FAQ
How much does it cost to live in Dubai?
Living in Dubai can be expensive but it depends on your lifestyle. If you rent a place in areas like Downtown Dubai or Dubai Marina (developed by Emaar), expect to pay higher rents, around AED 100,000 a year or more for a one-bedroom apartment. For groceries, utilities and other costs, you’ll need another AED 2,000 to AED 4,000 a month. But if you choose more affordable areas like Al Furjan (where Azizi has projects), you can bring down your monthly living costs to AED 10,000–15,000.
Where to buy property in Dubai?
Dubai offers a wide variety of areas to buy property and each area is developed by different top companies. Emaar has popular spots like Downtown Dubai and Dubai Marina, which are great for high end living. Nakheel is known for Palm Jumeirah, offering luxury beachfront properties. For more affordable options, Azizi has projects in Al Furjan and Sobha’s Sobha Hartland in Mohammed Bin Rashid City offers elegant homes in a quieter setting. The choice really depends on what lifestyle you’re looking for and your budget.
How to buy Off-Plan property in Dubai?
To buy off-plan property in Dubai, start by selecting a trusted developer like Emaar, Azizi or Sobha. Developers showcase upcoming projects where you can see floor plans and layouts. Once you choose a property, you’ll sign a sales agreement and make an initial deposit (usually 10–20%). Payments are typically made in installments based on construction milestones. The Dubai Land Department oversees these deals, ensuring your investment is protected so you can feel secure throughout the process.
Can foreigners buy property in Dubai?
Yes, foreigners can buy property in Dubai in designated freehold areas. Developers like Emaar and Nakheel have built projects in places like Dubai Marina, Downtown Dubai and Palm Jumeirah, where non-residents can own properties. Freehold properties give you full ownership, which means you can rent, sell or live in the property as you wish, making it an appealing option for long-term investment.
Is it worth buying a property in Dubai?
Buying property in Dubai is often considered a good investment. Developers like Emaar, DAMAC and Sobha build properties in prime locations that tend to appreciate in value. The rental market is strong, with yields higher than in many other global cities and there’s no property tax. Dubai’s infrastructure is world-class, and with large-scale developments and government initiatives, the real estate market continues to grow. Overall, if you’re looking for a stable, long-term investment, Dubai’s real estate is worth considering.
How to buy an apartment in Dubai?
Buying an apartment in Dubai is quite straightforward. Start by checking out properties from big developers like Emaar, Meraas, DAMAC or Nakheel. You can find both ready to move in properties or off-plan (under-construction) ones. Once you’ve chosen a property, you’ll sign a sales agreement and pay a deposit (usually 10–20%). Financing options like home loans are also available if needed. After all the paperwork is done and the money is transferred, the property is registered under your name with the Dubai Land Department (DLD).
What Is Off-Plan property in Dubai?
Off-plan property is when you buy a property that’s still under construction. Developers like Emaar, DAMAC and Sobha offer these kinds of deals, often at lower prices than ready properties. The benefit is that you can get a good deal if the market value increases by the time the building is finished. Plus, many developers offer flexible payment plans, making off-plan a popular option for investors and first-time buyers.
Why invest in real estate in Dubai?
Dubai’s real estate market offers many benefits. Rental returns are high, ranging from 5–8% annually, making it attractive for investors. Plus, there’s no property tax so what you earn is yours. Developers like Emaar, Nakheel and DAMAC offer high-quality developments in prime locations, which are in demand for both renting and living. Dubai’s stable economy and strategic location as a global hub also boost the value of real estate investments here, especially with ongoing projects like Expo 2020.
Are properties in Dubai affordable?
The affordability of property in Dubai depends on the area and developer. High-end areas like Palm Jumeirah or Downtown Dubai, where Nakheel and Emaar have projects, can be pricey with apartments starting from AED 1 million or more. However, more affordable properties are available in areas like Al Furjan (by Azizi) or Jumeirah Village Circle (JVC), where prices are lower, starting around AED 500,000 for a one-bedroom apartment. Many developers also offer payment plans, which can make buying property more affordable.
How much is an apartment in Dubai?
Apartment prices in Dubai vary widely based on location and developer. A one-bedroom apartment in Downtown Dubai (Emaar) or Palm Jumeirah (Nakheel) can cost between AED 1.2 million and AED 2 million. In more affordable areas like Al Furjan or Meydan (developed by Azizi), you can find one-bedroom apartments for as low as AED 500,000. Premium projects from developers like Sobha or DAMAC in areas like Business Bay or Mohammed Bin Rashid City are usually priced higher due to their luxury features and prime locations.