Real estate in Dubai by the sea

One of the advantages of an apartment in Dubai by the sea is the wide variety of options offered. From villas to apartments, the city is full of waterfront real estate areas. These places include Jumeirah Lake Towers (JLT), Dubai Marina, Jumeirah Beach Residence (JBR), The Lakes, the famous Palm Jumeirah and many others. All of these areas are well equipped, so they include not only the necessary amenities, but also various types of real estate - from budget to luxury. This makes the coastal areas of Dubai an excellent investment and rental destination. In this article, UAE Assets specialists plan to consider the topic in more detail, as well as consider the pros and cons of real estate by the sea in Dubai.

Benefits of living by the sea in Dubai

In Dubai, you can choose different types of housing near the water. Whether you're looking for lake views or sandy beaches, you'll have no problem finding accommodation that suits your needs. There are many reasons to live and invest in property in Dubai near the coast. Therefore, it is worth considering the benefits that will allow the owner to enjoy living on the coast. The undoubted advantage of such housing is that living with a view of the embankment will open up a breathtaking view of the area for the resident. In addition, in all coastal areas of the city there are many entertainments on the water, as well as the opportunity to do water sports.

The main reason why many people try to buy real estate by the sea in the emirates is that such properties have a high value for money. Looking at recent years' reports, apartments in the Dubai Marina area are among the most sought after in the city, and Palm Jumeirah has an unprecedented demand for villas. Investment trends show that real estate in Dubai by the sea is attractive from the point of view of investors. If after some time the owner wants to move to another place, he can always rent out the property and get a high return on investment (ROI). Along with stunning views and proximity to the beach, good liquidity makes this property more sought after.

What you need to know about real estate by the sea in the UAE?

Although the real estate market boasts a solid variety, according to the laws of the UAE, foreign buyers can buy housing by the sea in Dubai only in specially designated freehold zones:

• Dubai Marina area;

• artificial island Palm Jumeirah;

• The Palm Jebel Ali archipelago;

• artificial island Dubai Waterfront.

The last two projects are under development and have not been built up yet. However, most coastal housing is located in the best areas of the city, so the cost of buying a property will be higher. For example, real estate prices in Dubai by the sea vary as follows: the average cost of 1 sq. meter LCD costs from 17 to 35 thousand dirhams (4.5-5 thousand US dollars). The cost of apartments starts from 1 million dirhams and above.

In addition to the higher cost of coastal houses, they will need to be maintained in proper condition. Being close to the shore means increased humidity and erosion, which can affect both the exterior and interior of a home. Also, special care will be needed for equipment and furniture. Therefore, it must be taken into account that living near the sea requires some additional expenses. Of course, this is a small obstacle to the deal, since all the properties on the coast in Dubai are built to a high standard and, with proper care, will serve their owner well.

UAE Assets will help you buy real estate in Dubai by the sea

If you are interested in buying an apartment in Dubai by the sea, then UAE Assets specialists will be happy to help you. Our company has been working with the UAE real estate market for many years, therefore it has practical experience and knowledge of local legislation. Thanks to cooperation with developers, we have an up-to-date real estate database and can offer you housing that meets your needs. To get advice or make an appointment, use the contact phone number of the company. Qualified consultants will be happy to answer all your questions and help you find the right property in Dubai.