Real estate market in Dubai

Since 2006, UAE visitors and immigrants have been allowed to buy Emirati real estate. Previously, only local residents could become UAE homeowners. In this article, we’ll look into houses prices in Dubai and prices of other sought-after properties.

Foreigners are allowed to buy homes in special areas called freehold zones. There are also leasehold zones, where properties and land plots can be leased for the period of 10 to 99 years. These areas are called leasehold zones.

Obligations in transactions

The seller is obliged to guarantee that the property being sold is not mortgaged so that the prospective homeowner has every right to sell the property.
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All debts and fees must be paid. The buyer must pay half of the property transfer fee if a standard sale and purchase agreement is concluded. All the necessary paperwork must be done on time.

Joint property ownership

Property joint ownership is possible in Dubai and is regulated by the new joint ownership law (Law No. (6) of 2019). According to it, jointly owned properties are divided into three categories depending on the common areas management:

• Master communities or megaprojects, where the developer is responsible for managing and maintaining common areas and facilities.
• Hotel projects, with the developer appointing a company to manage common areas according to the Dubai Land Department regulations.
• Other property projects, where a management company manages common areas and facilities.

Let’s compare prices in US dollars in Dubai’s most popular neighborhoods:

​Discovery Gardens
Studio (45 sq.m.)
$127,934

Discovery Gardens
1-bedroom apartment  (86 sq.m.)
$185,096

Downtown Burj Dubai
1-bedroom apartment  (80 sq.m.)
$367,470

Downtown Burj Dubai
2-bedroom apartment (115 sq.m.)
$517,180

Dubai Marina
Studio (45 sq.m.)
$190,540

Dubai Marina
1-bedroom apartment  (82 sq.m.)
$239,536

Dubai Marina
2-bedroom apartment (121 sq.m.)
$353,860

Jumeirah Village
Studio (40 sq.m.)
$125,212

Jumeirah Village
1-bedroom apartment  (74 sq.m.)
$185,096

Jumeirah Village
2-bedroom apartment (111 sq.m.)
$272,200

Jumeirah Lakes Towers
Studio (40 sq.m.)
$171,486

Jumeirah Lakes Towers
1-bedroom apartment  (70 sq.m.)
$231,370

Jumeirah Lakes Towers
2-bedroom apartment (115 sq.m.)
$313,030

The Greens
Studio (50 sq.m.)
$190,540

The Greens
1-bedroom apartment  (70 sq.m.)
$258,590

The Greens
2-bedroom apartment (121 sq.m.)
$381,080

The Palm (luxury)
1-bedroom apartment  (125 sq.m.)
$653,280
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The Palm (luxury)
2-bedroom apartment (165 sq.m.)
$871,040

The Palm (luxury)
3-bedroom apartment (214 sq.m.)
$1,170,460

The Palm (waterfront)
1-bedroom apartment  (102 sq.m.)
$353,860

The Palm (waterfront)
2-bedroom apartment (149 sq.m.)
$544,400

The Palm (villa)
4-bedroom villa (465 sq.m.)
$2,722,000

The Palm (villa)
5-bedroom villa (650 sq.m.)
$5,171,800

Jumeirah Beach Residence
Studio (65 sq.m.)
$299,420

Jumeirah Beach Residence
1-bedroom apartment  (82 sq.m.)
$353,860

Jumeirah Beach Residence
2-bedroom apartment  (115 sq.m.)
$476,350

Jumeirah Beach Residence
3-bedroom apartment  (162 sq.m.)
$626,060

The Springs
2-bedroom apartment  (167 sq.m.)
$435,520

The Springs
3-bedroom apartment  (232 sq.m.)
$639,670​

​However, you should keep in mind that these are approximate prices. Visit https://emirates.estate/ to see up-to-date prices and the most recent listings.