Properties for sale in Dubai Waterfront

Property for sale in Dubai Waterfront

Another project by Nakheel, a developer with 55,000 completed properties, allows expats to find properties in Dubai Waterfront, UAE, at an optimal price point with the prospect of getting:

• Passive rental income: the emirate's population grew by more than 100,000 by 2023 alone, with many expatriates looking for homes in prime locations close to man-made islands, canals and archipelagos.
• Residence visas, which are equivalent to residence permits and can be issued for 2 or 5 years, depending on the transaction amount. If you intend to obtain a "golden" visa, then the cost of property in Dubai Waterfront should not be less than $545,500, while options priced from $205,000 are suitable for a 2-year residency permit.
• Comfortable living in a country with a stable exchange rate, a rapidly growing economy and an orientation to attract foreign capital: sales in cooperation directly with the developer, without intermediaries, can take less than 30 days. There is no need to be present in person and no risk of obtaining a residence that does not match the photograph and description of the housing unit in the catalogue.
• Valuable assets that can be inherited or sold: real estate in the emirate is appreciating at a rate of 1.8% per month, with returns of 5.6–6%.

Investors interested in new residential in Dubai and completed projects are looking at the community in the western part of the city. In both cases, a quick return on investment can be expected due to rental demand and overall price growth in the emirate. There are various residential options:

• Studios;
• 1- or 2-bedroom apartments;
• Townhouses;
• 2- and 3-bedroom villas, with offers including 8- to 10-bedroom options (the number of bathrooms can reach 6–8).

Property in Dubai Waterfront for investment and living, regardless of price, are characterised by modern design and facilities, high quality finishes and provide access to additional privileges. When it comes to villas, you can expect well-maintained grounds with video surveillance, spacious terraces, barbecue areas, swimming pools and children's play areas, depending on the housing unit. Apartments in Dubai are sold in gated communities with 24-hour security, parking, a gym, a restaurant, sometimes a spa centre and a children's club. The total area of the district development reaches 130 km² and is designed to accommodate 1.5 million people.

Lifestyle in Dubai Waterfront

An ambitious project of property in Dubai Waterfront by a reputable developer aims to create a new prestigious location with compact high-rise buildings, a large central park and all the necessary social infrastructure facilities. Located close to Sheikh Zayed Road, the area has excellent transport links, and with over 150 communities within its boundaries, there are plenty of opportunities for residents from foreign countries to successfully complete a deal and settle in the desired environment or start earning from rentals. Foreigners who want to experience the dynamics of a modern metropolis, safety and the highest level of domestic comfort come here. From this part of the city, it is easy to reach the city’s main attractions.

The area is divided into 10 zones; most investments are made in properties in Al Badrah, The Riviera, Corniche, Al Ras, and Madinat Al Arab.

Depending on the location of the complex, the airport is within 15–40 minutes’ drive. There are metro stations and bus stops nearby to those who do not have a car. The community is currently under construction. It is planned to open kindergartens and centres, schools, hospitals and other infrastructure facilities. While construction is underway, you can take advantage of the services of the social facilities located in the neighbouring areas, including enrolling your children in schools such as The Winchester School, Delhi Private School Academy LLC, Emirates International School Meadows; seeking medical care at Aster Cedars Hospital; and enjoying extensive shopping at The Ibn Battuta Mall.

Investment real estate in Dubai Waterfront

Waterfront property in Dubai continues to be popular with investors, offering stunning views and a variety of leisure options. Both completed and under construction properties are available, making the community ideal for both relocation and long-term investment. Buying property in Dubai Waterfront for foreigners is a great idea both practically and financially. If you visit the emirate often to work or rest, owning a second home is more practical than paying off a hotel room. The rest of the time, when you are travelling or in your home country, you can rent out your real estate and accommodate tenants through the developer or management company. The community is popular with various categories of people: businessmen, professionals in various industries coming to work in the UAE, young couples, families with children, so there will be no difficulty in finding tenants.

The yield on properties ranges from 1.6% to 5.6%, but can vary depending on the characteristics, type and location of real estate. As for the property prices in Dubai Waterfront:

• A villa starts at a minimum of AED 7 million (USD 1.9 million);
• A studio can be purchased at an average of AED 400,000 (USD 109,000),
• A 1-bedroom apartment will cost from AED 450,000 (USD 122,000) to AED 1.2 million (USD 327,000), with an average of AED 890,000 (USD 242,000);
• A 2-bedroom apartment will cost AED 1 million (USD 270,000);
• 3-bedroom premium properties sell for an average of AED 6 million (USD 1.6 million).

The price of real estate for sale in Dubai Waterfront is influenced by:

• Distance to the waterfront;
• Type of real estate;
• Number of bedrooms;
• Number of bathrooms;
• Presence of balcony or terrace;
• Options included in the price (security, maid service, pool, concierge service, gym);
• Area and layout characteristics;
• Presence of furniture;
• Interior design style and predominant colour schemes;
• Quality of appliances and finishing materials;
• Views from windows;
• Number of parking spaces, presence of a garage (if you choose a villa or townhouse).

You can speed up the payback process by choosing real estate in Dubai Waterfront for expats in an under-construction complex with panoramic waterfront views.

It is profitable to buy property in Dubai Waterfront

In the initial stages of looking for real estate abroad, prospective residents should study the current prices and available properties. Our agents are ready to assist you in choosing suitable apartments for relocation or investment. While someone is dreaming of an apartment or villa in the UAE, you can make a profitable deal by selecting a housing unit through our aggregator!