Property in UAE – Emirates.Estate

Lifestyle

The UAE real estate market attracts many foreigners looking for premium property in a country with a warm, sunny climate. The choice of real estate in the UAE ranges from luxury apartments in residential complexes with fantastic architecture to spacious villas and large houses in popular neighbourhoods.

Compared to other emirates, Dubai and Abu Dhabi offer foreigners the most cosmopolitan and progressive lifestyle and guarantee reliable protection of foreign investments and their quick payback.

Property prices in UAE in 2024

The property cost in the UAE depends on a combination of factors, including location, unit type, area, number of rooms, and some individual characteristics. The most expensive properties are normally situated in the central part of the city and waterfront neighbourhoods. Naturally, the farther from downtown, the cheaper. In the UAE, however, this rule does not always work, and prices in neighbourhoods remote from the downtown may exceed those in the central ones. For example, in Downtown Dubai, the average cost of 1 m² is up to AED 1,940 (USD 528), while in the Palm Jumeirah the price reaches AED 3,346 (USD 911)/m².

Below are the current prices of real estate for sale in the UAE in key cities:

• Dubai: AED 14,381 (USD 3,915)/m² in the downtown and AED 8,614 (USD 2,345)/m² outside the downtown, while the cost in prestigious resort communities reaches AED 27,500 (USD 7,487)/m².
• Abu Dhabi: AED 14,967 (USD 4,075)/m² in the downtown and AED 14,089 (USD 3,835)/m² outside the downtown.
• Ras Al Khaimah: AED 11,500 (USD 3,131)/m² in the downtown and AED 7,000 (USD 1,905)/m² outside the downtown.
• Fujairah: AED 5,138 (USD 1,398)/m² in the downtown and AED 4,786 (USD 1,303)/m² in the suburbs.
• Ajman: AED 3,983 (USD 1,084)/m² in the downtown and AED 3,013 (USD 820)/m² outside the downtown.
• Sharjah: AED 8,500 (USD 2,314)/m² in the downtown and AED 7,200 (USD 1,960)/m² outside the downtown.

The prices are averaged. You can buy real estate in the UAE cheaper, especially if you consider properties for sale off plan in Dubai.

Property investment in UAE

Real estate in the United Arab Emirates has recently been growing in price, while there are many new off-plan projects. Overseas investors looking for high-end properties are particularly active in the market. However, real estate prices in the UAE remain affordable, and mortgage rates are quite low. Foreigners have the opportunity to conclude a lucrative deal and invest in real estate profitably, especially when entering into a deal at the start of construction, when many developers sell residential properties at a big discount. Sunny climate, political stability, and security are additional factors that attract private international investors to the country. According to local experts, the UAE real estate market will see further growth in the near future, primarily in the luxury property sector.

Buy property in UAE

Interested in buying apartments in Dubai or other emirates of the UAE? On the platform, you can find properties suitable as a permanent residence, holiday home, or investment. Our clients get access to:

• up-to-date offers from reliable developers, local real estate agents, and homeowners;
• a regularly updated database of residential and commercial stock in the UAE;
• a user-friendly real estate search system equipped with filters based on various criteria;
• the latest market news, statistics on the sales of overseas property in the UAE, and useful information for those wishing to purchase overseas property.

Our specialists are ready to provide professional advice on everything related to choosing and purchasing a residential property, relocating to the UAE permanently, and visa regulations in the country in real time.

Emirates.Estate will help you find properties for sale in the UAE for investment and living and make a purchase from a reliable seller. Check out our best offers today and find out prices in euros, dollars, and other currencies.