Dubai Real Estate Opportunities

The real estate market of Dubai reached an all-time peak in January 2023. Total property sales within the previous year came in at a record AED 265.6 billion, or equivalent to approximately USD 72.3 billion, said the Dubai Land Department. This marks a remarkable monetary growth of 78.3% and an increase of 62% in the number of transactions. Luxury property sales value almost increased as much as 97%, with an 85% spike in the volume of transactions.

Hot Spots in Dubai

While Dubai offers many freehold areas available to non-residents for buying, which affords full ownership rights, some of the most favoured happen to be are:

1. Downtown Dubai
2. Palm Jumeirah
3. Business Bay
4. Dubai Hills Estate
5. Dubai Marina
6. Emaar Beachfront
These are but a few of the many prime spots where investors and homeowners can look for their next real estate property.

Types of Properties Available

Dubai in all forms and sizes, with gigantic properties which have been designed to cater to every taste - be it cosy studios or luxurious estates. In the greatest demand are:
1. Studio and 1 to 5-bedroom apartments in high-, mid-, low-rise complexes
2. Luxury penthouses and duplexes equipped with private pools, terraces, and other exclusive features
3. Villas and townhouses in gated communities


Dubai Property Prices

Dubai remains a hot property market in 2024, with prices highly on the rise due to its immense demand and strategic investments. While the apartments start at AED 1.3 million, the super luxurious pieces of property in downtown Dubai and Palm Jumeirah sell above AED 8 million. From an estimated AED 2.8 million (USD 762,000), villas are being sold in the emirate. Luxury estates are sold at a record AED 127 million (USD 34.5 million) in the prized places like Palm Jumeirah.

Dubai Investment Properties

Dubai's real estate market, though quite stable, offers highly attractive returns on investment. Long-term rental Dubai property generally comes with 5-8% return annually, while certain places even offer more than 10%. The returns from short-term rentals are even higher and in some cases can range up to 11-13% per annum for a professional real estate management firm. One of the most comforting and positive factors that attract investors to the UAE is that, here, individuals are not taxed as such; therefore, landlords receive 100% of their rental income. The other investment strategy is buying properties in the construction phase. As they get completed, it sells them at much appreciating capital - 20-30%. For example, in 2023, luxury properties were sold at AED 37 million, or USD 10 million; that is, an increase of 63% as compared to the previous year. To keep this supply chain of premium properties going down, the price gets higher, and the demand increases.

LotusBella: Your Doorway to Dubai Real Estate Properties

Welcome to LotusBella, where we will take you through the perfect choice of property in Dubai whether it is for personal use or an investment opportunity. Our experience team will guide you every step of the way from selecting a property and completion of all formalities related thereto. Consult with our experts and get the best, personalised services at your doorstep today.