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How to rent out your apartment in Dubai? Real estate investment strategies

Buying an apartment for rent for a long time

Today I will tell you about real estate that is intended for rental: what to buy and what kind of income it generates. The number one strategy is to buy an apartment for long—term rental. Who is it suitable for?

This strategy will be interesting for those who do not want to use leverage and do not need installments. It is suitable for those who want to start earning rental income right away. For example, for people who have sold their real estate in another country, for example, in Russia, and want to invest this money in real estate in another country.

Let’s say you sold an apartment in Russia for 15 million rubles. Then you transfer this money to Dubai and buy a property here. This way you will be able to earn passive income, which will be significantly higher than in Russia, and, importantly, in foreign currency. In addition, you can buy an apartment under construction in installments, paying only part of the amount, and the other part when you receive the keys. This is also suitable for those who currently have some money on hand. They can invest it in such an apartment and, for example, use the money received from the business for the construction period. For many, this is a really convenient scheme. It’s great that you can use this free leverage. The risk level of this strategy is the lowest, and it is suitable for those who are not ready to take risks.

The entry threshold is $150,000 in the secondary market, when you need to have the entire amount on hand, and from $40,000 in the primary market. In this case, you, relatively speaking, pay 40 thousand dollars for the first installment and for transaction costs, and pay the remaining 110 thousand in installments for the construction period. Some developers even offer installments for several years after the construction is completed. If you want to rent out an apartment, then when it is ready, part of the rental income will help you pay off this installment plan.

The yield from long-term leases ranges from 6 to 8% per annum. For example, an apartment worth $150,000 will earn you $750 per month. Compare this yield with what an apartment in Russia would bring you for the same price, and you will see that the yield in Dubai is significantly higher.

As a rule, in Russia and Europe, the yield is 2-3%, with a maximum of 4% per annum. This is considered normal in these countries, while in Dubai such low yields are rare. I have never personally seen an object with such a low payback.

The advantages of this strategy

First of all, it is worth noting the low level of risk. The fact is that apartments in Dubai are rented out on long-term contracts that impose certain obligations on the tenant. If he wants to leave earlier, he will be obliged to pay you a fine.

It is not difficult to find a tenant for a liquid facility. In practice, those who are trying to rent an apartment for a long time in Dubai are faced with the fact that finding a good apartment at an adequate price is not an easy task. Therefore, the risk of downtime is minimal, and you can expect that your income will not be interrupted for a significant period of time.

Another advantage is that you will receive money in advance. In Dubai, when signing a long-term contract, your tenant will pay immediately for six months or three months in advance. This means that you will receive a large sum immediately and will not worry about payments every month. In addition, subsequent payments will also be guaranteed by checks. Your tenant will leave receipts with a date that will come in the future. This is called post-dated receipts. That is, the contract was signed today, the tenant paid for six months in advance and provided a check that can be cashed in six months, with the date indicated on it. Thus, the risk of not getting paid is minimal, and usually such situations do not arise.

Unlike other strategies, this one assumes a low entry threshold. You can buy an apartment with the minimum available budget in Dubai for only 150 thousand dollars. If we consider other strategies, the entry threshold will be significantly higher. It is important to understand that you do not have to worry about renting an apartment and controlling payments. All this will be handled by your agent. In addition, in the Dubai market, the commission is paid by the tenant, not you.

The disadvantages of this strategy

First, it is worth noting the relatively low profitability compared to other strategies that exist on the market.

Secondly, this strategy does not involve the possibility of using leverage. This could be a profitable addition, as the free installment plan provides good opportunities to increase income.

Thirdly, it is worth mentioning that the strategy is not highly flexible. In particular, in Dubai, if you rent an apartment for a long-term lease, you will not be able to suddenly evict the tenant and move into this apartment. In addition, selling an apartment with a tenant can create certain difficulties. The demand for such apartments will be limited, as potential buyers looking for housing for personal use will most likely not consider your option.

Now the rental price on the market is growing rapidly. For example, last year the average rent increased by 30%. At the same time, if you have rented out your apartment, you will not be able to increase the rent when extending the contract by an arbitrary amount that you would like. You will be limited by law and will be able to raise the price by no more than 10% after the first year of the lease and by no more than 20% when extended for subsequent years. Thus, in a growing market, your profitability will be lower than the market, as you will be limited by these obligations.

Areas for the purchase of apartments for rent for a long time

In which areas should I buy apartments for long-term rent? I would recommend considering the Jumeirah Village Circle (JVC) area. If your budget is limited and ranges from 150 to 200 thousand dollars, then you should pay attention to JVC. Dubai Hills is also a very interesting area for investment. The City Walk and Business Bay areas offer equally attractive rental options. You can learn more about these areas in the article Top 5 areas for Real Estate investment in Dubai in 2025.

Purchase of real estate for daily rent

The second strategy for buying an apartment for rent is to rent an apartment not for a long time, but for daily rent. This strategy is suitable for those who, firstly, want to receive a higher income, and, secondly, want to have more flexibility.

For example, very often I receive requests from people who say: “I want to buy an apartment so that I can come to it sometimes.” That is, in order for you to come to the apartment, it should not be rented for a long time. However, while you are not there, she can work and bring you money.

In this case, the strategy for buying an apartment for daily rent is ideal for you. I consider the risk level of this strategy to be average, because unlike long-term rentals, here you are more dependent on seasonality and various external events that may limit the tourist flow. As a result, your apartment may be idle for longer than is possible with a long-term lease.

For example, during the COVID-19 pandemic, long-term rental yields remained virtually unchanged because there were many people left in Dubai. Many were stuck in the city and could not leave anywhere, they continued to rent their apartments. And those who rented apartments for daily rent had to wait for the end of restrictions, since there were no tourists in Dubai.

The entry threshold for this strategy is higher than for the long-term rental strategy, and starts at about 350 thousand dollars. However, it is better to count on 500 thousand or more, because you have to buy an apartment in a tourist area. Accordingly, tourist areas are more expensive. If you buy an apartment in the GVC area, it will be more difficult to rent it on a daily basis. It is possible, but there are certain nuances.

If the option to buy an apartment under construction is suitable for you, then you need to have at least 90 thousand dollars on hand for all the first expenses. You will pay the remaining amount during construction in interest-free installments.

The profitability under this strategy ranges from 8 to 12 percent per annum. Sometimes it can be higher, but let’s focus on the averages. For example, an apartment worth 350 thousand dollars will bring from 2.5 to 3.5 thousand dollars per month. The indicated profitability already takes into account all the expenses that you have to bear, including the costs of the management company. Usually, management companies take 15-20 percent of the total revenue and deal with absolutely all issues: from furnishing and photographing to adding your listing to all popular booking resources. They also handle marketing, cleaning, check-in, and eviction. That means you won’t have to worry about these things — the management company will solve all the problems for you.

Advantages of the strategy

Advantages of the strategy: Firstly, the strategy offers high returns with an average degree of risk. This allows investors to make attractive profits while remaining within an acceptable level of risk.

Secondly, the strategy has flexibility. You can book an apartment both for yourself and for your relatives. While you are away in Dubai, you can rent it out. In addition, such an apartment is easier to sell than the one that is rented out for a long time. This is due to the fact that the apartment will be available after the transfer, and if a potential buyer wants to live in it, he can immediately move in.

Another advantage of this strategy is the lack of contract restrictions. This means that your income will grow with the market, which opens up additional opportunities for making a profit.

Disadvantages of the strategy

Disadvantages of the strategy. In this strategy, there is a higher entry threshold, as it is necessary to look for an apartment in a tourist area. In addition, you will be more exposed to external risks, such as the COVID-19 situation that I mentioned earlier. If you are planning to purchase an apartment for long-term rental, I recommend paying attention to the Marina, Downtown and Palm Jumeirah areas. There are also other options.

By Sasha Kosova

Istanbul Price Overview | January 2025

Today there will be an informative story. There is a myth that Turkey is a cheap country to live in, for tourists and travel. But, unfortunately, this has not been the case for a long time. Today I will show you an overview of prices in four popular places in our residential area. These will be prices at the bazaar, fruits, vegetables, as well as prices at Starbucks, McDonald’s and a regular grocery store. Let’s see how cheap it really is here, and compare prices. Well, let’s go!

