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Dubai's real estate market spans a variety of neighbourhoods, ranging from ultra-luxurious enclaves to state-of-the-art apartments and condos, serving both buyers and renters equally.
The diversity of options available across the Dubai housing market is one of the key factors contributing to the city’s reputation as a top place to live and work. It is also one of the most sought-after realty markets in the world, with foreigners allowed to buy and own property in any locality.
From historic districts like Al Fahidi and Bur Dubai to ultra-modern areas like Business Bay and Dubai Marina, or peaceful lifestyle-focused residential havens like Springs and Al Barari, the city has something for everyone. Most neighbourhoods also feature essential amenities, from grocery shops, pharmacies and clinics to malls, gyms and schools, plus multiple choices for services and conveniences.
Renting a property in Dubai – whether an apartment or a villa – is a hassle-free process. Rental prices vary based on multiple factors such as location, property type, quality, age of property, layout, views, market conditions and more. Generally, it is recommended to allocate no more than 30% of one’s income to rentals.
Average annual rental prices for accommodations ranging from one-bedroom apartments and bigger in some prime locations are as below (as of 2024):
Further information can be found on the Dubai Rental Index, a government initiative under the Real Estate Regulatory Authority (RERA). The rental calculator available here is updated annually to ensure customers can access accurate rental price information.
Tenancy laws and rental dispute filings are handled by RERA. Its laws regulate landlord-tenant relationships, dispute settlements and rent increases, among other services. Tenants and landlords should be familiar with these laws, and disputes can be filed on the RERA portal.
Buying property in the city comes down to various factors, from deciding on desirable areas to managing the finer details of the purchase. Property ownership in Dubai comes in two forms: freehold and leasehold.
Freehold property means full ownership rights go to the buyer, while leasehold allows ownership for a set period – usually up to 99 years. Buying property in Dubai as a foreigner requires understanding that some areas will only have leasehold options, whereas other localities in Dubai only allow property sales to Emiratis (UAE Nationals) and citizens of other GCC countries.
Average property prices for accommodations ranging from studios to larger apartments and villas in some popular Dubai neighbourhoods are as below (as of 2024):
Getting a mortgage requires approval from the DLD before signing the sale agreement and applying for the NOC, followed by a down payment, credit check and mortgage pre-approval. Using a mortgage broker is advisable for those new to the region.