REAL ESTATE IN DUBAI. TOP 10 BEST AREAS

Dubai is associated with luxury, innovation and comfort. In 2023 the UAE was ranked among the TOP 5 popular countries in the foreign real estate market. The UAE offers the whole range of real property pieces of various types, classes, purposes and costs.

Let's consider prestigious areas of Dubai with the highest real estate prices: Blue Waters, Jumeirah Palm Jumeirah, Dubai Marina, Business Bay, Down Town, Dubai Marina, Meydan, Business Bay, Damac Hills, Emirates Hills, Jumeirah Islands and others.

Blue Waters is an island, a famous area with a Ferris wheel, chic restaurants, hotels and unusual promenade areas. The island offers views of the skyscrapers along the JBR Beach. It’s one of the most visited tourist locations. You can buy secondary real estate on Blue Waters Island, there are no new projects here.

Jumeirah is a low-rise area that stretches for 9 km of coastline. It is perfect for families to live in the UAE, but foreigners are not allowed to buy real estate everywhere in Jumeirah. Freehold estate projects, that is available not only to ‘locals’, are located near an atmospheric and unusual La Mer Beach and in the Bulgari Resort.

Jumeirah has predominantly low-rise buildings and villas which gives a special feeling of comfort against the backdrop of skyscrapers in the neighboring areas of Dubai. The infrastructure of Jumeirah is convenient for life, there are many supermarkets, restaurants, schools and kindergartens, clinics and parks.

Palm Jumeirah needs no introduction, the project was started in 2006. The palm-shaped tidal islands are famous for their real estate prices; Dubai is associated with such grandiose projects. The largest artificial island in the world, Palm Jumeirah offers villas, apartments in residences and townhouses for purchasing. Celebrities often buy real estate here to avoid attention and live and relax in privacy.

There are many hotels on Palm Jumeirah including the elite Atlantis Hotel, the large Aquaventure Waterpark, kindergartens, clinics, supermarkets, five shopping centers, boutiques and SPA complexes. Restaurants are mainly located inside the hotels.

The island is connected to mainland Dubai by a monorail – the only public transport.

In addition to Palm Jumeirah, the Palm Islands archipelago includes several artificial islands created for investment – the Palm Jebel Ali and the Deira Islands.

It is on Palm Jumeirah where the Billionaires' Row – the richest street in Dubai – is situated and this is the answer to the question about the prices of real estate here. The lots for selected buyers have the highest prices in the world.

Dubai Marina is an area adjacent to the Palm and it’s a must see for tourists. Majestic skyscrapers line the blue lagoons, where millions of tourists stroll all the year round. There is a lot of old housing stock here, but there are also new construction projects; real estate along Dubai Marina has high rental and investment potential. The area stretches along 4 km of coastline. There are many hotels, restaurants, boutiques there. At JBR Beach you can enjoy views of impressive skyscrapers and a giant Ferris wheel.

There are over 70 shops and restaurants located along the Walk promenade and a huge Marina Mall shopping center. There are two metro stations in the area as well as bus and tram routes.

Meydan is an area in Dubai famous for its unique Meydan Racecourse. Its length is 2.5 km and the stands accommodate 60 thousand people. There is also a golf course and a hotel there. It is an attractive investment area having a development and building plan. Real estate in Meydan City is represented by villas, commercial space and apartments. It is going to be one of the most modern and green areas.

Business Bay is a prestigious and beautiful area and its name reveals the main value of the location. It is the heart of business activity and the financial center of the Middle East. An artificial canal runs through the area, flowing into the neighboring elite area of Downtown Dubai. Real estate in this part of the emirate gives maximum rental income.

Numerous offices of the most renowned local and international companies operate in Business Bay. The real estate is represented both by commercial and office centers and residences. There are few park areas for walking with children, but there are kindergartens and primary schools.

Downtown Dubai is the area where the famous Burj Khalifa skyscraper, dancing fountains in the center of the Dubai Canal, the Opera and the Dubai Mall are located. This area is of particular value for tourism. The area was designed and built by the largest developer Emaar.

The real estate in Downtown Dubai is chosen by active people for whom social infrastructure, transport links, proximity to Sheikh Zayed Highway and to the airport as well as the availability of metro and bus stations are important. The disadvantage of the area is its distance from the beaches. Foreigners can buy real estate in Downtown Dubai; it is a freehold zone.

Damac Hills is a new elite area with numerous artificial water bodies and golf courses. The real estate is represented by villas and low-rise residences. The distance to the beaches is 12 km. The area is located in the suburbs of Dubai but has a high value due to its infrastructure and concept.

Emirates Hills is a green spot on the satellite images of Dubai, a cozy area of villas and park zones with artificial canals. Rich families and tennis and golf lovers live here, because the famous Montgomerie Club is located in the Emirates Hills.
2.5 - 3 km to the sea.

The Jumeirah Islands is a community of luxury villas adjacent to Emirates Hills, built on round cluster islands along canals. Immersed in greenery it has a special atmosphere of tranquility and country life.

Among the prestigious areas we should mention the coastal Umm Suqeim and the sail-shaped Burj Al Arab, the suburban Arabian Ranches, the Bur Dubai and others.

Dubai offers the best real estate investment opportunities. However the location is not the only factor that determines the value of a lot: the most profitable deals are related to work-in-progress residential projects versus those completed.

There are many skyscrapers built long time ago in prestigious coastal areas which already show the opposite price dynamics, become obsolete in comparison with innovative projects even in the suburbs of Dubai, far from the sea.

Each new district is based on a unique infrastructure concept and specialties from developers, a landscaping plan, an exclusive anchor: a large park, a unique building, a cultural center, a giant art object, a shopping center, a golf course and things like that. For example, the tallest skyscraper Burj Khalifa creates an atmosphere of luxury and grandeur around itself. Views of it increase the value of an apartment while the light shows brighten the whole area with a vibrant accent and are an attraction of Dubai.

We invite you to visit the Stay Property office in Dubai, where you can get advice on choosing real estate for any purpose: relocation, passive income, flip deal or simply for your own vacation. Our experts will be happy to answer all your questions!

Phone: +97-155-591-29-76

Address: UAE, Dubai, Business Bay, Bayswater Tower, office 1311