Prices at the bazaar (Turkey, January 2025)

So, we came to the bazaar. We will find out the prices now. By the way, we haven’t been here for a long time, so this will be a bit of a novelty for us. Let’s go! There is a very tasty flatbread in lavash with butter at the bazaar. There are men here who make tea in a large kettle. Look at the radish — it’s just a giant mutant! So, the prices:

Fruit

  • Tangerines — 35 lire per kg
  • Large tangerines from Izmir — 50 lire per kg
  • Red apples — 40 lire per kg
  • Green apples — 40 lire per kg
  • Pears — 50 lire per kg
  • Oranges — 100 lire per 3 kg
  • Kiwi — 60 lire per kg
  • Grenades — 50 lire per kg
  • Quince — 50 lire per kg
  • Grapes — 80 lire per kg
  • Kishmish grapes — 50 lire per kg
  • Persimmon — 50 lire per kg
  • Bananas (local) — 55 lira per kg (foreign — more expensive)
  • Kumquat — 60 lira per kg
  • Dragonfruit is on sale, probably cheaper, as it is local
  • Mango — 40 lire per piece
  • Dates (fresh, on branches) — 150 lire per kg
  • Ginger — 50 lire per 100 g
  • Avocado (3 pieces) — 50 lira
  • Avocado (small, pitted) — on sale
  • Pineapple is on sale

Vegetables

  • Cauliflower — 60 lire per kg
  • Broccoli — 60 lire per kg
  • Pumpkin (already sliced and peeled) — 35 lira per kg
  • White cabbage — large heads, cut into quarters
  • Purple cabbage — 70 lire per kg
  • Tomatoes — 70 lira per kg
  • Regular red tomatoes — 50 lire per kg
  • Cucumbers (smooth) — 55 lira per kg
  • Sweet pepper is on sale, prices are not specified
  • Potatoes — 100 lira per 5 kg (there are large and early new potatoes)

Greens and root vegetables

  • Spinach — 50 lire per kg
  • Fennel — 70 lira per kg (presumably)
  • Beetroot — 40 lira per kg
  • Radish — 40 lire per kg
  • Black radish — 40 lire per kg
  • Leek — 50 lira per kg (give the white and green parts)
  • Carrots — 40 lire per kg
  • Arugula (local) — 20 lire per bunch
  • Mint — 15 lire per bunch
  • Dill — 15 lire per bunch
  • Green onions — 20 lire per bunch
  • Salad (head) — 40 lire
  • Parsley — 10 lire for a large broom

Eggs and pastries

  • Eggs — from 6.50 to 8 lire per piece
  • Huge rustic bread and tortillas are on sale (price not specified)

Olives and cheeses

  • Green olives — 270-280 lira per kg
  • Black olives — 150-300 lira per kg
  • Homemade cheese — 200 lire per kg
  • Chechila—like cheese – 270 lire per kg
  • Fresh, unpeeled olives are on sale, they look like grapes

Fish

  • Palamut — 175 lira per kg
  • Mackerel is on sale (price not specified)
  • Levreck (1 piece) — 70 lire
  • Mutton — 150 lire per kg
  • Unidentified rainbow fish — 150 lire per kg
  • Stavrit — 120 lire per kg
  • Chupros (similar to dorado) — 150 lire per piece
  • Black Sea salmon — 300 lire per kg

Mushrooms

  • Champignons — 125 lire per kg
  • Oyster mushrooms — 175 lire per kg

McDonald’s prices in Turkey (January 2025)

So, we’re moving to McDonald’s. This is my flower. Sasha bought it for me near the bazaar for 50 lire. I hope it will be as blue as its box. So, we’re really heading to McDonald’s. Thank God it was opened right next to our house, and we don’t have to go far. Well, let’s see the prices. Let’s choose the Russian language so that everything is clear. So, let’s start with the menu.

  • Big Mac — 190 lire
  • Hamburger — 135 lira
  • Cheeseburger — 140 lire
  • Double Big Mac — 210 lire
  • Big Tastie Classic (double) — 210 lire
  • Big Tastie with chicken — 180 lire
  • Big Mac Combo — 250 lire
  • Bucket with wings — 185 lire

For 185 lire, you can order a bucket with wings, strips, nuggets, onion rings and potatoes. And there’s also something like a cheeseburger—or rather, a chickenburger.

I like one promotion in the Mac Cafe: a drink and a cake for 95 lire. It’s more profitable than at Starbucks. Honestly, the toys in the Happy Mile are some kind of terrible hell. What is it anyway? The horror! I’ve already been tormented by these minions. I think it’s time to remove them, because they’ve been here too long. But the penguin, by the way, is not bad. He’s very cute. The interior is fresh and brand new, because it opened just two weeks ago, maybe a week and a half. Here you can sit outside, on the terrace, or inside the cafe itself.

Prices at Starbucks (Turkey, January 2025)

Well, let’s move to Starbucks. There will be a menu here, and you can click on pause to view the prices. We’ll try cappuccino soon. As always, they offer sandwiches here.

Seasonal drinks

  • Toffee Nut Latte — 120 / 135 / 145 lear
  • Toffee Nut Cream Cold Brew — 120 / 135 / 145 lear
  • Toffee Nut Frappuccino — 120 / 135 / 145 lear
  • Gingerbread Latte — 120 / 135 / 145 lear
  • Gingerbread Frappuccino — 120 / 135 / 145 lear
  • Gingerbread Cream Iced Chai Latte — 120 / 135 / 145 lear
  • Fudge Brownie Hot Chocolate — 120 / 135 / 145 lear
  • Pumpkin Spice Latte — 120 / 135 / 145 lear
  • Pumpkin Spice Frappuccino — 120 / 135 / 145 lear
  • Pumpkin Cream Cold Brew — 120 / 135 / 145 lear

Espresso and more

  • Latte Cafe — 89 / 99 / 109 lear
  • Tea latte — 105 / 119 / 132 lear
  • Mocha with white chocolate — 120 / 135 / 145 lear
  • Americano — 75 / 85 / 95 lear
  • Filter coffee — 70 / 80 / 90 lear
  • Latte macchiato — 89 / 99 / 109 lear
  • Cappuccino — 89 / 99 / 109 lear
  • Caramel macchiato — 115 / 130 / 135 lear
  • Mocha — 115 / 130 / 140 lear
  • Hot chocolate — 105 / 119 / 132 lear

Snacks and more

  • Sandwich — 120 lira
  • Sweets — from 95 to 130 lira
  • Bun with bread and cheese — 100-120 lire
  • Bun with bread and cheese — 120 lire
  • Lemon cake — 75 lire
  • Muffin — 85 lire
  • Thermostat — 490 lira
  • Turkey—themed mug – 400 liras
  • Set of two glasses with lids — 480 lire

By the way, did you know that Starbucks is changing green aprons to red ones closer to the New Year to create a festive and cozy atmosphere? I really love this Starbucks — it’s beautiful and huge. There is a lot of space inside, there is a second floor.

FILE Grocery Store Prices (Turkey, January 2025)

So, well, we’ve already moved to the grocery store. The store is called “FILE”. It seems to me that this is an analog of the “Crossroads” in Russia. At least we have a very similar store in Rostov. Let’s look at the main products and their prices.

Butter and dairy products

  • Butter 250 g (branded) — 82 lira
  • Butter 250 g (other company) — 100 lire
  • Butter 350 g — 170 lire
  • Yogurt 140 g — 30 lire
  • Kefir — 43 lira
  • Lactose—free kefir – 60 lire
  • Milk 1 liter — 35 lire
  • Cottage cheese 400 g — 87 lire
  • Processed cheese for burger — 125.90 lire

Meat and meat products

  • Beef tenderloin 1 kg — 525 lire
  • Beef for goulash 1 kg — 450 lire
  • Steak 1 kg — 860 lire
  • Chicken legs 1 kg — 105 lire
  • Chicken fillet 1 kg — 200 lire
  • Chicken liver 1 kg — 57 lire
  • Chicken wings 1 kg — 140 lire
  • Chicken thighs 1 kg — 110 liras

Sausages, ham and sausages

  • Chicken sausages 260 g — 155 lire
  • Turkey sausages 430 g — 145 lire
  • Smoked turkey 60 g — 22 lira
  • Beef ham 90 g — 170 lire

Eggs and semi-finished products

  • Eggs 15 pcs — 81.50 lira
  • Crab sticks 250 g — 205 lire

Cereals, legumes and pasta

  • Ordinary rice 1 kg — 53 lira
  • Rice of another brand 1 kg — 120 liras
  • Rice 2,5 kg — 150 liras
  • Bulgur 1 kg — 43 lira
  • Quinoa 500 g — 200 lira
  • Chickpeas — 52 lira
  • Buckwheat — 90 lire
  • Green lentils — 106 lire
  • Red lentils — 40 lire
  • Barilla pasta — 42 lira

Sweets and snacks

  • Milka chocolate (at a discount) — 55 lire
  • Bueno Kinder chocolate — 34.50 lire
  • Lay’s fluted chips 96 g — 35 lira
  • Lay’s regular chips 100 g — 35 lire

Drinks

  • Coca-Cola 1 liter — 35 lire
  • Coca-Cola Light 1 l — 35 lire
  • Fanta 1 l — 35 lire

Bread

  • White bread (670 g) — 35 lire
  • Brown bread — 30 lire
  • Baguette — 28 lire
  • Bread with seeds — 42.50 lire
  • Bread with bran — 35 lire

Butter and sugar

  • Vegetable oil 1 liter — 73 lira
  • Vegetable oil 5 l — 280 lire
  • Sugar 1 kg — 26 lire

Household chemicals

  • Fairy Apple dishwashing detergent 1.5 l — 117 lire
  • Perwoll washing powder for color 3 l — 125 lire
  • The average powder price for other fabrics is 170 liras.

