Property in Jumeirah
Property in Jumeirah is an affordable opportunity to expand your investment portfolio by owning some of the most prestigious properties in the UAE. The area is listed as a freehold zone, ensuring that the residential stock is available for foreigners to purchase. Villas and townhouses remain the most popular type of housing stock in the area. Apartments can be found in low-rise residential developments.
The community area consists of several clusters: Jumeirah 1, 2, 3, City Walk and Jumeirah Bay Islands. It’s located in the coastal area and has a well-developed inland infrastructure, ensuring that the housing in the community is suitable for foreign buyers as an investment or as an option for seasonal holidays or relocation. Expats can apply for a Golden visa when buying an apartment or house to reside in. Its duration depends on the specific cost of the property in Jumeirah.
The area is dominated by the Burj Al Arab. The sail-shaped hotel is one of the major attractions in the UAE. Visitors to Dubai are also attracted by the two popular and well-maintained beaches -Jumeirah Beach and Kite Beach. The pace of life is aimed at those who appreciate premium property in Dubai and the opportunity to live within walking distance of the sea.
Residents have access to numerous amenities, including cafés and restaurants, shops, shopping centres, gyms and sports fields in each cluster. The infrastructure of the Jumeirah Bay Islands community fully embodies the atmosphere of the resort. The Bulgari Resort hotel, modern marina and yacht club are also situated here.
Property prices in Jumeirah, Dubai, UAE, depend directly on the type of dwelling and the comfort level:
- Studio flats can cost AED 776,000 (USD 211,000)
- The average price of a 1-bedroom residence is AED 1.4 million (USD 381,000)
- A 2-bedroom residence can be bought for AED 2.5 million (USD 685,500)
- The price of a 3-bedroom apartment is AED 4.1 million (USD 1.1 million)
Villa prices range from AED 4.57 million (USD 1.2 million) to AED 26.4 million (USD 7.2 million).
The highest prices for property in Jumeirah are in the Jumeirah Bay Islands resort. Here, a 1-bedroom apartment is up for sale for AED 4.5 million (USD 1.2 million). A villa in Dubai in this community costs AED 6 million (USD 1.6 million). The price ranges allow you to choose an object for different budgets and purposes.
Property investment in Jumeirah
Buying property in Jumeirah for investment and permanent residence will combat inflation. The houses and apartments in Dubai are increasing in price so dwellings can always be profitably resold. It’s more profitable to invest in assets from developers if you are considering a short-term strategy to profit from. The housing stock is sold at the best bargain prices during the launch phase.
Businessmen can also expect to profit from renting out their homes. Annual rents can range from AED 39,000 (USD 10,600) for a studio flat to AED 333,000 (USD 90,600) for a 4-bedroom residence. Investors who purchased a villa to rent out can expect to receive an annual income of up to AED 550,000 (USD 150,000). The final figures depend on the area of the house and the comfort level.
Penthouses remain the most attractive investment as they are exclusive due to the limited nature of this type of real estate in the area. Penthouse rentals can reach AED 700,000 (USD 190,500). It’s important to bear in mind that as housing prices rise, so do rents, offering the prospect of a year-on-year increase in income.
Buy property in Jumeirah on Dubai-Property.Investments
The site contains the most current offers in the real estate market of the community. The search system has filters to help you find properties by type, number of bedrooms and price per your budget. Prices are calculated in rubles, euros, and dollars. Agents are always available to answer any questions you may have regarding your choice of accommodation. They’ll help a foreigner to buy a property in Jumeirah with a guarantee of legal security of the transaction and registration of ownership in the Dubai Land Department. Start your search for overseas real estate right now!
