Properties for sale in Dubai

Dubai, being an iconic emirate of the UAE, is the largest and the most populous emirate in all of GCC. A chief contributor in the global transportation for cargo and passengers, the oil boom in the 1960s pushed the city to the front lines. However, only 5% of the emirate's revenue comes from oil, as the economy now relies on its tourism, real estate and aviation industries. Garnering a global audience, Dubai has managed to attract the world through its magnanimous real estate projects, festivals, sport and entertainment events amongst others. Its home to the world’s tallest building, Burj Khalifa. 2012, was the year that marked Dubai as the most expensive city in all of Middle East.

Types of Properties in Dubai

There are many iconic areas in Dubai which are well-known to people looking to buy or rent apartments in. Nonetheless, there are also absolutely stunning and luxurious villas up for the grabs in many of its suburbs, especially in the newer projects such as Arjan and Al Barsha. Though much of the culture dictates an occupancy of flats rather than houses: a majority of Dubai’s population opts to live in apartments for sale that come in the form of studios and 1, 2, 3, 4 and 5-bedroom flats. The residential properties in Dubai Marina or JLT are some of the most sought-after. On an average, studios for sale in Dubai are as big as 700 sq. ft. and 1-bedroom apartments offer living spaces of 1,245 sq. ft., especially in areas such as Palm Jumeirah. The size of the units depends on where the flats are located and also on the development or housing project. For instance, a 2-bedroom apartment could be as spacious as 800 sq. ft. but the same unit in Jumeirah Village Circle or JVC could span a whopping 1,890 sq. ft. 4-bedroom apartments and upwards are more common amongst high-end areas of the emirate, such as the residential real estate of Jumeirah Beach Residence, Dubai Marina, Business Bay or Dubai Harbor to name a few. These units offer a space of 5,819 sq. ft. whereas 5-bedroom flats in Dubai offer a space of 8,654 sq. ft. With time, the Dubai real estate market saw a shift in its variance for housing options, with developers also moving onto villas instead of apartments, The possibilities are endless, with the villas for sale in Dubai coming with 2 to 3 bedrooms with some units offering 8 bedrooms. The many different housing options are solely dependent on the location, prices, bedrooms and most importantly the requirements of the people looking to buy in the ever-growing global city of Dubai.

Popular Areas of Dubai

Although the city has grown so big, Dubai has shown an incredible panache for urban planning and development, having modernized into a cutting edge megalopolis with roots still well-seated in traditional Arab culture. One area, however, that tops the charts is Dubai Marina, offering exquisite flats that range from AED 500,000 to AED 9,606,248 and even grandiose villas that have price tags between AED 1,600,000 to AED 10,000,000. A close second is definitely Jumeirah Beach Residence. Other areas include Business Bay, Umm Suqeim, Al Satwa, Palm Jumeirah and towards the eastern side, Deira.

Lifestyle in Dubai

At first glance, Dubai comes off as a city of high-rises and shopping malls making it a destination du-jour, where people from all over the world flock together to enjoy many of its marvels. Nonetheless, there is also the Bastakia district, which is quite the detour from the flashy veneer of the emirate that reflects its rich and historic heritage, offering a starkly contrasting look. Be that as it may, there are many tourist spots and landmarks that are synonymous with the lifestyle that comes with living in Dubai, such as the Burj Khalifa which stands at a staggering 829.8 meters, the tallest building in the world. It overlooks the entire city, especially from the observation deck on its 124th floor with breathtaking views of the city’s skyline and the signature Dubai Fountain. Dubai Mall is an icon of its own, providing entry points to the Burj Khalifa and as well as the Dubai Aquarium; there is also an ice-skating rink, cinemas, gaming zones, endless retail outlets and other recreational options there. The Dubai Mall is also the go-to venue for the annual Dubai Shopping Festival and Dubai Summer Surprises Festival, which takes place every year. For those looking to a get a dose of culture and local history, Dubai Museum which is found in the Al-Fahidi Fort is an excellent option. Built in 1787, the fort reflects the rich history of the emirate with traditional coral-blocks and limestone with the ceiling constructed from mud, plaster and palm fronds. In the same neighbourhood is the Bastakia Quarter, built in the late 19th century. It is said to be the home of wealthy Persian merchants who used to deal mainly in textiles, fabrics and pearls. Bastakia is located towards the eastern part of Bur Dubai along the sparkling Dubai Creek with impeccably preserved wind-towers, limestone buildings, Majlis Gallery – featuring old traditional Arabic Ceramics and furniture – and the XVA gallery featuring more of a contemporary art collection. Some of the other go-to spots are the Dubai Creek, which is the dividing line between Deira and Bur Dubai, Jumeirah Mosque which is sort of a replicant of Cairo’s Al-Azhar mosque, the whole neighborhood of Deira, with its bustling streets, Gold & Spice Souks and fish market, its architectural keystone like the Heritage House which was built in 1890, Dubai Aquarium, Burj-al-Arab, Jumeirah Beach, Mall of Emirates, Dubai Opera, Alserkal Art District, and the Sheikh Zayed Road itself, the main thoroughfare cutting through the Emirate of Dubai.

Sale Price Trends for Properties in Dubai

Properties for sale in Dubai come in many forms, such as apartments, villas, townhouses and various other commercial real estate options. People looking to buy in Dubai can even find cost-effective residential apartments for as low as AED 395,000 and high-end, extravagant apartments for sale in Dubai for around upwards of AED 22,167,000. On the other hand, the prices of villas in Dubai start from AED 750,000 and go all the way up to AED 55,000,000 for palatial houses in chic areas of the city. Townhouses, however, start at AED 600,000 and go above AED 14,595,000. As far as the commercial real estate is concerned, amidst them are also many warehouses, shops and offices in Dubai with varying prices and square footage, that people interested in buying can definitely look into