What I want to say at the end. Unfortunately, Turkey is not spared by inflation. Prices are rising. When we arrived, a cup of coffee at Starbucks cost, in my opinion, 35 lira, but now it’s more than 100. With the same exchange rate against the ruble, prices can really change every day, because inflation in Turkey is very high and fast.

Unfortunately, I have never noticed that prices are falling. Well, maybe there were a couple of times, but I think it’s related to the adoption of some laws. Yes, it’s more an accident than a rule. Therefore, Turkey has not been a cheap country for a long time. Many people say that it is even more expensive here than in Europe. I can’t say for sure, since I haven’t been to Europe myself and I don’t know the current prices.

That’s it, bye everyone, thanks for watching! All the best!

Will the Dubai real estate market collapse in 2025?

Today I will reveal the burning topic of how things are going in the real estate market in Dubai in 2025. Is it overheated or not overheated? To buy or not to buy? What are the advantages? What are the disadvantages? There is an opinion that the Dubai market is overheated, and prices are about to collapse, and everything is gone. In fact, let’s look at the real numbers and see if that’s the case.

Dynamics of the Dubai real estate market over the past 15 years

Take a look at this chart. It shows the dynamics of the market over the past 15 years in terms of the number of transactions in all areas of the city. Obviously, the market has grown several times since 2019, and it does not stop growing. Pay attention to the graph that shows the data for 2024. These are not just beautiful numbers — these are real data and statistics on current transactions, which are then used to forecast for the coming year. Accordingly, we see that the growth continues. Now you can see a chart of price changes in terms of transaction volume in monetary terms. It’s all the same.

Now take a look at the chart showing the price per square foot. Based on these data, we can reliably conclude that prices continue to rise, the market is developing, the number of transactions is increasing, and the volume of this market in monetary units is growing.

Return on investment when buying property in Dubai

Despite the fact that prices have increased significantly and the threshold for entering the market has also increased, it is important to pay attention to the fact that the return on investment, that is, your profitability, has not decreased. This is due to the fact that the cost of rent is also increasing.

Therefore, it is important not only to consider how much money you need to invest, but also how much interest you will be able to return within a year. In this regard, it does not matter that the market price has increased. It is still a very profitable investment.

Annual rental payback in Dubai

For example, you can get 7-8% per annum net from a long-term lease. While in Russia and Europe, this figure is only 2-3% per annum. For example, yesterday I passed by a house that I really liked in Moscow, and decided to go to the TSAN website to see how much the apartments cost there. As a result, I found that apartments in this area cost an average of 55 million rubles for a two-bedroom apartment with an area of 60 square meters.

I was wondering how much it would cost to rent such an apartment. I checked the rental price of this apartment on the same TSAN website and realized that it is about 120 thousand rubles per month. A simple calculation makes it clear that the payback period for such an apartment exceeds 40 years. When I evaluate the profitability of properties in Dubai and see that the payback period exceeds 16 years, I understand that this is an abnormal situation, and I will not offer such options to my clients. The payback period should be a maximum of 16 years for a long—term lease, and ideally 12-13 years.

Who is buying a property in Dubai. The most active investors are Indian citizens

In fact, this market has always been incredibly international. For example, in 2020, buyers from Russia ranked sixth in the list of the largest buyers of real estate. In 2022, buyers from Russia moved to positions between the second and third places.

The largest market is the Indo-Pakistani one. Historically, for many years it has been Indian clients who buy the most real estate in this region. In addition, this market is very popular with the British, who occupy the second place among buyers. Dubai also has a large presence of people from China, Canada and various Middle Eastern countries who also purchase real estate.

Therefore, one should not think that the cooling of Russian demand in any way significantly affects this market. If you want to find out which areas are currently profitable for investment, but you only know about an area like Dubai Marina, leave a request. The link to my website is in the description. I’ll give you a consultation and tell you more.

Taxation of individuals in the UAE and Dubai

I would like to remind you once again that Dubai has extremely favorable taxation. Personal income is not taxed. Accordingly, if you have bought an apartment and are renting it out, you will take the entire amount for yourself. If you bought an apartment and resold it for more in six months, then you also take the entire amount for yourself. You have no restrictions; no taxes arise. This has a very positive effect on demand and on how the market is developing.

For Europeans, this factor is usually the key. You know what taxes are in Europe. Therefore, this market is becoming very attractive to Europeans. Their share continues to grow, which also supports demand and prices.

Expats allow the economy to grow

It is extremely important for the authorities of the United Arab Emirates that demand does not cool down. It is expats who allow the economy to grow. The indigenous population of the United Arab Emirates accounts for only 18% of the total population in the country. Therefore, if expats decide to withdraw their money, the economy will come to an end. In this regard, the government is very worried and takes care that the market develops and prices do not fall anywhere. This is necessary in order for investors to continue to be interested in entering this market.

How often can a landlord raise the rent in Dubai?

For example, it was recently allowed to raise rental prices by 20% after the contract was extended for a second year. Accordingly, previously, if you bought an apartment and rented it out, you could raise its price by no more than 10% every year. Now, starting from the third year, you can raise the rent by 20%. This is very good for investors, because rents are growing rapidly. Thus, income and return on investment have increased as leases have become more marketable, even on old contracts.

Disadvantages of the Dubai real estate market

Now let’s move on to the cons. There is extremely high competition in Dubai. If you want to purchase a liquid object, you need to stand in line. You need to participate in lotteries. It is also important to work with a broker so that he can add you to the list and you can book a unit before the official start of sales.

That is, really attractive liquid objects are sold in a matter of hours, even if it is a 60-storey skyscraper. Therefore, it is important to understand that it is not so easy to buy a good object.

The volatility of the real estate market in Dubai

And this is another reason why you need to be very careful about who you work with and choose a broker, taking this nuance into account. Of course, there is market volatility, and growth is followed by a plateau, and there may be some kind of decline. This is absolutely normal. The Dubai market may also experience volatility. There’s nothing unusual about that. And the good thing about real estate is that if there is a downturn in the market, you just don’t need to sell the property at that moment. Just leave it and wait for the market to grow again. But if it suddenly happens that you need to sell the property, well, then you will have to sacrifice your income and sell it, for example, at the price at which you bought it. There’s nothing you can do about it.

The cheapest apartments in Dubai. What do they look like and what is included in the price

Dubai has a fairly high entry threshold. The fact is that economy-class housing is not being built in this city in the usual sense. Even the most budget-friendly option, and I remind you that prices start at $150,000, includes security, a swimming pool, a gym, and beautiful landscaping.

The apartment will be finished, it will already have a kitchen installed, and the price includes a parking space. That is, even the most budget-friendly option in Dubai is a very strong premium class by Russian standards. Therefore, if your budget is less than this amount, you simply won’t find anything suitable in Dubai. Unfortunately, there are no super simple options provided here.

However, there is some good news. All developers offer interest-free installments. Thus, you can enter into a deal with only 30-35 thousand dollars, and then pay in installments during the construction period. In some cases, you will have a couple more years after the house is ready to complete the installment payment.

Top 5 areas for real estate investment in Dubai in 2025

Which areas of Dubai are the best selling properties?

Let’s look at the statistics on which areas sold best in 2023. So, look at this chart. What do we see here?

In terms of sales in 2023, the Jumeirah Village Circle area, abbreviated as JVC, took the first place. The next area is Dubai Marina. Dubai Marina is probably the most famous area, which is often found on postcard views, and you’ve no doubt heard of it. The next area is Business Bay. It is located near Downtown Dubai, meaning it actually surrounds the area. The Business Bay is in fourth place. This is the area in the center of which stands the Burj Khalifa. In fifth place, we see the Dubai Creek Harbor area.

Let’s take a closer look at each of these areas.

Jumeirah Village Circle (JVC). A modern residential area located in the central part of New Dubai

Let’s start with JVC. JVC is a residential residential area that is located near the Marina and the famous Palm Tree. This is a fairly popular residential area. It’s green, it’s been around for a long time, so there’s everything you need to live there: supermarkets, cafes, hairdressers, and so on. This is a fairly rare situation when you have everything you need within walking distance in Dubai. As a rule, people have to go to the pier. By the way, JVC has its own pier. This area is distinguished by its relatively low cost.

As we can see from our statistics, in 2023 the average bill for housing here was 836 thousand dirhams. Let me remind you that the US dollar is directly linked to the dirhams. Accordingly, the exchange rate of the dirham has not changed for many years. When we talk about profitability and prices, it is always a fixed rate. It is 3.65.

