Types of property in Dubai: What is available?
Dubai is one of the world’s most buzzing cities, with something new going on all the time and a vibrant atmosphere that makes it a great place to live and work. Another thing that’s always changing is the skyline, with new property developments cropping up seemingly all the time. So, what types of property in Dubai will you find available? Dubai certainly has plenty to offer. Whether you are looking for a residential or commercial property, a place to live or a good investment opportunity, you will surely find what you are looking for in Dubai.
One of the most popular types of property in Dubai is apartments, with Dubai offering up everything from small studios through to luxury penthouses with vast open-plan living spaces and multiple bedrooms. In between you’ll find a wide range of different options, with apartments to suit all tastes and budgets. Many apartments in Dubai are high-rise and boast stunning views out onto the city and the waters beyond, whilst popular areas of Dubai such as Dubai Marina offer residents a wealth of facilities, shopping and entertainment options. Many apartment buildings boast luxury facilities for resident use, including cool swimming pools and gyms packed with the latest equipment.
An apartment in Dubai can become a profitable investment object since most of the city’s residents are expats that came from other countries and prefer renting rather than buying property. Residential property in the emirate features one of the highest yields in the world. Income level depends highly on the status of the chosen district. For example, tenants in Dubai Marina pay more since they live in a high-end location.
Another popular type of property in Dubai is villas, with these being found mostly on the outer edges of Dubai and having great appeal to families who are attracted by having some outdoor living space. Many villas also feature luxury swimming pools, which are just perfect for cooling down during one of Dubai’s glorious summer days.
Most of Dubai’s villas are built in high-end locations or at the coast. Since most of the city’s coastline has already been turned into beaches, new villas are also developed on Dubai’s famous artificial palm islands.
Dubai also offers plenty of options for those looking for budget accommodation options. Whilst areas such as Dubai Marina and Jumeriah Lake Towers provide enticing options for those with money to spend, districts such as Satwa have plenty of properties available for those with a more modest budget, whilst still offering residents easy access to all that Dubai has to offer.
Commercial types of property in Dubai are vast, with Dubai having some of the most large-scale commercial developments in the world. The 828m Burj Khalifa is the world’s tallest building, for example, whilst the Dubai Mall is the largest shopping mall based on total area and provides a shoppers paradise that boasts over 1,200 shops and forms part of the $20 billion Downtown Dubai complex. Being the region’s business hub, Dubai also features a wide range of office buildings in its free zones and other locations.
Another popular type of investment property in Dubai is hotel rooms. Since the city features a range of world-class landmarks, theme-parks, beaches and unrivaled shopping experiences, it attracts millions of tourists – 14.2 million of visitors in 2015. This number is expected to reach 20 million by 2020, and right now developers start up new hotel projects. Buying a hotel room is an especially good investment option for overseas investors since it doesn’t require any management.
Where can you find property in Dubai?
Dubai has many real estate developers, agents and consultants who can help you to find the perfect property, no matter what you are looking for. Before you begin your search in earnest then a quick search of the internet will give you a good idea of the types of property in Dubai that are currently available. Once you have done a little research then you will also begin to figure out which area of Dubai might be right for you. Whatever you are looking for, you are sure to find it in this exciting, cosmopolitan and beautiful city.