Apartments for sale in Dubai are gaining momentum post-pandemic times. Off plan property Dubai market is progressing steadily, having made a remarkable recovery post-Covid 19. The Government’s initiatives and measures to contain the pandemic, boost the economy, and successfully complete the vaccination campaign have paid off greatly. Therefore, the UAE’s efforts are also reflecting in the real estate sector, where sales are continuously on the rise and property is in high demand. The market is now forecasting a modest rise in prices, up to 3% for 2021 and 2.5% in 2022, according to Reuters records. However, apartments are not expected to see a price increase just yet, as in the case of villas.
The city is continuing to evolve and flourish, attracting many investors with its favorable business climate and living conditions. For example, the mega event Expo 2020 has kicked off with great success, already generating a huge influx of visitors since the opening on the 1st of October. Furthermore, Dubai is ranking in fourth place for real estate affordability, with property prices lower per square foot, compared to other global, more mature markets. One of the reasons is the ample supply of properties and the high rental returns of up to 8.5%, for apartments. This is definitely higher than other countries.
Apartments for sale in Dubai – Best areas
Dubai Creek Harbour
Dubai Creek Harbour carefully orchestrates innovation and design, resulting in a high-class integrated waterfront living community. In addition, available apartments show various layouts and sizes, with one to four-bedroom units and a limited collection of penthouses. All come with large windows allowing plenty of natural light in. Moreover, spacious interiors provide an ideal space for family living, featuring well-designed furnishings and the best in modern home technology. Sophisticated furnishings complement the homes, while clean lines and warm colors add to the ambiance of these residences. Address Harbour Point is Emaar’s latest masterpiece creation at Dubai Creek Harbour. It unveils two imposing towers comprising 66 and 54 storeys offering captivating views over the Downtown skyline and majestic Burj Khalifa. Sizes vary from 725 sq. ft. for 1 bed and 1490 sq. ft. for three-bedroom units.
Prices start at AED 1,400,000 for one-bedroom and AED 3,500,000 for three-bedroom unit.
Business Bay is renowned for its dynamic, vibrant lifestyle, famous landmarks, and luxury hotels stretching along the Water Canal. The residential and commercial hub is at the center of everything, reinforcing its value as one of the most popular choices for expats and investors who are looking for high rental yields. There are endless options to buy apartments in the popular district neighboring the famous Dubai Downtown.
For example, 15 Northside has ample views over the Downtown area and highlights the greatness and convenience of waterfront living. If you wish to chill in the infinity pool overlooking Burj Khalifa, then this building is something to consider. For AED 930,000 can buy you a one-bedroom flat, stretching over 595 sq. ft. with contemporary features and a convenient layout. Another good choice to invest in Business Bay apartments is Damac Maison Prive. Directly overlooking the Dubai Water Canal and skyline, Prive is right at the center of all action, a few minutes away from Dubai Fountains and Marasi Marina. The twin towers offer a collection of studios along with one- and two-bedroom apartments. Similarly, residents will benefit from personalized services, including 24-hour valet, security, and maintenance on-site.
For AED 650,000, you can buy a fully furnished studio covering up to 400 sq. ft.
Emaar Beachfront establishment comprises 27 residential towers and 1.5 kilometers of sandy beach.
A total of 10,000 residential units will be delivered at Emaar Beachfront. Additionally, a selection of one to four-bedroom apartments offer endless views of Dubai Marina and the Arabian Gulf. Units already went on sale at Marina Vista, Beach Vista, or Sunrise Bay. Grand Bleu Tower by Elie Saab is already sold out. Residences perfectly complement the beachfront setting, with a clean-cut design, resembling Miami coastal luxury. All units come with large terraces and floor-to-ceiling windows. For example, selling trends for one-bedroom apartments start at AED 1,450,000 and AED 2,300,000 for two-bedroom apartments. A four-bedroom can sell for around AED 6,000,000.
Buying in installments
The market is currently abounding with apartments for sale in Dubai and attractive incentives from developers. They offer appealing payment plans for off plan properties Dubai. For instance, they’re giving free service fees for a year or more, waiving off Dubai Land Department fees and commissions. Such various payment plans differ from one developer to another and are particularly dependent on the type of off-plan project they are promoting.