That is, if we take the amount in dirhams, we need to divide it by 3.65. This is the bank rate, and the exchange rate is slightly higher. Focus on 3.65 and you will receive the amount in dollars. The JVC area is for those with a small budget, because it is there that you can buy a good apartment in a high-quality house for a starting budget of 150 thousand dollars.

Such a house will usually have a swimming pool, gym, parking space, and the apartment will be fully finished. At the same time, there is a very good payback, and it is higher than the average in Dubai. Through long-term rentals, on average, people earn 7-8% per annum in net income there, after they have deducted all their expenses.

Therefore, if you have a small budget, pay attention to this area. As we can see from the official report, prices in JVC have increased by 26.7% over the past year. This is a very good result, and it is above the average in Dubai. Therefore, be sure to consider this area.

Is Dubai Marina an overrated area?

The next area we’ll talk about is Dubai Marina. This is the most popular area. There are a huge number of requests for real estate here. It all starts with the fact that people want to buy an apartment in Dubai Marina. Friends, this is not the only neighborhood that exists in Dubai. If you really want to live in Marina, be sure to consider it. But don’t forget that there are other options.

Look at the chart. The average price of an apartment in this area last year was 2.5 million dirhams. At the same time, as you can see, prices there have fallen by almost 1%. This happened because in 2022, many people from Russia, experiencing high demand, actively bought units in the Marina and were ready to pay any money. As a result, prices there have increased dramatically.

As the chart shows, then prices started to fall. This high demand has overheated the real estate market in the area, which is directly related to its popularity among the Russian-speaking audience. Therefore, the international demand in Dubai was slightly disrupted here, since many investors from Russia came to this area.

They contributed to the overheating of prices, and we are still seeing a decline. As for the profitability in the long term, it is not very high there, precisely because the apartments were bought at an inflated price, and the rental price remains on the market.

However, if you like Marina and you want, for example, to come here yourself or rent an apartment for daily rent, this is a good option. The daily rent here is efficient, the apartments are well and expensively rented, and the occupancy rate is high.

Business Bay. One of the trendiest residential and business centers in Dubai

Now let’s look at the Business Bay area. This is a good option for investors. The average price of an apartment in this area is one and a half million dirhams. We can see that the price has increased, but only slightly. Nevertheless, Business Bay is an interesting area because it is still actively being built up. Because of this, it is growing organically in price, even though there is a certain bias, and the current price growth has slowed down slightly, as they had been rising more actively before.

Despite this, prices in Business Bay will continue to rise because the area is developing dynamically, and there are still many construction projects and vacant lots. Unlike Marina, where there are practically no vacant lots, there is a potential for price increases in Business Bay, as the development of the area continues.

Therefore, a Business Bay can be considered if you have an average budget and you are looking for an option that will work well on a long-term basis. In addition, the short-term rental option works well here, as people come to the area not only for beach holidays, like in the Marina, but also for business, shopping, and so on. It is also worth noting that Business Bay is just a stone’s throw from Downtown and Dubai Mall.

Downtown. The Burj Khalifa is located here. The very center of Dubai

Let’s move on to the Downtown area. It is also one of the most famous areas, thanks to the Burj Khalifa. The situation here is similar to the one in the Marina area. The average price for a Downtown apartment is almost 2.6 million dirhams, and we see that the price has also dropped by 2%. Thus, the situation is absolutely similar to that observed in Marina.

Therefore, if you want to buy an apartment in this part of the city, pay attention to what is around. In addition, it is worth noting that this area will work well for daily rent.

Dubai Creek Harbour. New coastal area 1 minutes from the center of Dubai

And the last one on our list is Dubai Creek Harbor.

Dubai Creek Harbor is a huge project by developer Emar. This developer is the most famous and largest in Dubai. Among his achievements is the construction of the Burj Khalifa.

The project includes the development of the area for many more years. Aimar aims to make this area a new downtown. There is already ready-made real estate there, as well as many facilities under construction and will continue to be built.

We are currently seeing a 15.2% increase in prices compared to last year. This is a good indicator. I noticed that earlier prices in this area were not growing so well, but now they have started to accelerate. The demand for housing has increased here, and the secondary market is actively growing.

Therefore, we recommend considering this area at the moment.

In addition, I want to tell you about several other areas that are worth paying attention to. Despite the fact that they did not enter the top in terms of sales, these places are really cool. Their absence from the top is explained by the fact that they are more compact and it is difficult for them to compete with such large areas.

Dubai Hills. The “green corner” in the city center. From the developer Emaar

Pay attention to the Dubai Hills area. I really like this area because it is conveniently located. It is residential and sleeping, that is, it is not located in a tourist location, but at the same time it can be reached anywhere in the city in just 15 minutes. That’s why the residents really appreciate this area.

Dubai Hills is being fully developed by developer Emar, which makes it an integrated development. It has a very pleasant infrastructure, a large modern landscaped park, and by and large there are no more parks like this in Dubai. This area is rapidly gaining popularity, and property prices are rising there.

Nevertheless, the area still has huge potential, as it is being built further. The more the area is ready, the closer the prices are to the final ones, which are already stabilizing and will not rise significantly above the market.

The average cost of an apartment in Dubai Hills was 1.7 million dirhams. Growth was recorded at the level of 3.7%. The fact that we see a slight increase is generally not bad, as it means that prices have not had time to overheat yet. Therefore, if you buy an apartment there now, you will have time to take advantage of the growth rates that will ensure you a good payback.

City Walk — “a city within a city” by MERAAS

Another area is Wolf City. This is a residential area, the developer of which is Miraas. It is a complex building.

City Wolf is very pleasant, fashionable and low-rise. It is only 10 minutes from Burj Khalifa and downtown. This area is great for renting, and prices are rising very intensively here. Nevertheless, there is still potential for growth in the City of Volk.

Just a week ago, we conducted a large study for a client who is interested in investing in this area. There is also another cluster that is still under construction. This project is called Central Park. We carried out calculations for Central Park, and we got very positive figures.

Of course, we are guided by real benchmarks, which gives confidence in the data obtained. Therefore, we strongly recommend that you consider investing in City Wolf. The average cost of an apartment in the area is about 4 million dirhams, and prices have increased by 36.8%.

Palm Jumeirah. One of the most prestigious areas of Dubai, a popular tourist attraction

And finally, let’s talk about the famous Palm Jumeirah. Despite the fact that this area is very famous and has existed for a long time, there is still a lot of potential in it.

The average cost of an apartment in Palma is 4 million dirhams, and prices have increased by 7.4% in recent years. This area is ideal for short-term rentals, and it is very pleasant to live there. The Palm has many options, including its own beaches.

In addition, investments in villas here are very profitable, although they require significant investments. We are talking about an amount starting from 40 million dirhams, but this is a really powerful investment that is growing well in value. Flipping and other investment strategies are also possible in this area.

Therefore, if you have the opportunity to allocate such a large budget, the Palm Tree option will be an excellent solution for you. As you can see, there are many different areas in Dubai, and you should not limit your search to just the Marina or Downtown. Be sure to pay attention to other areas and use all the opportunities that are currently available on the market.

Turkey introduces new rules for tourist residence permit: requirements and prospects

Updated on October 20, 2024

The Turkish authorities have again updated the conditions for issuing tourist residence permits – let’s see who can get a residence permit for tourism in connection with the latest innovations:

  1. Owners of real estate in OPEN areas (with a TAP value of less than 200 thousand US dollars). Family members of the owner (spouse and minor children) can also obtain a residence permit for up to 2 years.
  2. Foreigners who plan to stay in Turkey for a long time for tourist purposes. For them, a residence permit can be issued if there is a paid hotel reservation and air tickets in both directions, for the duration of the reservation at the hotel.
  3. Pensioners are foreigners with a confirmed income of at least 1.5 minimum wage per person (the minimum wage now stands at 17002 TL) and the presence of a pension certificate. The period for issuing a residence permit is up to 2 years (for citizens of the Russian Federation up to one year).

Do not forget that now the UETS address (notification of the national electronic notification system) is required to apply for a residence permit.

Earlier, in April 2024, the Turkish migration service Göç Idaresi had already introduced innovations in the procedure for issuing and extending a tourist residence permit (residence permit). According to this policy, foreign citizens are provided with a tourist residence permit for up to six months, with the possibility of extension, which depends on the level of financial expenses of the tourist in Turkey. The same innovations apply to owners of real estate purchased at a price below 200,000 US dollars, until October 16, 2023.

New criteria for extending a residence permit

One of the key changes was the introduction of a financial threshold for extending a residence permit. Now, in order to extend a tourist residence permit, it will be necessary to show expenses at the level of at least 1.5 minimum wage (minimum wage) In Turkey, per tourist for each month of stay, it is about $825. This condition is designed to stimulate the economic activity of foreign citizens in the country, thereby contributing to an increase in tourist and other types of expenses.

The purpose of innovations

According to representatives of Göç Idaresi:

This measure is aimed at attracting wealthier tourists and investors who can make a significant contribution to the country’s economy.

