As a resident of Dubai, one of the most common questions that I get asked is this: “Is it possible to buy an apartment in the city?” The answer is yes. In fact, it’s surprisingly easy to do so if you know where to look and what questions to ask. It might even be cheaper than renting an apartment! So if you’re looking for somewhere more permanent than a hotel room or short-term rental, then read on for everything you need to know about buying an apartment in Dubai.
Why buy an apartment in Dubai?
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In Dubai, you can buy an apartment that’s in a great location and still have money left over. This is because the cost of living is low compared to other cities. In fact, it’s possible to buy an apartment for cash if you have enough savings. Buying a cheap apartment will allow you to live comfortably without too much debt or spending beyond your means. If you want extra money, then renting out part of the property will give some extra income for bills and groceries. And if later on you decide that living in Dubai isn’t for you after all—or even if it turns out exactly as planned—you’ll be able to sell your property at a profit when the time comes!
When is the best time to buy an apartment?
The best time to buy an apartment is during the low season. The market has a tendency to fluctuate throughout the year, with more people looking for apartments in Dubai during certain times of the year than others. For example, most people don’t want to move into Dubai during January or February because winter temperatures can be quite cold and renting out your apartment wouldn’t be beneficial. On the other hand, there are many more renters looking for accommodations during peak summer months due to high temperatures (which is why it’s important to always have an air conditioner).
The best time of year for buying an apartment depends on your lifestyle and personal preferences as well as what type of home you’re interested in purchasing. If you’re planning on moving into a certain neighborhood full-time but aren’t sure if they’ll still be available later on down the road then this will help determine if now is right time before prices go up!
What are the different options for apartments in Dubai?
If you’re looking to buy an apartment in Dubai, you have a lot of options. The first thing to do is decide how many bedrooms you need and what size the property should be. There are basically six different sizes:
1-bedroom apartments (30-70 sq/m)
2-bedroom apartments (80-120 sq/m)
3-bedroom apartments (130-200+ sq/m)
4 bedroom apartments (140+ sq/m)
5+ bedroom properties
How much does it cost to buy an apartment in Dubai?
How much does it cost to buy an apartment in Dubai?
The price of the property is determined by many factors, including location and size. For example, a studio apartment costs about $ 120,000. A one-bedroom apartment costs about $ 150,000. Two-bedroom apartments cost about $ 200,000. Three bedrooms – from 300 000 to 400 000 dollars And so on…
But there are some exceptions: if your house is located near one of the most convenient transport links (for example, near a metro station), then its price can be 5 times higher than average!
You can buy an apartment in Dubai if you don’t mind looking beyond the glitzy areas
Buying an apartment in Dubai is possible if you don’t mind looking beyond glitzy areas. The best time to find an apartment that is less expensive is during the low season of the year. Apartments in general can be found anywhere around Dubai, but there are certain areas that offer options at different prices:
- Studio apartments – these are usually small studios and they can be rented for as little as AED 27,000 per year (US$7,000). The average studio size is 40-50 square meters (430-550 sq ft). The rent will also not include utilities such as water and electricity.
- 1 bedroom apartments – these are one bedroom apartments with a living room, kitchen and bathroom all together on one floor; this means that there is no need for stairs or elevators inside your building. The average price range of these types of properties are between AED 38-80 thousand per year (USD 10,000-$20k). Renting out this type of property will typically cost more than renting out a studio because it has more space overall but you may find it easier being able to walk from one room into another without having to go outside first or climb any stairs or elevator shafts!
Conclusion
In conclusion, the Dubai real estate market is constantly changing. There are always new developments being built and older ones being renovated and upgraded. This means that there is a lot of choice when it comes to buying an apartment in Dubai and finding your dream home here is never going to be an issue. If you want more information about how much an apartment costs or what kind of payment options are available then please get in touch with us today as we would be happy to help!