sea does not have to spend extra time on the road. There is usually a good infrastructure and well-maintained green areas around the residential complexes near the sea. Another undeniable plus is the panoramic sea views from the windows.

You can buy a new build apartment in Dubai by the sea at Cape Hayat Residential Complex from $425,276.
The price of a one bedroom apartment in Seapoint Residential Complex in dollars is $988,318.

Where to buy an apartment in Dubai inexpensively

Deira

The Deira district is the real old Dubai: you can even find historical buildings if you want to. The main advantage of Deira is the lack of problems with public transport. The district is very densely populated, which is why there are about a dozen metro stations within its boundaries.

The main chip of the district is a great development of trade. All lovers of budget shopping come here in search of famous markets. It also has its own beach.

In the past, Deira was the centre of all business life in Dubai, but now it is mainly chosen by expats to live with their families and visitors. Over the years, they have managed to bring their culture, customs and infrastructure with them. As a result, this community is very different from the Dubai everyone is used to. However, many people find it very authentic and buy property here. It may not be the best investment for resale, but it will definitely rent out without any problems.

A cheap flat in Dubai's Deira neighbourhood will cost around $54,458.

Conclusion

Summary for those who prefer to look for residential property in the centre of Dubai:

Buying a new apartment in Dubai can be for independent living as well as an investment;
Property in Dubai can be bought quite inexpensively, for example in the Deira area. However, it also has its disadvantages;
Luxury property in Dubai is more likely to be found in areas such as Dubai Marina or Palm Jumeirah;
JVC district is ideal for families with children. Downtown for shopping and entertainment lovers.
The cost of property in Dubai is constantly rising, so buying an apartment is a good investment for the future.

You can buy an apartment in Dubai in our real estate agency. Just leave a request and get a free consultation. And as a gift, we will send you a catalogue of our top projects.