It is expected that such changes will not only increase tourism revenues, but also contribute to the creation of new jobs and improve the quality of service in the tourism sector and related industries.

The demand for buying real estate in Turkey, for example among Russians, fell by almost 90% in 2023-2024. The collapse in demand is caused by inflation in Turkey and the complication of the procedure for issuing a residence permit in the presence of real estate. Thus, innovations in the procedure for issuing and extending a residence permit are also designed to restore demand for housing in Turkey.

Influence on foreign citizens

For many foreigners who are used to using Turkey as a place for a long vacation without significant financial investments, the new rules may become an obstacle. At the same time, those who are ready to engage in active economic activity will find new business opportunities and long-term residence in the country in these changes.

Long-term perspective

These changes underline Turkey’s desire to strengthen its position as an attractive tourist and business destination. The measure concerning financial expenses for the extension of a residence permit raises the bar and makes Turkey more attractive to high-income foreigners. This, in turn, can increase the country’s competitiveness in the international arena, strengthening its economic and social stability.

Thus, the innovations in the procedure for issuing and extending a tourist residence permit in Turkey reflect the country’s desire to adapt to changing economic realities and maximize the benefits from the growing flow of foreign tourists and investors.

The admission of foreigners to work in Turkey was allowed without five Turks

The Turkish Ministry of Labor and Social Protection has simplified the process of obtaining work permits for foreigners, which has long been expected by the business community. According to the new conditions, companies with an annual income of over 50 million Turkish liras can now attract up to 5 foreign workers without meeting additional requirements. The remuneration of foreign employees will be based on the current level of the gross minimum wage at the time of application.

Turkish business has long asked for a review of the requirements for the employment of foreign citizens in order to solve the problem of staff shortages. The Ministry of Labor responded to these requests by implementing updated rules for obtaining work permits for foreigners. The new rules, which came into force on October 1, 2024, are aimed at attracting qualified specialists and investors to the country, as well as eliminating the shortage of local qualified workers in some industries.

Conditions for obtaining work permits

Companies with an annual income of at least 50 million liras can hire up to 5 foreign employees without having to meet the requirements for the number of local employees. However, enterprises using balance sheet accounting must provide at least 5 jobs for Turkish citizens per foreigner.

For new enterprises, the minimum paid-up capital for applying for a work permit for a foreigner is 500 thousand Turkish lira. For operating companies, the requirements include either paid-up capital of at least 500 thousand liras, or annual sales of 8 million liras, or exports of at least 150 thousand US dollars.

For simple partnerships, at least one of the partners must meet one of the following criteria: paid-up capital of 500 thousand liras, annual sales of 8 million liras or exports worth 150 thousand US dollars.

Minimum wage for foreigners

The minimum wage for foreign workers will be calculated based on the current gross minimum wage at the time of application. For top managers and pilots, the salary should be at least five times the minimum wage, for engineers and architects – at least four times, for managers — at least three times, and for skilled workers — at least two times. In other sectors, including domestic work, wages cannot be lower than the minimum.

Exceptions to the new requirements

Some foreign citizens are exempt from these conditions, among them:

  • Foreigners whose family members are Turkish citizens (parents, children).
  • Persons with a humanitarian residence permit.
  • Victims of human trafficking with a residence permit.
  • Stateless persons.
  • Foreigners with a long-term residence permit.
  • Persons who have been married to Turkish citizens for at least 3 years.
  • Citizens of the Turkish Republic of Northern Cyprus.

How much does seaside property cost in Dubai?

Imagine you’re on such a gorgeous beach. As they love to say in Dubai, by the big water. And here, in the future, there will be a large port. Imagine waking up in the morning, stepping out of your apartment, walking just 20 meters, and finding yourself on such a luxurious private beach. You swim or go for a run along the sea, and in the evening, after work, you go for a sunset walk with your spouse. You enjoy the sunset and have a delicious dinner. Who wouldn’t dream of living like this? I think everyone would.

That’s why today we will explore all the popular waterfront districts and locations. We’ll take a look at these areas and compare them, because the most popular places aren’t always the best for living or the most attractive for investment. We’ll also discuss the areas where people truly want to live, including expats.

Bluewaters Island

Today, we will be moving from west to east and exploring Dubai’s coastal areas. The first area I’d like to talk about is, of course, Bluewaters Island. Here it is, the first stop, and we can see the famous Ferris wheel.

What stands out about Bluewaters Island is that it’s one of the few areas that has shown a tremendous price increase over the past five years. The cost of real estate on this island has risen from 2,100 dirhams per square foot to an average of 5,000 dirhams per square foot, showing more than a twofold growth.

Bluewaters Island is new, and in fact, it’s truly new, as the island was only completed in 2018, just eight years ago. By the way, the island was built by the company Mirasa. It’s no coincidence that we’re starting with this area — this is a man-made, artificial island.

Today, we’ll be looking at several artificial islands. I’ve mentioned several times on our channel that although Dubai is by the water and it’s a coastal city, there isn’t enough waterfront real estate on the first shoreline. That’s why, back in the early 2000s, the authorities of the United Arab Emirates, specifically Dubai’s authorities, came up with the idea to build artificial islands to extend the first shoreline. This was done to generate more revenue, build more waterfront properties, more hotels, and attract even more tourists.

This project is still actively developing, which is why some artificial islands, like the well-known Palm Jumeirah and Bluewaters, are thriving. Their prices are increasing, they are highly sought after, and, for example, in winter, demand for Bluewaters even exceeded supply. It was very difficult to find a decent apartment for a yearly lease — everything was very expensive. In fact, everything here is truly expensive.

Real Estate Prices on Bluewaters

When it comes to prices on Bluewaters Island, if we’re looking at one-bedroom apartments, you can expect a price of around $1.5 million. Of course, you can search and find something for $1.4 million. I’ve seen some apartments sold for $1.4 million — which is around 5 million dirhams. Such deals have indeed taken place.

There are no limitations here; you can find one-bedroom, two-bedroom, and three-bedroom apartments, as well as townhouses with separate entrances. These options are simply stunning and delightful. There are apartments with renovations and without, so there are plenty of offers available.

Rental Prices on Bluewaters

As for rent, one-bedroom apartments currently go for an annual rental price of between $90,000 and $120,000 per year. This depends on the specific apartment and the unit itself.

If you’re feeling discouraged, thinking you’ll never be able to afford waterfront property in Dubai, keep in mind that this is one of the most expensive areas, Bluewaters. Next, we’ll talk about more affordable areas.

We’ve all understood that Bluewaters is a fantastic and expensive area, and its value has increased. Let’s talk about why prices have risen so much and what factors contributed to this growth.

Why Property Prices Are Rising on Bluewaters

Why has this island become so popular? Why are people willing to pay such high prices for rent and purchase here? The thing is, if there weren’t people willing to buy property here for such prices, those prices wouldn’t exist.

Firstly, it’s about the location. Bluewaters is right next to Dubai Marina, just across the canal. You can walk there, as there is a pedestrian bridge and promenade. However, despite its proximity, it feels like they’ve removed all the downsides and inconveniences of Dubai Marina. Everyone knows that Marina, especially Dubai Marina, has traffic jams. On Bluewaters, there are no traffic jams. They have a separate highway and a dedicated bridge that leads directly to the main road.

Parking on the island itself is very expensive, and generally, the people driving on Bluewaters Island are either residents, guests staying at the hotel — there’s only one hotel — or people coming to dine at a restaurant. This means the traffic here is quite low.

Secondly, Bluewaters Island was built by the state-owned company Meraas. This company is known for constructing high-quality projects. Additionally, the development here isn’t high-rise. Many people prefer low-rise developments because it allows for a more peaceful and relaxed atmosphere. This has been a huge advantage for this project.

The third point is that the island was very well designed. On one side, there’s a tourist promenade. You can walk from JBR to Bluewaters and stroll along the tourist promenade, which is located next to the Ferris wheel, restaurants, and plenty of tourist shops. It’s all very impressive.

However, if you think about where the local residents go for walks, they can head to the other side of the island, where there’s absolutely nothing: no shops, no cafes, no restaurants. There’s only a beautiful sea view and park areas with benches where people jog, walk their dogs, and enjoy the peaceful surroundings. This area is not closed off — anyone can enter, but it has a small, neat entrance, so mostly residents walk there. Tourists usually have no reason to be there since there are no establishments or retail outlets.

On Bluewaters Island, all the best amenities are gathered. You live just 25 minutes from the city center, not far from Dubai Marina, but at the same time, you are on a quiet and peaceful island where you can enjoy low levels of noise pollution and beautiful sea views. If you go to the other side of the island, you’ll find a huge number of great restaurants, entertainment, and clubs. You can always walk to the street with clubs and restaurants, so you will never be bored.

At any time, avoiding traffic jams, you can drive on your personal bridge to the highway and reach the city in 25 minutes. We’ve found that everything on Bluewaters Island is great — only positives, no negatives, especially if you have 1.5 million dollars to buy a one-bedroom apartment. Yes, everything is really fantastic, but the price is quite high.

