Property for sale in Jumeirah

Jumeirah can offer a rich choice of residential properties such as large villas, cosy townhouses, and spacious flats in apartment buildings, including studios and duplexes. These are all premium residences. There are several gated communities in the area offering overseas properties to foreigners such as Sur La Mer, Amalfi Villas, Bulgari Marina Lofts, Sea Mirror, and others.

Properties for sale in Jumeirah, Dubai, UAE, are put into operation without any restrictions for citizens of other countries, as this area is located in a freehold zone. Are you thinking about buying a property in Jumeirah? You can purchase a villa or apartment in Dubai in this area to live here on your own, or you can resell, rent, bequeath or donate it.

Lifestyle in Jumeirah

The location is extremely popular with expats and tourists. People who appreciate comfort and luxury prefer to live here. Residents and guests of the district will find entertainment complexes, well-maintained beaches, boutiques, and supermarkets here.

A distinctive feature of the district is beautiful beaches with golden sand, clear sea, and luxurious five–star hotels. The total length of Jumeirah beaches is 14 km.

The quarter is in high demand among tenants and real estate hunters, as the infrastructure of gated communities is well-developed. There are spas, fitness studios, saunas, jogging and walking paths, playgrounds, swimming pools, and other amenities in the district to lead an active and healthy lifestyle.

Jumeirah properties will appeal to those who love the atmosphere of the seaside.

In addition to beaches and hotels in the area, there are numerous places to go and things to see. The Dubai Shopping Festival takes place here every year in winter. This place is full of street concerts, various shows, and children's performances at this time of the year.

The Dubai Food Festival is a gastronomic event held from February to March. The Dubai International Film Festival (DIFF) is another international cultural event. It has been organized every two years since 2004. The shows feature Arabic, African, and Asian film makers.

Property prices in Jumeirah

The property cost in Jumeirah depends on the area and number of rooms. So, you can buy real estate in Jumeirah at the best price, for example, a 23 m² studio for at least AED 750,000 ($204,200). The initial price of a 68 m² one-bedroom apartment is AED 1.16 million ($316,000). The lowest price of a 113 m² two-bedroom residence is AED 1,707,000 ($464,755). 176 m² three-bedroom flats cost AED 3.2 million (about $875,000).

Villas with 3 bedrooms and 4 bathrooms are put up for sale for AED 7.6 million ($2.69 million). You can become the owner of a townhouse with 3 bedrooms and 3 bathrooms for at least AED 7.76 million (almost $2.083 million).

Real estate investment in Jumeirah

The average ROI in rented property in Dubai is 5–7%. Jumeirah has some of the emirate’s most expensive highly liquid and profitable housing, so the owners of residences in this location have a constant high income. Moreover, this is good news for investors and businessmen.

If you want to rent out your apartment, you can turn to specialists. A realtor will find tenants, negotiate with them, and a lawyer will draw up a lease agreement. In addition, the staff of the real estate agency will prepare the villa or apartment to move in and put things in order in this property after the guests are evicted.

Foreigners have the right to purchase a property for investment and permanent residence. The difference in cost between an off-plan residence and a commissioned one can be up to 20%, so if you decide to buy an off-plan residence in the real estate market, you can save a significant amount of money. Owners of off-plan residential properties can make good money when reselling.

Buy property in Jumeirah on Emirates.Estate

You can buy villas and apartments in Dubai by the sea with the help of specialists from real estate agencies that you can find on the Emirates.Estate aggregator. The online platform contains the best offers from developers for the sale and rental of housing that are currently available. You will also find prices in dollars and euros on our website.

To buy real estate in Jumeirah in instalments, you need to collect the following documents:

A completed mortgage application.
A foreign passport.
An Emirates ID.
An income statement for the last 6 months and a confirmation of additional income, if any.
A certificate of family composition.

Dubai’s laws require:

The borrower must be between 21 and 65 if he is employed. Business owners must not be under 21 and over 70.
It is necessary to be a resident of the United Arab Emirates and have a resident visa.
The applicant's income must be at least AED 15,000 ($4,084). The number is approximate, as it depends on the bank, as each financial institution has its own requirements.
At least 25% of the cost of the residence must be paid as a down payment.
It is necessary to be an entrepreneur or officially find a job in the United Arab Emirates.

Moreover, local financial institutions impose additional requirements on borrowers.

To buy real estate for sale in Jumeirah, a foreigner does not need to attend the transaction in person. He also does not need to come to the UAE to pick up a property. The buyer can choose flats and villas in Dubai via video link. A realtor will help with this. The specialists of the real estate agency will guide the buyer through all stages of the transaction and, if necessary, find tenants or buyers if he plans to resell his housing to make money.