In Dubai, the quest for real estate is a national sport. But where exactly are the best properties located? And how to spot the elusive hidden treasure? Throughout this article, we will present everything you need to know about Dubai's most coveted real estate areas.
In the first three months of 2024, JVC (Jumeirah Village Circle) once again stood out as the top district for real estate sales in Dubai, recording over 3,000 transactions. This district is particularly attractive to French and European investors, mainly due to its exceptional apartments and townhouses.
Located in a prime spot, just 20 minutes from downtown, 12 minutes from the marina, and Palm Jumeirah, it offers a mix of convenience and natural beauty. The district is surrounded by a shopping center, numerous shops, and green spaces. The cost range is 3,000 to 4,000 euros per square meter, allowing for both long-term and short-term rentals (like Airbnb).
Business Bay is the second most sought-after district by investors in Dubai. In the first quarter of 2024, it ranked second in terms of real estate transactions. The area hosts increasingly impressive developments, including Canal Heights and Penninsula Jumeirah Living, which are among the most recent and largest projects available.
Business Bay is at the heart of Dubai, with Downtown Dubai a short distance away, as well as the iconic Burj Khalifa and the Dubai Mall district. However, the cost of new residential properties is slightly higher than in JVC, ranging from 5,000 to 10,000 euros per square meter. What makes this area attractive?
The rental demand is varied and strong, covering both short-term and long-term options. The district is close to downtown and the DIFC, the financial center. Moreover, the area benefits from the Dubai Canal, the Dubai Mall located 5 minutes away on foot, and a wide range of shops and restaurants. The district is also well-served, with several metro stations and Sheikh Zayed Road. Nevertheless, traffic jams are frequent during peak times.
Damac Lagoons is renowned for its exclusive villas and ranks as Dubai's top destination for villa purchases, with over 1,350 villas sold in the area.
This community, created by Damac, offers a multitude of advantages. It is a peaceful haven, with vast scenic artificial lagoons, lush green spaces, sports facilities, and an abundance of restaurants and shops.
The cost of living is also very reasonable, with villas ranging from 2,500 to 3,500 euros per square meter! Its strategic location, near one of the busiest roadways, adds to its appeal. Additionally, the infrastructure is top-notch, with a wide selection of international schools.
However, financing options are not the most attractive, with a typical payment structure of 20% upfront, 60% during construction, and the balance upon completion. This means you will need a substantial amount of cash.
Emaar is the developer behind this community, which aims to create a "new downtown" by the sea. It is a residential paradise for tourists, benefiting from an ideal location and ambitious construction projects.
Emaar is set to introduce luxury hotels, with some projects already completed or underway, such as Address or Vida. Visitors and residents can indulge in long seaside walks, dine at upscale restaurants, shop in local boutiques, and dock their boats at the marina.
Dubai Creek Harbour is ideally located just ten minutes from downtown and Dubai Airport. The cost per square meter remains competitive at 5,000 euros, but prices are expected to rise. In 2023, a new artificial beach was inaugurated, and a large shopping center is planned for 2026.
Dubai Marina, offering stunning views of the Persian Gulf, is a favorite among tourists and local residents. Despite the absence of new construction projects for nearly two years, this area saw nearly 2,800 sales, demonstrating its enduring appeal.
This tourist hotspot is a paradise for short-term rentals, with apartments overlooking the ocean, a small marina, sandy beaches, and the convenience of the metro and tram. However, navigating the area can be challenging due to heavy traffic, and the choice of new constructions is limited, affecting the quality of available housing.
Do you want to invest in real estate in Dubai, particularly in a seaside property? It is possible, thanks to the real estate developer Nakheel. After Palm Jumeirah, Nakheel is selling numerous plots in Dubai facing the sea.
Hotels, a shopping center, a golf course... The projects are numerous, and the coming years look particularly promising! If you want to learn more and consider an investment, Prestige Immobilier Dubai invites you to discover the buildable plots available for investment.
Thanks to Nakheel, you have the opportunity to invest in buildable plots in Dubai. These plots, which will allow you to build your own hotel, are offered at a price of around 8.5 million euros.
It is an interesting offer, although you need to find the necessary funds for the purchase of the land and the construction. Once the hotel is built, you can choose to hire a management team.
The process of acquiring a buildable plot in Dubai with a sea view is simple. It is similar to buying an apartment or a villa. You will need to provide your passport and contact details, along with a complete financial statement. You can then invest and benefit from interest-free payment options and financing programs.
Want to buy a high-end apartment or house in Dubai? Do not hesitate to contact our agency. We specialize in marketing this type of property!
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