JBR District in Dubai Marina

The next district we’ll talk about is JBR, located in Dubai Marina. Let’s clarify a few things. This island with the Ferris wheel — that’s Bluewaters. We are currently in JBR, and behind the JBR area is the Dubai Marina district. If you look to the right of JBR, you can see the high-rise buildings, and that’s already Dubai Harbour. We’ll discuss them in the next topic since they are nearby.

And behind Dubai Harbour, you can see the buildings that are already on the Palm, as well as the famous Atlantis Hotel. That’s why people, especially those who don’t live in Dubai, often perceive the Dubai Island, JBR, Dubai Marina, and Dubai Harbour areas as one large district. However, that’s not entirely the case: these areas are neighboring and are close to each other. If you walk from the terrace through all of JBR to Dubai Harbour, it will only take you about an hour. The distance is one and a half kilometers. So, it will be a long, one-hour walk, but still, in just one hour, you can walk from Bluewaters through all of JBR to Dubai Harbour.

Pros of the JBR and Dubai Marina Areas

In this article, we will focus on two neighboring areas: Dubai Marina and JBR. Let’s start with the pros and cons of these locations.

One of the main advantages is the presence of an excellent public beach. From Dubai Marina, you can reach this wonderful beach in 10-15 minutes to relax with a towel, sunbathe, or swim. This is a huge plus, especially considering that despite the large amount of waterfront property in Dubai, there are actually very few easily accessible places where you can easily walk to the beach. This is a big rarity here.

As for Dubai Marina, another advantage is the availability of public transportation. Although the metro is being actively expanded throughout Dubai, it is not available everywhere yet. However, Dubai Marina already has a functioning metro and tram, making it easy and quick to move around the area or get to the city center.

Another benefit of this area is its affordability. Dubai Marina is one of the most accessible seaside areas. You can find a good one-bedroom apartment starting from 1,600,000 dirhams on the secondary market. This will be a decent apartment, and the rental cost for such a unit is around 120,000 dirhams per year.

The Dubai Marina and JBR areas have many advantages. They are fully developed and ready for living, offering all the necessary infrastructure. Almost all the free plots have already been built up, and there is a full-fledged shopping mall where you can walk to shop or buy groceries. Additionally, this area has several kindergartens and a large number of cafes and restaurants. In short, the entire infrastructure is fully operational.

Cons of the JBR and Dubai Marina Areas

As for the downsides of Dubai Marina, there are a few points that might be considered disadvantages for some residents. Firstly, the area is considered old, as construction began in the 2000s, and although there are still new buildings being developed, older ones remain next to the new developments. For some, this might be a downside, while others may not pay attention to it at all.

Secondly, the area is fully built up and ready for living, which leads to traffic congestion, especially during the tourist season. At this time, the area is crowded, and the beaches become packed with people. For some, this can be a drawback, as they may dislike being stuck in traffic. However, others might prefer having an apartment in such a location where they can quickly reach the sea, walk along the promenade, and enjoy being close to the beach. For them, this area is unrivaled.

Real Estate Prices

Today, we won’t delve too deeply into the real estate market in Dubai Marina because things are relatively straightforward. Most buildings here were constructed by the same developer. There is a difference in prices, but on average, this can amount to just 50%, depending on the type of apartment and the floor. In Dubai Marina, prices can vary much more. For example, the cost of one-bedroom apartments can range from as low as 1 million dirhams for apartments that are unfortunately in poor condition. Decent, well-maintained apartments on the secondary market start from 1,600,000 dirhams.

Additionally, you can consider new developments, such as the Kempinski project, where the infrastructure will be of the highest quality. For such developers, prices start from 3,200,000 dirhams for one-bedroom apartments.

If you’re interested in this topic, you can download a catalog from the website. We’ve compiled a list of the top 15 best projects in Dubai Marina, including both primary and secondary market options in various price ranges. You can download the catalog, review the information yourself, and if you have any questions, don’t hesitate to contact our specialists. They will be happy to answer any questions you may have.

Dubai Harbour and Emaar Beachfront

The next location we want to discuss is Dubai Harbour and Emaar Beachfront. It’s interesting because this is an entirely new area where everything will be brand new: all the buildings are fresh and beautiful, and it also boasts a magnificent marina. The scenery is stunning, and this location certainly has its pros and cons. Let’s quickly go over them.

Starting with the positives: First, this is a completely new district, and all the buildings will be of high quality. It’s also worth mentioning that there’s a distinction between Dubai Harbour and Emaar Beachfront. Emaar Beachfront is being fully developed by a master developer, Emaar, which is a government-backed developer that built Dubai Marina and Downtown Dubai. They are also currently working on another interesting community, which we’ll discuss later. As for Dubai Harbour, a variety of different developers are involved, but all the projects are also presented at a high level. Let’s focus more on Emaar Beachfront, as there are currently many offers available on the primary, secondary, and rental markets.

Pros and Cons: Dubai Harbour vs. Emaar Beachfront

The first advantage worth mentioning is the presence of a private beach. You always have access to the beach, and you can walk to it in just 2-5 minutes. This is undoubtedly a huge plus for those who want to go for a morning run or simply swim in the sea.

The second advantage is that the area is completely new and modern, with well-developed infrastructure. Everything here is beautiful and new. There are also plans for the construction of a road that will significantly improve transportation accessibility to the area. As a result, you will be able to reach the city center in 20-25 minutes without traffic.

However, this location also has certain drawbacks. The first one is more of a matter of taste. When we talk about such a premium community, some may expect low-rise buildings for a more tranquil atmosphere. But here, high-rise buildings will be constructed by various developers, and the development is quite dense, which might not appeal to everyone.

If you choose an apartment in Emaar Beachfront, be prepared for a lack of peace and quiet. Dubai Harbour will be under construction for the next five years, so during that time, you will likely experience construction noise, dust, and the ongoing development around you.

Property Prices

As for prices today, a one-bedroom apartment at Emaar Beachfront can be purchased starting from 2,300,000 AED. It’s important to note that Emaar never builds studios; their minimum apartments are always one-bedroom and quite spacious. The area of one-bedroom apartments is about 70 square meters. If you want an apartment with a beautiful sea view and a good location on a higher floor, be prepared to pay from 2,900,000 AED for similarly spacious units. In my opinion, every dirham is worth it.

You can also consider purchasing an apartment on the secondary market and moving in. Alternatively, explore projects currently being built in Dubai Harbour by other developers. Remember, you can always contact us for more comprehensive and detailed information.

If you’re considering renting an apartment at Emaar Beachfront, the average price ranges from 130,000 to 200,000 AED per year for one-bedroom apartments. This cost depends on the floor and specific features of the apartment.

Palm Jumeirah

The next location we’ve arrived at is Palm Jumeirah. When it comes to Palm Jumeirah, it’s not just another waterfront district, nor is it simply a residential area by the sea. This is one of the symbols of Dubai, alongside Burj Khalifa. Choosing to live on Palm Jumeirah means residing on one of the iconic landmarks, which is undoubtedly very cool. Like any other area, it has its own pros and cons. Let’s quickly go through them.

Pros of Palm Jumeirah

The first thing to note is that living on Palm Jumeirah is undoubtedly prestigious. It truly is a symbol of Dubai. Aerial views of the Palm from a helicopter are some of the most memorable images of the city.

Secondly, the infrastructure is impressive. The Palm has absolutely everything. There are shopping malls, cafes, bars, and restaurants—every amenity you might need. Additionally, the stunning sunset views and beautiful landscapes, both of the Palm itself and the sea, are remarkable.

Every villa, hotel, and apartment complex has access to the beach. If it’s a villa, it includes access to a private beach. Honestly, I’ve lived in Dubai for quite a while now, and I’ve noticed that when people first arrive, they often explore various areas of the city. However, over time, I frequently hear that they want to live specifically on Palm Jumeirah. You gradually tire of the hustle and bustle of the city.

Cons of Palm Jumeirah

The first con to mention is that there is only one exit from the Palm. This creates some traffic problems. Therefore, during peak hours, exiting the Palm can be challenging; you may have to wait in traffic for a bit. However, if you choose to live in the center of the Palm, often referred to as the trunk, exiting is much easier. If you live on the fronds, especially at the ends, it can take 20-25 minutes to exit the Palm, which requires some time.

Another interesting point regarding the cons is the price. However, this isn’t entirely a negative, as the prices are reasonable. New apartments start at around 3.6 million dirhams for a one-bedroom unit. Of course, there is a secondary market, but often the apartments on the secondary market may be less appealing compared to the primary market, which offers new and modern units.

Renting on Palm Jumeirah

When it comes to rentals, the price for one-bedroom apartments ranges from 140,000 to 180,000 dirhams per year. However, as I mentioned, this typically applies to older buildings. Palm Jumeirah was developed nearly 20 years ago, with occupancy starting in 2008. On the other hand, if you’re into flipping properties—such as buying apartments, renovating them, and then reselling—Palm Jumeirah is a fantastic location for that. It has become very popular for flipping.

