Residential Real Estate

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Dubai’s residential real estate continues to boom despite the global financial crisis. This can be attributed to the rapid increase in population, influx of expatriate workers from around the globe, and a booming tourist industry.

Dubai is the city of the rich, poor, and a large middle class, and meets accommodation needs for all these groups well. Residential real estate in Dubai caters to all needs and budgets and includes homes, apartments, and villas. Apartments in Dubai range from studio to 5 plus bedroom apartments with varying facilities and prices. Apartments are available for sale as well as for rent, with prices varying as per location, facilities, and type and size of the apartment. For single expatriates in the city, studio apartments are the most preferred accommodation choice.

Another good option for both the single resident and visitor is apartment sharing – they can share an apartment with friends, family, or coworkers to save money. For those for whom budget is not much a constraint, furnished and serviced apartments and grand suites in Dubai’s finest hotels are good options.

Villas in Dubai are a great accommodation option and one of the most expensive too. In comparison with apartments in Dubai, villas are in fewer in number and cost much more. However, the facilities and amenities that villas offer are exceptional. Villas in Dubai include furnished villas, serviced villas, and holiday villas. Like apartments, rates for villas vary according to the location, size, and facilities offered. The age of the property also affects its price.

The demand for holiday properties is also on the surge due to Dubai’s booming tourist sector. These properties include holiday apartments, holiday villas, beach resorts, condos, and other such real estate for short-term rental. Long-term rental properties are also available all over the city and other emirates such as Abu Dhabi, Sharjah, and Ajman.