Some developers encourage minimum payment upon booking while others offer zero down payment or several installments after property handover. However, before getting on the property ladder, you should carefully analyze all options. Paying in installments for a property is a widely popular trend, as the majority of buyers cannot make 100% upfront payments when buying real estate. Therefore, introducing a payment plan facilitates the ease and convenience of purchasing off plan property in Dubai over a number of installments and a fixed period of time.
Traditional Payment Plans
Traditional payment plans include a 60/40, 50/50, or 70/30 scheme, as in the case of Emaar’s The Cove. For example, this means the buyer must commit to paying 70% of the total property cost before handover and the other 30% after property handover. The fixed dates for payments will be specified in the Sales and Purchase agreement. Similarly, the post hand over payment plan is also quite popular. This usually follows the 30/40/30 scheme over five or even ten tears, post property completion.
According to Mr. Riyaz Merchant, Realty Force CEO, “The post-handover plans are best suited for both end-users and overseas investors as the buyers don’t have to put all the money at once, which gives them the leverage to buy a bigger property as the payment is spread for a few years,”
For instance, Sobha developer offers a three-year post-handover payment scheme for buying apartments in Sobha Hartland Greens at MBR City. Here, prices start at AED 680,000 for a one-bedroom flat. Furthermore, Emaar offers apartments at Beach Mansions in Emaar Beachfront on an 80/20 payment scheme, with 70% before handover and 10% post-completion, over two years.
Luxury apartments for sale in Dubai
Dubai is famous worldwide for its impressive skyscraper collection of posh, luxurious apartments and penthouses. Some of the most exclusive, high-end properties can be found in areas such as Downtown or man-made island Palm Jumeriah.
The area is the perfect definition of a “city-based” lifestyle, fast-paced, buzzing with vitality, charm, energy, all year round. Downtown is reminiscent of old New York where contemporary skyscrapers are a distinct feature of the district. Furthermore, residential properties offer upscale studios, one to four-bedroom apartments, or low-rise Souq-inspired apartment blocks.
IL Primo, Opera Grand, or The Address Sky Views are only some of the big sellers Downtown, offering majestic views of Burj Khalifa and Dubai Fountains, along with best-in-class facilities. Cosmopolitan living at its best.
IL Primo tower rises 77 storeys high and features four and five-bedroom penthouses and six-bedroom duplex penthouses. Sizes range from 5,253 sq. ft to 11,550 sq. ft, covering half or entire floors.
Prices start at AED 17,500,000 for a four-bedroom residence.
The Address Sky Views twin-tower complex sets a new benchmark for magnificent living. Furthermore, the majestic building comprises a hotel, serviced residences, and branded apartments that overlook the Downtown skyline. There are 166 hotel rooms and 531 apartments in the two buildings that connect via a unique sky bridge. Starting price for a one-bedroom apartment is AED 2,500,000
Apartments for sale in Dubai at Palm Jumeirah welcome you to a lifestyle beyond compare. One Palm by Omniyat is the epitome of superlative living, making it the ultimate address for elegance and exclusivity. So, if you are looking for the next level of indulgence and uncompromising quality, the one and only One is your next choice. The building rises on Palm Jumeirah’s premier plot, on the left trunk. From each angle of the building, you will witness a never-ending spectacle of 360-degree ocean views and Dubai skyline views.
There are a total of 94 units altogether, spanning over 25 storeys. Leather finishes, natural stone, and wood elements complement the Zen-like style and feel of these residences.
Prices start at AED 14,000,000
We have come to the most exclusive, bespoke luxury project in Business Bay which features a limited collection of 39 exquisite apartments managed by the famous Dorchester brand. The Residences Dorchester Collection Dubai embodies iconic elegance, glamour, and modern opulence. Therefore, the homes in Dorchester showcase flowless, timeless, classy interior design brought to life by Parisian award-winning Gilles&Boissier. Furthermore, they come fully furnished to the highest standard of elegance. Every detail, ranging from layout, size, and design is testimony to the subtle luxury at this prestigious address.
For example, the collection offers six penthouses with private swimming pools and a variety of two to four-bedroom serviced apartments. A penthouse covers as much as 17,000 sq. ft. and comes with five parking lots and 6 bathrooms.
Prices start at AED 17,500,000