In terms of prices, renting a villa with new renovations can cost three times more than renting a villa with older renovations. This can significantly boost your return on investment (ROI) for rentals. You can also resell the villa for a profit. The situation with apartments is similar; they require less investment compared to villas.

Community on Palm Jumeirah

So, who chooses to live on the Palm? These are people who want to combine the quiet island lifestyle with life in a major metropolis. Here, for example, you can live in an apartment and then head to the stunning, uncrowded, and peaceful beach. You’ll be able to enjoy beautiful views, clean water, and go for morning runs.

Moreover, there’s a park here. In fact, it’s one of the few parks where people actually engage in sports; many jog and practice yoga here. Almost all of the Palm is pet-friendly, meaning you can bring dogs and pets to all the parks. Most cafes also allow pets, so if you have furry friends, this location is worth considering.

In general, you can find everything you need for life on Palm Jumeirah: parties, clubs, bars, restaurants, and shopping centers for leisurely strolls. It’s always just a 25-30 minute drive to the heart of the bustling metropolis—downtown Dubai. This is the splendid Palm Jumeirah.

If you’re already in love with Palm Jumeirah but think that 3,600,000 dirhams is a bit steep for a one-bedroom apartment, I’d like to remind you that we have another location that closely resembles Palm Jumeirah, with an entry threshold that is half the price.

Maritime City and Rashid Yachts and Marina by Emaar

The next two locations we will discuss are Maritime City and Rashid Yachts and Marina by Emaar. I’ve combined them into one section because they are located very close to each other. The tall tower you see is already part of Maritime City, while we are currently in the Rashid Yachts area. So, both of these locations are adjacent.

Unlike the previous locations we’ve visited, there isn’t much here at the moment. However, you can still notice the beautiful marina that already exists, along with adequate infrastructure: palm trees have been planted, roads are laid out, and overall, it looks very appealing.

What’s planned for the future? There are plans to create a large port and a major marina. Additionally, cruise liners will dock here, which will bring a flow of tourists to the area.

Property Prices

As for the current prices in this area, as you can see, there isn’t much available except for one tower from Emaar located in Maritime City. This is the benchmark to consider. In the secondary market, studios can be found starting at 1.1 million dirhams. These studios are already being rented out for 75,000 dirhams a year. For one-bedroom apartments, the average price is around 1.8 million dirhams, with similar apartments renting for up to 115,000 dirhams annually.

But don’t rush to calculate your profits in this location just yet. As you can see, there’s nothing here. Imagine, people are paying 115,000 dirhams a year to rent a one-bedroom apartment in an area where there are virtually no amenities. There’s one small shop, a little kiosk, and there’s one café over there. Everything looks nice, of course, but there really isn’t much here at the moment.

According to Dubai’s development plan for 2040, this area is set to become another popular tourist and residential location. The development plan also includes a large tourist center. As I mentioned earlier, cruise liners will be docking here, and a large marina will be constructed. Additionally, a substantial community is being developed.

Emaar, the state developer that built areas like Downtown and Dubai Marina, does not construct standalone buildings; they only develop complete communities. Here, they are also creating a fully integrated residential complex that will include schools, nurseries, parks, and a huge 500-meter swimming pool. This will be a fully residential area with all the necessary infrastructure.

Currently, you can consider a one-bedroom apartment starting at 1.6 million dirhams for a spacious unit that is expected to be ready around 2027-2028.

Advantages of Maritime City

One of the main advantages of this location is undoubtedly its waterfront setting. However, all the areas we’re discussing today are near the sea. Here, there will also be a beautiful promenade where you can step out of your home and take a stroll.

Additionally, this area is very interesting. Even now, you can drive to the center of Dubai in just 20-25 minutes. We can see the Burj Khalifa, and in the future, a new interchange is planned, which will significantly simplify access to the center. This will allow you to travel without traffic jams and reach your destination in the same 20-25 minutes.

Certainly, all these advantages make this area very attractive from an investment perspective. However, it does have its downsides. The most obvious one is that there is no beach and likely never will be. This is because there’s a port and marina in the area, and another port on the opposite side in Maritime City. Thus, you shouldn’t expect a beach here. Nonetheless, the nearest beach can always be reached by car in 5-7 minutes.

Dubai Islands

We’ve finally arrived at our last location for today, and as promised, this is the most exciting and investment-attractive area—Dubai Islands.

In the past year, in addition to the master developer Nakheel, which is building these islands, ten other major developers have joined the project. Currently, there are 18 new projects under construction. Can you imagine those numbers? This is one of the few places where some of the most interesting apartments are still available for sale at launch. The most attractive units are often sold out even before the official sales begin, with investors purchasing multiple apartments or entire floors.

Let’s briefly discuss why this location is so appealing. First of all, just look at the beauty of the surrounding landscape! Wouldn’t you want to wake up every morning to such a wonderful view? You can easily step out of your home, cross the road, and find yourself on a stunning beach. Unlike Palm Jumeirah, where there are small inlets, here you have large, beautiful beaches.

It’s worth noting that there is no waterfront location in Dubai where property prices haven’t risen. It’s essential to remember that properties on the first coastline always appreciate in value.

Another interesting aspect is that Dubai Islands comprise four large islands covering a total area of 6 kilometers. One of these islands will be the Green Island, which will feature golf courses. Golf courses by the water are unique, and in my opinion, these will be the only golf courses in Dubai located right by the sea. Additionally, this island will host villas and sports facilities, including tennis courts and stables. Ultimately, all these islands will be fully developed with villas, and this particular island will be the only one with hotels and apartments.

Investments in Real Estate on Dubai Islands

Why should property prices rise here? Just look over there at the huge shopping center. Why are shopping centers so important in the United Arab Emirates? The thing is, it’s hot here for four months of the year, and people need a place to shop and walk around. That’s why shopping centers solve this issue.

This shopping center, I’m not sure if it’s bigger than Dubai Mall, but it’s definitely larger than Mall of the Emirates or about the same size. So, those who have been to Dubai can imagine the scale of this complex. It will have absolutely everything: cinemas, cafes, restaurants, clinics. All the infrastructure that will be on the island will essentially fit in one place.

The location here is also interesting. Even now, we can get from Dubai Islands to the city center in 25 minutes without traffic. Yes, there is traffic in this part of the city, especially during rush hours—morning and evening. But they are already building two new exits from this island and there will be two new bridges that will allow for a traffic-free journey to the center of Dubai in a pleasant 20-25 minutes.

Imagine this: you’re lying on the beach, you get into your car, and in 20 minutes, you’re in Dubai’s business center. Even on Palm Jumeirah, this is not possible. There’s a large concentration of people and cars there, traffic jams, and the journey takes about 40 minutes. Here, accessibility will be much closer.

By the way, since we mentioned Palm Jumeirah, the most relevant comparison for Dubai Islands would indeed be Palm Jumeirah. This is also a man-made island, primarily focused on beach tourism. There will also be a combination of residential and hotel complexes, meaning there will be space for both tourists and permanent residents.

New Developments on Dubai Islands

Currently, if we look at new developments on Palm Jumeirah, the price for a one-bedroom apartment is around 3.6 million dirhams. On the second shoreline, a number of excellent apartments are being built. As I mentioned, there are a total of 18 projects underway here, and one of the latest is a fantastic project by the developer Imtiaz. We really like Imtiaz as a developer; they have good quality and build well. The Beach Walk 3 project recently started, with prices for one-bedroom apartments starting from 1.9 million dirhams for spacious units.

It’s worth noting that there won’t be any studios here; the project is approved by Nakheel, the master developer. If there are any small apartments, Nakheel does not approve those projects, as they want to make the island more luxurious. Therefore, the minimum units are one-bedroom apartments, with sizes ranging from 68 to 72 square meters, making them quite spacious.

Another unique aspect is that the island is being constructed very quickly. Nakheel has decided to expedite the development and sells plots to developers, giving them only four years to complete the project. Thus, most of the projects currently under construction are expected to be ready by 2026-2027. Essentially, a large part of the island will also be ready by that time, and by 2026-2027, it will be possible to live here comfortably and peacefully.

So, if you have any questions about this island or any of the previous locations we visited, feel free to reach out to our specialists directly. Ask them any questions you have, and they will be happy to assist you.

Real estate in Dubai, UAE

TOP 5 best beaches in Dubai

What is the sea like in Dubai

Hello everyone If you are reading this article, then most likely you have either recently arrived at the seaside in Dubai, or are just going to come here and are looking for the best beach for yourself. You might be interested in some secret location where only locals relax, or a beach where locals go. In general, you are looking for a beach that can be called the best of the best — one that is not shown on the map.

