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Property for sale in Al Wasl
Buying property in Al Wasl for foreigners can be a lucrative investment. The community offers properties in both the average and premium segments, including freehold properties.
Property in Al Wasl for investment and living includes apartments and villas in Dubai. One of the distinctive features of the community is its low-rise construction, which creates a secluded atmosphere and offers beautiful views. There are pedestrian walkways, plenty of outdoor activities and the ground floors of the complexes are often used for restaurants, shops and bars. Some of the most popular developments include Dar Wasl, Villas Compound and The Galleria Villas.
Constantly rising property prices in Al Wasl make it a promising investment opportunity. It is an affordable way to diversify investment portfolios.
The average cost of property in Al Wasl is:
- AED 750,000 ($204,000) – studios;
- AED 1.5 million ($408,500) – 1-bedroom apartments;
- AED 2 million ($544,500) – 2-bedroom apartments;
- AED 2.8 million ($762,500) – 3-bedroom apartments.
A villa can be purchased for AED 4.7 million ($1.3 million), but prices for premium properties in Al Wasl, UAE can reach up to AED 65 million ($17.7 million).
It is worth noting that such investments are sufficient to qualify for a residency visa, which may be relevant for those planning to relocate to the UAE.
Lifestyle in Al Wasl
The district is located in the central part of the emirate. It is popular with families with children and expatriates who value peace and quiet, beautiful views, security and proximity to attractions.
The area's infrastructure makes living here as convenient and comfortable as possible. Residents have access to:
- Carrefour, Spinneys and Choithrams supermarkets;
- Galleria Mall and City Walk malls;
- JSS Private, Dubai Japanese and Horizon English Schools;
- Emirates Hospital and Dr Michael's Dental Clinic within 5–7 minutes’ drive;
- Coffee shops, restaurants and eateries such as Blends and Brews, The Pit Dubai, Atisuto;
- Parks such as Safa Park and Green Planet within 10 minutes’ drive.
The cluster is adjacent to the coastal neighbourhood of Jumeirah, allowing for a 10 minutes’ drive to the beach. On the other side, it borders the central districts of Business Bay and Downtown Dubai. Drivers will find it convenient to move around the city and its environs, with the major Sheikh Zayed Road nearby. The Business Bay and Burj Khalifa/The Dubai Mall metro stations are within 10 minutes’ of most of the communities and villas. In addition, the community has bus connections to other neighbourhoods.
Investment real estate in Al Wasl
The purchase of property in Al Wasl can be considered from the perspective of a short-term or long-term strategy. Short-term investment in property in Dubai, which appreciates annually, allows for profits on resale. It's most profitable to invest in real estate under construction, which automatically appreciate by 20–30% on completion.
A long-term strategy is to rent out. The average return on investment in Dubai starts at 5% per annum. Apartment owners can expect profits of AED 100,000 to AED 400,000 ($27,000 to $109,000) per year. Villas can yield up to AED 1 million ($272,500) per year.
Regardless of the investment strategy, investing in real estate for sale in Al Wasl will definitely pay off, as the cluster’s population is growing and there is a stable demand for renting and buying properties of different categories. Properties in the community are attractive due to their convenient location close to the city centre, beach and transport links, their secluded atmosphere and the large number of restaurants, shops and entertainment venues nearby.
It is profitable to buy property in Al Wasl
In our regularly updated database, you will find villas and apartments in Dubai offered by reputable agents and developers. Descriptions provide detailed information on the features of each property. Filters allow you to select the type of property, area and number of bedrooms you're interested in. Prices of real estate in Al Wasl for expats can be calculated in multiple currencies. We provide direct seller contacts for communication by phone or private message. Find the perfect home to move to UAE or to invest in, without wasting time and at the most favorable conditions.