The cost of real estate by districts of Dubai

The cost of real estate in different areas of Dubai is set depending on the investment policy of the UAE. According to local law, foreign citizens can receive freehold real estate only in designated freehold zones. In those areas where such zones were opened before, prices are considered among the highest in the emirate. For a reason, foreigners pay attention to new promising freehold areas - upon completion of their construction, one can expect more income from investments than in already populated areas. Demand for properties under construction is constantly growing: for example, Mohammed Bin Rashid City (MBR City) is currently the leader in the number of transactions in the primary real estate market in Dubai.

When buying a local property, most buyers evaluate its value by the number of bedrooms, amenities and location of the object. But many often overlook such a thing as the total covered area of ​​​​property. It is the cost per square meter of housing in the districts of Dubai that allows you to choose the best option for real estate. So how do you get the best value for money and choose the right accommodation? UAE Assets specialists will tell you in detail about the differences in property prices in different areas of Dubai, having considered everything using the example of the most sought-after areas.

Average price per square meter of residential property by districts in Dubai

Jumeirah

In this area there are elite residential complexes, beautiful villas, various attractions, equipped beaches and luxury hotels. Over time, the area expanded with the construction of new artificial islands, like the Palm Jumeirah. If we take into account real estate prices in areas of Dubai near the sea, then the highest average price per 1 sq. meter is equal to about 33 thousand dirhams (about 9 thousand US dollars). Apartments in the Jumeirah area will cost less, as they are often located a little further from the coast. Real estate near the sea has great indicators, if we take the values ​​for the area. For example, for the II quarter of 2022, the cost of 1 sq. meters in The Palm Tower apartments was from 10 thousand dollars. Elite Jumeirah Village Circle under construction sells from 3 to 6 thousand dollars per square meter.

Business Bay

Business Bay is one of the youngest and most successful areas in Dubai. The name of this area perfectly voices its focus - it is one of the main business and financial centers of Dubai and the Middle East. Its central attraction is the Al Habtoor City complex, which consists of 5-star hotels, restaurants and the unique La Perle Aqua Theatre. Despite the commercial emphasis, there is also a residential complex, which is quite popular with those who work in the Business Bay area. The average cost of 1 square. meters here is equal to 14 thousand dirhams (about 4 thousand dollars). The area has earned an excellent reputation for its excellent combination of affordable and quality housing, as well as the presence of a coastline.

Dubai Marina

Dubai Marina is famous for including the famous artificial harbor, which claims to be the largest in the world when completed. For the most part, there are skyscrapers with office and residential premises, and along the coast there is a landscaped area with shopping malls, restaurants, cafes and other entertainment areas. Due to the developed infrastructure and futuristic appearance, housing in Dubai Marina is very popular among foreign clients. The average cost of 1 square. meters in this area is about 14 thousand dirhams (about 4 thousand dollars). Of course, real estate directly off the coast is more expensive. For example, the cost of 1 sq. meters in Marina Vista starts from 20 thousand dollars.

Dubai Creek Harbour.

Luxurious waterfront complex built on the shores of Dubai Creek. It will be a new residential area, including residential complexes and commercial facilities. Dubai Creek Harbor is rapidly gaining popularity due to the famous Dubai Creek tower and the tourist center on the other side, stylized as medieval Arabic architecture. The Dubai Creek tower is currently under construction. According to plans, it will be 100 meters higher than the Burj Khalifa tower and will become another "wonder of the world", attracting a huge flow of tourists. This area is not in vain considered a place with great investment potential. Now the average cost of 1 square. meters in the area is approximately 20 thousand dirhams (about 5 thousand dollars).

UAE Assets will tell you the most expensive and cheapest areas of Dubai

If you need to find out the prices for apartments in different areas of Dubai, we recommend that you contact UAE Assets specialists. Our company will offer various types of real estate, help with the collection of the necessary documents and carry out a transaction for the purchase of housing. We have been working with the UAE real estate market for several years, so we have practical experience and cooperate with top developers in Dubai. Thanks to the current database of housing, you will be offered an object that meets all your needs. For more information or to book a consultation, please contact us.