But I want to disappoint you right away: there is no such thing here. On the sea in Dubai, every square centimeter of the area is visible. If there is a beach, then it is either private or public, and it is marked on the map, that is, everything is as transparent as possible. Nevertheless, today we will look at the main public beaches that are good options for recreation.

Public beaches in Dubai

Today we will look at different places to get to. Some beaches are within walking distance, others can be reached by car, and there are places that can only be reached by taxi. There are also beaches where you can drive directly to the territory.

The beach at JBR

Let’s start with Abu Dhabi and look at the first beach that comes our way. This beach in the JBR Dubai Marina area is one of the most famous areas in Dubai among Russian—speaking people. Despite the fact that the beach is very wide and long, I will immediately note the first drawback: this entire strip of beaches is divided into private hotel beaches, where sun beds are located, and public, so to speak, municipal beaches, where anyone can come and sit with their towel.

Пляж в JBR

As you can see, there are quite a lot of people in the area where they are allowed to rest. None of the beaches here are closed or fenced, so you can walk along the sand to the very end at any time. However, if you enter the hotel, you will not be disturbed. But as soon as you put down your bag or put a towel on the sand, the security service will immediately approach you and tell you not to do that.

As for the advantages of this beach, firstly, it has absolutely all the infrastructure: cafes, restaurants, embankments. You can take a walk, use the showers, changing rooms and toilets — it’s all very clean and accessible. In addition, you can get here by metro, which makes this beach popular with people who do not have cars. They choose this particular beach because it is convenient to get to it by metro or tram and then enjoy swimming and sunbathing.

It is very convenient for those who live or relax in the area: you can leave the apartment and walk to the beach in just 5-7 minutes, which is really cool, wide and beautiful. However, if you already live in Dubai and you have a car, then there are much more interesting beaches that we will also look at today.

Dubai West Beach

I suggest we move to the second beach, to the second location. The next beach that I would like to show is West Beach, located on a palm tree. I walked all along this beautiful coastline and found out that there are no public beaches here. All these beaches belong either to beach clubs or hotels. The situation here is the same as in Dubai: as soon as you want to put down a towel, the guards will immediately approach you.

However, you can walk here, so you can come, enjoy the walk and take great photos with views of the Marina, Beach Front and JBR. Even from here you can see the Ferris wheel on Bluewaters. But you can’t just come for a swim and sunbathe on a palm tree.

As for beach clubs, this is a recreation format where you can swim, sunbathe, listen to a DJ, hang out and have a delicious meal. If you go to the beach club, the price tag starts from 200 to 300 dirhams per person, and this deposit can be spent on drinks and food. If you are interested in this format of recreation, but you want to save a little, then there is a place called Barasti. It is located on the Marina, specifically in that part behind Café Pronto. People over the age of 21 can enter there for free, they must have an identity card with them, for example, a passport or an Emirates ID, and they must not have any drinks with them, neither water nor alcohol. Then you can just get into this beach club and buy anything you want there. Or you can just sunbathe, swim and listen to the DJ without buying anything.

Пляж West Beach в Дубае

As for transportation, there are several ways to get here, including by car and taxi. By the way, if you go by car, there is free parking nearby – look carefully at the map, there is a large free parking lot five minutes from this point. If you decide to use public transport, then the most convenient option is to take the subway to the station, and then transfer to the monorail. The monorail station is very close by.

The next beach that I would like to show you was the only beach in the city center that could be reached by car, but unfortunately it is closed. But that’s okay, we’re going to the next location. Next in line will be Jumeirah Public Beach, Kite Beach and Jumeirah Beach.

Why did I combine them? Because from here begins a running, walking and cycling path that stretches for 5 kilometers along all these beaches. Here you can walk, bike, rollerblade or go for a run, as there is a very cool treadmill.

Jumeira Public Beach

This is the first location — Jira Public Beach. He’s changed a lot. Construction started here, which I didn’t know about. It used to be one of the quietest and most peaceful beaches, because there were not a huge number of cafes and restaurants here. You could have come quietly, just relax on the beach. This is where most of those famous Instagram photos with the sail were taken.

Recently, the construction of a new building was completed here, and, by the way, the sail is now half closed, so it will no longer be possible to take the famous photos next to the Parus Hotel. So, let’s move on. I suggest going through this whole story, because there is a small port here, and then go to the night beach and my favorite beach – Beach. There’s a much more interesting picture there.

We walked literally 10 minutes and found ourselves on the next beach — Night Beach. I will not say at every beach that they are all equipped, except for where you can go by car. That means there are public toilets, showers and changing rooms everywhere. Everything is clean, everything is cleaned literally every 30 minutes. There are also public spaces: benches, cafes, restaurants. Here you can eat, drink coffee, in general, anything you want. By the way, you may notice that the inscriptions are duplicated in several languages, including Russian.

Пляж Jumeira Public Beach

Right now we are on the night beach. Why is it nocturnal? People are swimming here now too. This beach is open 24 hours a day. When I moved here, it was new information for me that there are no wild beaches in Dubai — all beaches are public, and they are all equipped and guarded.

When the sun goes down, at about 5:30-6:00 p.m. in summer, and later at 7, a special employee passes by and expels all people from the sea. Special lighting equipment is installed on the beach, which illuminates the area well. There are several beaches in Dubai where you can come and swim at night. Therefore, there is no need to complain that there is no place to swim at night in Dubai. You can also see that there are quite a lot of police officers here, and they check the documents of many. So everything is safe, wallets are not stolen here, and you can come, leave your bag and go swimming. Of course, we don’t do that.

By the way, the beach line, especially Kite Beach, is the most popular among Russian-speaking people. There are also many Europeans vacationing there, because there is always something to do there. You can come to work: there are many tables where you can just work with a computer, as well as a large number of different establishments with a variety of cuisines where you can have a delicious meal overlooking the sea. Here you can practice a variety of sports: there is a running track, horizontal bars. You can also practice various water sports. Even here you can see the guys riding jetskis. It’s like a whole broth with jetskami! Personally, I really like it.

Why do I come here for a vacation? Because there is an open sea and an open space here. These are not artificial bays, there are no artificial islands here. You can say that you are swimming in the open sea. Unfortunately, there is no subway or public transport service. You can get there by some bus, but most likely you will be waiting for him at the bus stop for an hour. So, of course, you will go either by car or by taxi. In my opinion, the most convenient way is to get to Kite Beach, where you can walk, sit, eat, and swim. I go to the neighboring beach, Jumeirah Beach. It’s literally a 10-minute walk there, but Jumeirah Beach is much more free. There are fewer people resting there, and you can settle down, swim and relax. And for all the entertainment, you can go for a walk along the embankment, it’s literally 10 minutes to Kite Beach. In my opinion, this is the most convenient.

La Mer Beach

Of course, in the format of a beach issue, you can’t ignore a beach like Mer. It is a very beautiful beach, and there is a wide promenade on this side. There are beaches on my right, but they are currently being upgraded. Almost everything here is closed, but it is worth noting that on the one hand it provides an opportunity for a more relaxing holiday, as it is really very quiet, peaceful and sparsely populated. At the same time, the beach remains very beautiful.

La Mer Beach

I don’t often go to this beach, probably because I live in a completely different part of the city. But this beach is very pretty, so if you want to diversify your vacation and visit some new location, this beach is definitely worthy of your attention. I’m walking right now, and to be honest, I’m very surprised. Because they’ve been trying to develop this location for a long time. All the buildings here were created in such a style to attract tourists.

Everything is closed at the moment, but in any case, I don’t think this location will remain empty for long. This place is a real find, not far from the center and next to the sea. I am sure that modernization will be carried out here in the near future. And now, if you want to enjoy the peace and quiet, shoot interesting content and take cool photos, then feel free to go to Mer Beach. You will not lose!

Al Mamzar Beach Park

Well, the last place I would like to talk about today is Al—Mamzar Beach Park. It will be ideal for those people who want to go barbecue on the beach. There is such a place here too. Admission costs 5 dirhams — literally, it’s very inexpensive. The park is fully equipped, very beautiful, with green lawns and green palm trees.

Al Mamzar Beach Park

At the same time, you can book a barbecue there, come, roast kebabs and swim in the sea. There are also interesting beaches with beautiful views of the Ry area. And by the way, we have reached a new location, a new location, and you can see that active construction is already underway here. That is, it is possible that soon it will all be demolished, removed and something else will be built. So I recommend enjoying this place while it’s still here.

By the way, you can see behind me, even from here you can see the Burj Khalifa. That is, it’s really possible to get to the city center by car in literally 15 minutes, probably. Well, I hope this article will be useful for you, and you have learned new information for yourself. When you come to Dubai for a vacation, you will be able to visit different beaches, enjoy different locations and take cool photos.

If you are interested in real estate in the United Arab Emirates, then be sure to write to us and we will send you an interesting document with real estate offers up to 150,000 dollars on the first coastline, from where you can walk to your nearest beach.

Real estate in Dubai, UAE

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