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Top 10 property hotspots in Dubai
propertyfinder.ae, the UAE’s leading property portal, recently released their quarterly report, revealing the top places for buying and renting across Dubai. Check out the top 10 neighbourhoods most searched by visitors to the site in quarter 2.
DUBAI MARINA
The waterfront community continues to ace the rankings; has been Dubai’s top area for buying property for over two years in a row. If you’re looking to pick up an apartment or a villa in the marina, here’s what you need to know. Click here to check out properties in the area.
Apartment
Average price: AED 2.8 million
Average size: 1,478 sq. ft.
Average price per sq. ft.: AED 1,783
Villa
Average price: AED 8.5 million
Average size: 4,922
Average price per sq. ft.: AED 1,732
PALM JUMEIRAH
Dubai’s buyers don’t mind paying big bucks to call a place home. Why else would Palm Jumeirah, one of the city’s most exclusive addresses figure consistently in the top 10 list of most searched communities to buy property? Offering idyllic enclaves and magnificent views of its skyline, the Palm is nothing short of spectacular. Here are the average prices of an apartment and a villa in the eighth wonder of the world.
Apartment
Average price: AED 4 million
Average size: 2,032 sq. ft.
Average price per sq. ft.: AED 2,008
Villa
Average price: AED 20 million
Average size: 6,447 sq. ft.
Average price per sq. ft.: AED 3,117
DOWNTOWN DUBAI
If you don't feel at home unless you're surrounded by some of the most iconic landmarks of Dubai, then Downtown Dubai is the community for you. Buying property here comes with a hefty price tag with apartments costing on an average, AED 3.9 million and villas, AED 8.7 million. Like to know the average size and price per sq. ft. for each of these property types? Take a look.
Apartment
Average price: AED 3.9 million
Average size: 1,314 sq. ft.
Average price per sq. ft.: AED 2,987
Villa
Average price: AED 8.7 million
Average size: 2,880
DUBAILAND
Dubailand has seen a huge spike in popularity in recent years. Despite placing 7th in Q2 2013, the community grabbed 4th spot in quarter 2 of this year. Tucked away on Emirates Road, Dubailand is a 3 billion sq. ft. destination that’s home to residences and sporting, shopping and entertainment developments. While it may not have all the amenities you might desire, Dubailand is evolving to deliver suburban flare with big-city conveniences. So, how much would buying an apartment or a villa in the area set you back by?
Apartment
Average price: AED 1 million
Average size: 1,092 sq. ft.
Average price per sq. ft.: AED 927
Villa
Average price: AED 5.3 million
Average size: 5,229 sq. ft.
Average price per sq. ft.: AED 1,016
JUMEIRAH VILLAGE CIRCLE
A recent development that’s surged in popularity over the last few years, Jumeirah Village Circle has emerged as one of the most viable options for those who cannot afford the more established villa communities. Although far from complete, the area offers generous living spaces and connectivity and is shooting up Dubai’s community rankings. If you’re looking to pick up an apartment or a villa in JVC, here’s what you need to know. Check out the latest properties for sale in JVC here.
Apartment
Average price: AED 1 million
Average size: 1,072 sq. ft.
Average price per sq. ft.: AED 986
Villa
Average price: AED 3.1 million
Average size: 3,097 sq. ft.
Average price per sq. ft.: AED 1,013
JUMEIRAH LAKE TOWERS
Conveniently located along Sheikh Zayed Road and serviced by two Metro stations - Dubai Marina and JLT – Jumeirah Lake Towers has always been a popular choice for people looking to buy a place that’s close to where everything’s at. Here, apartments range from basic to luxurious and offer lovely views of the towers at night. Clusters located by the new park are also popular. The marina is just a stone’s throw away, which means that you’re also close to one of the best districts for entertainment.
Average price: AED 1.8 million
Average size: 1,306 sq. ft.
Average price per sq. ft.: AED 1,414
DUBAI SPORTS CITY
If you're willing to look beyond the urban hot spots and at a community where home prices are appreciating yet affordable and where you wouldn’t have to trade the good life for the boring, look no further than Dubai Sports City. A city within a city – with state-of-the-art sports venues, international sporting events, residences, commercial developments, schools, medical facilities, hotels and community centres – Dubai Sports City’s increasing infrastructure is driving it to become a bustling neighbourhood. Curious to know asking prices of properties here?
Apartment
Average price: AED 1 million
Average size: 1,057 sq. ft.
Average price per sq. ft.: AED 959
Villa
Average price: AED 6.1 million
Average size: 4,257 sq. ft.
Average price per sq. ft.: AED 1,440
ARABIAN RANCHES
Close enough to the city for easy access and to still feel connected to urban life but far enough to be a great haven of peace and quiet, Arabian Ranches is undoubtedly one of Dubai’s most popular communities. Offering villas with Arabic, Spanish, Portuguese and Moroccan architectural designs, the Ranches also features equestrian and polo grounds, parks, lakes, a health spa and a world class golf course. Here are the average prices.
Villa
Average price: AED 5.1 million
Average size: 3,608 sq. ft.
Average price per sq. ft.: AED 1,428
JUMEIRAH BEACH RESIDENCES
Soak up sea views and the city’s lights from your window. Step outside and find yourself on the beach or treat yourself to some boutique shopping and gourmet food at The Walk. Offering sandy-coloured towers in an Arabic-meets-Mediterranean style, JBR’s other amenities include landscaped gardens and pools. Like to treat yourself to an apartment here? Here’s what you can expect to spend.
Apartment
Average price: AED 3.4 million
Average size: 1,782 sq. ft.
Average price per sq. ft.: AED 1,961
BUSINESS BAY
Moving away from the shadows of its glitzy neighbour, Business Bay has come into its own. Today, its home to JW Marriott Marquis, the highest hotel in the world, glitzy towers and some of the city’s best nightlife. But what does owning a property here set you back by? Explore your property options in Business Bay here.
Apartment
Average price: AED 2.5 million
Average size: 1,517 sq. ft.
Average price per sq. ft.: AED 1,706
Villa
Average price: AED 9 million
Average size: 5,994 sq. ft.
Average price per sq. ft.: AED 1,516
