The best areas in Dubai to buy a house
Many people who decide to purchase real estate are wondering in which area of Dubai it is better to buy a villa. We have prepared a list of the most sought-after areas in the emirate. So, according to the Khaleej Times, the best areas for buying property in Dubai include:
Dubai Marina;
Business Bay;
Jumeirah Village Circle.
The most popular communities with luxury villas are:
Palm Jumeirah;
Arabian Ranches.
The largest number of transactions and a sharp increase in prices were recorded in:
Palm Jumeirah;
Arabian Ranches;
Jumeirah Beach Residences;
The Lakes;
Emirates Hills.
Since Dubai Marina and Business Bay are apartment-dominated areas, we will now look at the already mentioned six areas traditionally associated with detached houses. At the same time, it should be borne in mind that Jumeirah Beach Residences is a microdistrict located in Dubai Marina.
Palm Jumeirah
The name of the man-made archipelago, shaped like an exotic palm tree, is synonymous with luxury and prosperity. On its banks, exclusive villas are located in picturesque symmetry and gardens of stunning beauty are planted. This area is chosen by those who want to live with a view of the beautiful harbor and their own access to the beach, as well as people who value privacy, but are accustomed to the highest standard of living. For a long time, the area has maintained a leading position in the property sales in the emirate.
Palm Jumeirah is ideal for those who want to show their status and surround themselves with beauty. The island also houses premium hotels, restaurants with cuisines from around the world and paths for leisurely walks and bike rides.
This is an ideal solution for those who would like to live on their own island.
The average price per square meter is AED 32,721 (USD 8,908 or CHY 56,705).
Jumeirah Beach Residences (JBR)
Where to buy a house in Dubai by the sea? Of course, in the neighborhood on the Persian Gulf, which combines the aesthetics of a luxurious seaside area and the dynamism of a modern city. The community offers a wide range of facilities, including restaurants, entertainment venues, shopping malls, as well as world-class medical and educational facilities. It is one of the busiest areas in Dubai, bordered by the waterfront on one side and dazzling skyscrapers on the other. It is perfect for those who would like to combine the resort and urban lifestyles. JBR runs along a 1.7 km long waterfront known as The Walk and covers an area of 2 million square meters, which means that all daily activities can be concentrated here without leaving the community.
Jumeirah Beach Residences is ideal for couples and young families with children as well as those who dream of combining everyday life and holidays.
The average price per square meter is AED 17,033 (USD 4,637 or CNY 29,516).
Jumeirah Village Circle (JVC)
Launched in 2005, this project continues to develop. There are fully completed and occupied properties as well as project that are under construction. In addition to villas, apartment buildings and cozy townhouses are also being built here. The area is located next to the main city highway Sheikh Zayed Road, which runs through the whole of Dubai and provides uninterrupted transport links.
JVC gives a unique opportunity to establish urban life in a country setting, which is especially important in such an active metropolis as Dubai. Its cozy and relaxed atmosphere attracts both locals and expats, as well as many investors who know they can certainly find tenants for residential properties in the area. Parks, gardens and playgrounds make Jumeirah Village Circle an ideal destination for couples with children and pets. The area of the villas here is the most diverse, varying from 300 to 7,000 square meters, and the number of bedrooms ranges from one to seven. Some houses can accommodate even a very large family.
The neighbourhood is ideal for families with children and all those who want to enjoy a quite atmosphere.
The average price per square meter is AED 6,165 (USD 1,678 or CNY 10,680).
Arabian Ranches
This area is considered one of the most sought-after gated communities in Dubai, and for good reason as it combines a high level of comfort, maximum security and luxurious residential facilities. The villas here are surrounded by green gardens, swimming pools, as well as sports and playgrounds for adults and children. According to the Edarabia website, this suburb is very popular among expats who come from Western countries.
In Arabian Ranches, both lovers of peace and quiet, as well as those who prefer an active lifestyle, will feel great. But the main thing that unites them is the common fundamental factors when choosing housing – aesthetics and harmony. Going on a bike ride with the whole family? You are welcome! Walking your favorite dog in a blooming garden? Easily! Having a barbecue with friends and neighbors? Not a problem! Near the complex there are several prestigious English-speaking schools, that is why the neighbourhood is popular among those who have children.
The community is a great destination for families with children as well as lovers of outdoor activities organized at the highest level.
The average price per square meter is AED 12,320 (USD 3,354 or CNY 21,350).
The Lakes
The Lakes villas are located between two world-class golf courses: Montgomerie and Emirates Golf Course. The latter has been the venue for the prestigious Dubai Desert Classic tournament for 32 years.
Located in the heart of Dubai, the complex provides a respectable standard of living, as well as proximity to the beach and city center and fantastic views of artificial lakes, ponds and green lawns. Villa owners have access to The Lakes Club sports center where you can practice any sport. The center often hosts various events designed to rally and entertain members of the community.
The Lakes is a great choice for couples and families with children, as well as golf lovers.
The average price per square meter is AED 8,134 (USD 2,214 or CNY 14,095).
Emirates Hills
This suburb in Dubai is inspired by the American city of Beverly Hills. It borders The Lakes, so the areas are united by one golf course – Montgomerie.
The windows of many villas offer a beautiful view of the lawn. The area features plenty of holiday facilities such as swimming pools, barbecue areas, and sports grounds. Each mansion is unique in layout and design: you can choose from an ultra-modern house with straight lines and panoramic windows or a classic villa in the best European traditions, while no project is like another. There are no buildings higher than two floors in Emirates Hills. The area is very popular among wealthy foreigners.
This suburb is close to international private schools, which means not only luxury but also comfort.
Ideal for couples and families with children, the area also is a great choice for those who prefer a quiet and respectable lifestyle.
As for the prices, it is difficult to give an exact amount, since the area of villas can vary from 1,000 to 7,000 square meters. For more information, please contact the real estate agency in Dubai Ax Capital.
Buying a villa for renting out
The monthly rental rates for villas remain stable for a long time, however in some neighbourhoods there is an increase in rental prices. So, for example, renting a villa in Arabian Ranches can now be 1.79-4.01% more expensive than a month earlier, while in Jumeirah Village Circle this figure increased by 1.41%.
The average ROIs in these areas also remain quite high but varies depending on the size and the initial price of the properties. The more expensive and exclusive villas in Palm Jumeirah currently have an investment return of 3.63% per annum, while the more affordable homes in Jumeirah Village Circle have a 6.29% return, according to Property Monitor. It is important to remember that seaside housing is also a popular solution for short-term rentals, while villas in gated communities far from the coast are more often rented for a long term. The rental rate in this case, of course, will be different.
Forecasts and prospects of the Dubai villa market
The emirate has been and remains an attractive destination among wealthy people both for holidays and a long-term stay. There are international schools, housing for every taste.
According to the publication Zawya, despite the fact that the growth in property prices will slow down due to the expanded supply, these changes will most likely not affect the premium class sector. It will continue growing. In the case of villas, both the cost of the properties themselves and their rent may increase. According to Gulf News, the demand for villas is now so high that the cost of rent could increase by 20-40%, with almost all the villas that can become vacant in the next three months already booked in advance. And even with the fact that more properties will appear on the market in 2022, demand will still exceed supply.
Taking into account all the above, the answer to the question of whether to buy a villa in Dubai today will be positive. Even if you don’t plan on renting it out for the foreseeable future, it’s still a promising and well thought out investment.
Safa Property experts will guide you through the process of buying, renting and selling properties in Dubai, the nuances of property transactions and answer the questions about where it is better to buy a villa or townhouse by the sea. Contact us today and our experienced consultants will help you make the right choice.