Dubai International Financial Center (DIFC) is a community for doing business and living comfortably. The area covers over 110 hectares and has both business and various residential complexes. The investment attractiveness of the area makes it one of the most popular among those who wish to buy an apartment in Dubai.
The community is close to Downtown and Business Bay. There are offices of companies dealing with the South Asian, African and Middle Eastern markets here. The thriving area is not just commercial real estate but is also a place for those who appreciate a modern lifestyle.
DIFC borders the city center and is home to the UAE’s most famous attractions - the Burj-Khalifa Tower as well as the largest shopping center in the world, Dubai Mall. Residents are close to the emirate’s famous landmarks of the Dubai Opera, the Singing Fountains, the World Trade Center and the Emirates Tower. The area also borders Za’abeel 2 Park.
The convenient location provides access to the most popular attractions of the metropolis:
There are no difficulties getting to DIFC - it is located 15 minutes from the international airport.
According to the analytical agency Bayut, the most popular housing development in the community is Park Towers. It is a project from one of the largest developers in the region, DAMAC Properties. The complex has 2 towers with 49 floors with the lower floors occupied by office space. Residential apartments start from the 12th floor.
The Sky Garden occupies second place. It is a 40-story building that houses studios and apartments and 7 exclusive 2-story penthouses.
Index Tower is in third place. The 80-story skyscraper combines offices, a shopping center, shops, swimming pools, and gyms. The complex includes apartments with 1, 2, and 3 bedrooms as well as luxury penthouses.
You can find apartments for permanent residence or investment. Renting real estate is no less popular as the return on investment in the Dubai International Financial Center is relatively high.
There are affordable housing options and luxury apartments for sale for expat families, singles or those working in a metropolis. The community with modern buildings makes life comfortable. Properties are available to suit all tastes and budgets, from studio apartments to luxury penthouses.
The starting price of studios is AED 825,000. The cost is directly related to the area and it usually ranges from 65 to 83 square meters. The price of a spacious studio can go up to AED 1,300,000. The average cost of a 1-bedroom apartment is AED 1,360,000 while 2-bedroom apartments are sold for 2,200,000 and more. A 3-bedroom apartment will cost another 1,500,000 million more. The highest price of real estate in Dubai is for penthouses, which starts from 3,900,000 dirhams. Office space can be purchased for AED 1,250,000 and up.
Housing prices are calculated on an annualized basis and in UAE dirhams:
Foreign investors often purchase housing in Dubai for subsequent rental. The highest return on investment is for studio apartments which can reach 6.1%. The indicators for 2-room and 3-room apartments are lower and amount to 5.5% and 4.5%, respectively.
The community has many branches of large retail chains including:
Another popular shopping area is Gate Avenue. It is a pedestrianized area with a gallery of shops and boutiques. The restaurants in DIFC are in no less demand - you can taste Arabic cuisine from around the world. The following restaurants are rated positively:
Street fast food is widely popular and you can also have a bite to eat in numerous pastry and coffee shops.
Residents do not lack supermarkets and malls. At the Fendi Dubai Mall, you can buy luxury European clothing and accessories. There is a flower boutique and stores selling watches and jewelry made of precious metals and stones. Alternatively, residents can visit The Dubai Mall. The largest shopping center in the world is just 8-10 minutes away.
Various programs offer preschool education. The most popular among expats remains the British followed by kindergartens such as the British Orchard Nurseries network, whose branches are found in most emirates.
Children can receive secondary education in several schools including Babilou MENA, Hartland International School in MBR City, and Horizon International School in Umm Al Sheif. Jumeirah and Emirates Hills also have several schools for children to attend.
There are many medical institutions in the area and nearby. Professional medical care is available at IMC, La Clinique, Al Zahra Medical Center, and Oriana Hospital. Dental services are provided at DXB Dental Clinic.
Transport and parking spaces in DIFC allow you to move freely throughout the area. Underground parking for residents is found in residential complexes. Outdoor parking is available for guests or families with several cars. Personal vehicles are in high demand. It is possible to rent a car and for this, you need an international driver’s license. Bus routes are the main mode of public transport. There are also 2 metro stations nearby - the Emirates Towers and the Financial Center.
The United Arab Emirates is often associated with luxury and comfort in everything. Modern buildings allow you to make your wildest dreams come true. This also applies to hotel service. Most of the hotels here are not only comfortable but also luxurious. The highest hotel reviews are for
The number of rooms is vast, from one to several rooms. Therefore, there is no difficulty choosing where to live in DIFC if you come on an introductory tour to buy real estate.
Are you interested in up-to-date listings and housing prices in popular areas of the emirate? Use the services of professionals. The specialists of our real estate agency in the UAE are ready to advise on any issues regarding choice and purchase based on your preferences and planned budget. We will help you fulfill your dream of moving to Dubai. Start your search for real estate in the UAE right now!
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