All real estate in Dubai, UAE

Location, climatic conditions, and economy

Dubai is a metropolis and port in the UAE, located on the coast of the Persian Gulf.

The climate is arid (dry desert), very hot. The average temperature in the warmest month, August, is +35°C, sometimes exceeding +40°C and reaching up to 50°C. Winters are not particularly hot - +19°C. Precipitation in the form of rain, as a rule, from February to March; precipitation is almost impossible from May to October.

The following sectors of the economy are developed in the city: oil production, oil and gas and petrochemical, metallurgical, fish, shipbuilding, crafts, services (trade, banking, tourism, etc.)

Market and real estate prices in Dubai

In 2022 (second quarter), the Dubai real estate market grew 1.5 times and reached a ten-year high. Sales volume increased by almost 50% compared to the same period in 2021. Real estate in Dubai is still in great demand, despite the constant rise in price. The purchase of real estate in Dubai (secondary housing) accounted for more than half of all registered transactions. Most investors prefer real estate in connection with the desire to participate in the "golden visa" program (acquisition of citizenship by investment), since most European programs of this kind have been suspended.

In addition, Dubai is attractive to wealthy investors with the highest level of infrastructure near private houses and residential complexes, the use of modern technologies in facilities under construction, logistics, and the service sector. Residential real estate in Dubai is characterized by comfort. The new buildings are interesting because they offer premium class projects. Buying a residential property in Dubai is expensive, the prices are high, but the investment provides an appropriate quality of life and income.

However, the demand in this city for commercial real estate is especially unprecedented, which stimulates an increase in prices per square meter: in some areas, a square meter already costs more than $9,000. Interest in commercial real estate is dictated by the availability of international business programs supported by the UAE government. Experts note that in the short term, growth in this segment will also continue, in 2023 prices will rise in the region by 5-7%. Foreign investors can purchase real estate with restrictions on territorial zones.

Estimated cost of real estate in Dubai (min. per sq. m):

• apartments: 35 sq.m, studio - 250,000 USD, 70 sq.m, 1 bedroom - 450,000 USD, 1400 sq.m, penthouse, 4 bedrooms, 100 m from the sea - 17,000,000 USD,
• villa (depending on area, number of bedrooms, location, pool, garage) - from 500,000 to 25,000,000 USD,
• commercial premises: office - 1500-5500 USD, shop - 3500-4500 USD,
• land plot - from 200 to 10,000 USD.

Due to the high dynamics of price changes, you should use the information on the objects that is relevant at the time of the request.

Property types for sale

primary and secondary fund:

• residential (apartments in apartment buildings: duplexes, lofts, penthouses, private houses: villas, townhouses),
• commercial: manufacturing (industrial enterprises), trade (shops, shopping centers, financial centers, supermarkets), hotels, warehouses, offices, etc.;
• land plots.

The GEOLN.COM real estate website allows you to search for a suitable option without an intermediary in the catalog of real estate objects (from the developer or owner in the secondary market), and get advice. The sale of real estate in Dubai is regulated by law, transactions are transparent and safe, but in order to minimize risks, it is advisable to use the information of experts and follow their recommendations.

Buying property in Dubai is an expensive investment that allows you to receive high rental income, live and do business in one of the richest cities with a high quality of life.