Buy apartments in Dubai

Apartments are one of the most popular and profitable types of property in the emirate. Representatives at Metropolitan Premium Properties will help you to quickly and efficiently conclude a purchase/sale transaction, taking care of all legal and document issues.

$ 158 000
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Apartments, studios and penthouses in Dubai from leading UAE developers

Apartments are one of the most popular and profitable types of property in the emirate. Depending on the size and location, this type of residence can generate an ROI of 5-9%. The majority of residential buildings in Dubai include an extensive range of amenities, including private parking, swimming pools, children's and sports playgrounds, gyms, and much more.

Over 60% of rented properties in the emirate are apartments, and the average annual cost of renting an apartment is AED 48,000 (USD 13,000). Buying an apartment will not only allow you to invest your funds reliably, but also provide a stable passive income. Representatives at Metropolitan Premium Properties will help you to quickly and efficiently conclude a purchase/sale transaction, taking care of all legal and document issues.

Freehold and leasehold apartments

UAE citizens and GCC country residents can rent and purchase any residences in the country, regardless of their location. After the enactment of the Property Ownership Law in 2002, foreign nationals were also granted the right to leasehold and freehold apartments and other properties in specifically designated areas.

Leasehold is a limited type of ownership, similar to long-term leasing. Depending on the terms of the agreement, the owner of leasehold residences and their direct heirs can own the property for 10-99 years. These types of apartments can be used as collateral, or either restructured, renovated or sublet.

Freehold apartments refer to real estate with exclusive ownership rights for representatives of any state. Owners can fully dispose of their property - sell, rent, give as a gift, or pass on to heirs.

Types of Apartments

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Investors can purchase both completed residences and off-plan properties. The price of apartments during the construction stage is approximately 30% lower compared to ready-to-move-in units.

Unlike countries in the CIS, the size and layout of apartments in Dubai are not characterized by the number of rooms. The developer specifies the number of bedrooms to which other rooms are attached. The layout of classic apartments in the UAE includes one or more bedrooms with built-in wardrobes or dressing rooms, one or more bathrooms, a kitchen with built-in appliances, combined with a dining room, and so on. The average size of such properties can range 93-186 square meters, and depending on the class of the building, the residence can be complemented with a balcony, terrace or a maid's room.

A studio is an apartment with an open layout, including a small kitchen area, a living room, separate bathroom and a bedroom. The average living space for this type of property is 35-40 sq. m.

Another common type of apartment in the Emirates are penthouses, which are spacious elite residences generally located on the top floor of a building. In some projects, an entire floor is allocated for this type of property. The penthouse layout may include a bedroom for staff, a personal office, a terrace with a seating area, a private garden, a pool, and much more.

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Popular neighbourhoods for buying apartments

According to the Bayut & Dubizzle report, as of the second quarter of 2022, Jumeirah Village Circles was the most popular among buyers in the budget segment. The average cost of purchasing a studio in JVC was AED 419,000 (USD 114,000), and apartments with 1 bedroom were AED 682,000 (USD 186,000). Residences in Jumeirah Lakes Towers, Dubai Sports City and Dubai Silicon Oasis were also in demand among buyers and investors.

Traditionally, Dubai Marina remains the most popular neighbourhood for buying luxury apartments. The average cost of housing here is AED 1,210,000 (USD 329,000). Apartments in Downtown Dubai, Business Bay, Palm Jumeirah, Jumeirah Beach Residence, and Dubai Hills Estate are also in high demand.

Apartments in UAE

Apartments, studios and penthouses in Dubai from global developers

eclipse
from $ 354 000

Harbour Views

Harbour Views - luxurious apartments and villas of the premium class by the developer Emaar Properties.

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eclipse
from $ 395 000

Parkside Views

Parkside Views is a new project by the renowned developer Emaar Properties.

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eclipse
On request

Palme Couture Residences

Palme Couture Residences is a modern residential complex located 70m from the coast on Palm Jumeirah, offering ideal conditions for comfortable private living on the Gulf shore.

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eclipse
from $ 436 000

Avonlea

Avonlea by Emaar Properties is a premium project in the main residential quarter in Rashid Yachts & Marina. Apartments with 1-3 bedrooms are available for purchase.

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eclipse
from $ 177 000

Luma21

The Luma21 complex is located in the family-oriented community of Jumeirah Village Circle (JVC).

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eclipse
from $ 408 000

The Highbury

The new luxury project, The Highbury, by Ellington Properties offers luxurious studios and 1-3 bedroom apartments, a limited collection of duplexes, and an exclusive 4-bedroom penthouse with views of Burj Khalifa, Ras al Khor, and the crystal lagoon.

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How to buy an apartment in Dubai

The process of buying an apartment in Dubai starts with choosing a suitable housing option. To find a residence that fully meets your goals and budget, the best solution would be to hire an experienced realtor. Metropolitan Premium Properties agents will familiarize you with all the features and trends of the emirate's real estate market, assist in the negotiations, prepare a package of documents, and will accompany you during all stages of the transaction.

The buying process consists of the following sequential steps:

  1. Discussion of terms.
  2. Drafting a contract in accordance with the requirements of the Dubai Land Department and signing it by both parties.
  3. The buyer must pay a deposit, which is usually 10% of the property value, in the form of a cheque made out to the seller. At the same time, the buyer must provide a cheque to pay the agency commission (2% of the contract amount). This can only be cashed upon the successful completion of the transaction.
  4. Obtaining an NOC certificate confirming that the owner has no outstanding dues regarding the property.
  5. Transfer of ownership from the seller to the buyer. To do this, all parties within the agreement must go to the Dubai Land Department and provide a valid property ownership certificate and a letter from the developer.
  6. Payment of the remaining 90% of the apartment value. After the funds are received, the buyer will receive a new ownership certificate in their name within three working days.

Expenses when buying apartments in Dubai

Additional expenses during the process of buying apartments:

  • DLD fee for ownership transfer - 4% of the transaction amount
  • eal estate commission - 2% of the apartment value
  • administrative fee - AED 4,200 (USD 1,140)

If the residence was purchased through a mortgage, the buyer will also need to pay a DLD fee of 0.25% of the loan amount.

Trends and ROI

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According to the results of the first half of 2022, apartments in Dubai Sports City showed the highest ROI level of 8.04% among residences in the budget segment. Additionally, returns of 7.66-7.77% were recorded in the Jumeirah Lake Towers and Dubai Silicon Oasis areas.

Dubai Marina also remains the most popular area among tenants of luxury apartments. The average return on investment for residential properties here was 6.97% per annum. High ROI indicators in the premium segment were also noted in the Dubai Hills Estate (6.49%) and Downtown Dubai (6.2%) areas.

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Our experts will help you choose the best. You will get full information about the object you are interested in and the available layout options

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Marina Mikhalenko

Senior Property Consultant – Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
Metropolitan Expert
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

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Marina Mikhalenko

Chief Real Estate Investment Expert at Metropolitan Premium Properties

location
36-38 Floor, Al Salam Tecom Tower, Dubai, UAE
person
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Consult with an expert

Our experts will help you choose the best option. You will receive the full information about the unit you are interested in and the available layouts

Your request has been received! Please wait for a manager to get back with you.
Something went wrong. Please try again.

By submitting this form you agree to our privacy policy.

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