logo light web

2024 Impactful Investment: Choose From Prime Properties For Sale in Dubai

Properties for sale in Dubai

Table of Contents

Villa, townhouse, or apartment, which is the better investment option in 2024?

During the time of pandemic, Dubai real estate has experienced a heaviness in demand with the villas and townhouses being the heroes. This demand has risen due to their spacious nature. However, in 2024, Due to the affordability and sustained demand, apartments are going to emerge as a potentially profitable investment option. With the sector rapidly evolving and new developments emerging in different areas, investors are confronted with crucial decisions regarding the type and location of properties offering optimal opportunities. Properties for sale in Dubai mainly come under the different segments such as Villas, townhouses, and apartments. All these properties for sale in Dubai have different features that may appeal more or less depending on the goals and priorities of buyers. Experts are thinking on the pros and cons of these options, offering their understanding on where strengthened or weaker potential could lie in 2024.

Properties for sale in Dubai

Increase in Demand for Dubai Properties

Even Though when there was a great supply of apartments, Dubai real estate has seen an increasing demand for villas and townhouses. Whether you’re investing in villas or apartments properties for sale in Dubai, what truly matters is the timing and duration of the investment itself, alongside proper research. Property investments in Dubai entail risks and typically require a long-term approach for returns to be fully realized. Currently, Dubai’s residential stock comprises 800,000 units, with villas and townhouses accounting for 15% and apartments for 85%. While some experts anticipate that more single-family homes are entering the market and apartments will continue to exceed villas in Dubai’s property market.

Factors Influencing Properties For Sale in Dubai

Some major factors are greatly influencing the Dubai property investment process. The factors that include are, budget, preferred location, investment goals, and personal preferences. However, there has been a notable increase in townhouses and villas, mainly due to the high appreciation value and community living. Beyond that it has experienced a higher demand and limited supply. Also all types of properties for sale in Dubai offer good investment opportunities. In terms of demand and performance apartments were the more desired property type with the support of relative affordability and potential higher rental yields. However, villa demand was always strong, simply because of scarcity.

Best places to buy or rent townhouses, villas, apartments

While considering buying properties for sale in Dubai or for rent, it is necessary to consider the location. This process is to ensure the scope of returns that you are about to gain from your property in Dubai. So, let’s see which are the best places to live according to the different segments.

  • The best areas to buy or rent townhouses or villas include Dubailand, Dubai Hills Estate and Arabian Ranches. Once you are in the searching process ensure that you are nearing the best properties for sale in Dubai.
  • For apartments, the following areas are perfect for buying properties for sale in Dubai or renting. Downtown Dubai, Dubai Marina, Business Bay, Jumeirah Village Circle, Dubai Hills Estate, and Meydan City are the areas that you can opt for.

Investors can use the area’s growth potential and attractive property prices to secure long-term rental income and capital growth.

Advantages and Disadvantages

As everything in this world has its own positives and negatives, buying or renting villas, townhouses, or apartments in Dubai real estate also have both of these sides. In addition, it is necessary to be aware of both these factors in the property-buying journey. So, let’s have a look at the pointers:

Townhouses & Villas in Dubai

Living in a townhouse or villa has several potential advantages as these types of properties for sale in Dubai offer ample indoor and outdoor spaces allowing residents the ability to personalize spaces and create private areas for work or relaxation. 

  • Townhouses/villas typically yield higher returns on investment and lower service charges compared to apartments by enhancing their attractiveness.

Also there are certain drawbacks to consider: limited retail and educational options nearby can be a disadvantage, along with the higher maintenance costs associated with maintaining such expansive properties. Furthermore, living in a villa may entail limited access to public transportation, and the higher price point may narrow the potential market for tenants.

Apartments in Dubai

  • Apartment living generally has continued high demand, as it provides a sense of safety and security with features like gated communities, security guards, cameras, and fire protection systems installed.
  • However, these properties for sale in Dubai are also facing some potential downsides. In terms of apartments, finding pet-friendly apartments can be challenging as there are only limiting options for pet owners.
  • Another downside is dealing with noisy neighbors, although this issue can often be addressed by communication with neighbors or building management to find a resolution. The void period for apartments is shorter compared to villas/townhouses.

Will prices increase for these Dubai property types in 2024?

It is a fact that prior to the pandemic in 2020, villas and apartments generally performed similarly in terms of capital gains and losses from an investment perspective. However, after the onset of the pandemic, the Dubai real estate market was already experiencing a downturn phase in its usual cycle. Buyers were looking to set up a home office so they could work from home, families needed more space to support their children in distant learning for example, and of course, property prices were cheaper. Currently the prices of villas and townhouses have essentially doubled in many areas due to the pandemic-driven demand increase. As a result, they have grown increasingly unaffordable for some buyers. This is at a time when some apartment communities are seeing accelerating price increases on foot of increased buyer demand (as tenants search out buy alternatives, as buyers seek areas of possible future gains). Some would suggest that perhaps apartments may now hold the best opportunity for price gains this year. There’s an expectation of continued growth across all properties for sale in Dubai by suggesting a potential increase in property prices, fuelled by Dubai’s luxurious lifestyle, exclusive properties, and Golden Visa opportunities that continue to attract customers, especially from the upper class.

Surging prices amid strong demand

Despite the vast supply pipeline, experts predict that the property prices will continue to hike in 2024 experiencing strong demand from local and foreign buyers.

  • In January 2024, property prices reached all-time highs which is AED 1,284 per sq ft, reflecting a steady upward trend. Emaar Properties led the off-plan market, recording significant transactions, notably in Dubai Hills.
  • Despite the influx of new supply, there’s anticipation of a moderation in price appreciation, particularly in the ready single-family homes segment of villas and townhouses, while ready apartments, especially in established communities, are expected to see more pronounced growth rates.
  • The Dubai off-plan sector remains dominant, with just over 11,500 new units added in January alone. According to the January Property Monitor report, apartments comprise 93.3% of the new inventory by volume, while townhouses and villas constitute 6.2% and 0.5%, respectively. This has been projected to have a combined gross sales value of AED 31 billion.
  • Experts forecast a moderate price growth of 5-7% in 2024 and also demand is expected to remain strong for affordable one-bedroom apartments, especially among Emirati first-time buyers.
  • Improved infrastructure, such as the new Dubai Metro Blue Line extension, should further stimulate price growth in areas such as Dubai Silicon Oasis, Dubai Creek Harbour, and Ras Al Khor due to the enhanced transport link.
  • While this upward trend will continue in the first half of 2024, perhaps after the summer and into H2, there could be a change, but that will be more in the high-end luxury segment.

Conclusion

No matter what, Dubai real estate has no plans to go below its standard boundary. With giving the best to any individual planning to invest or buy in the properties for sale in Dubai, this metropolis assures and survives with the best in any situation.

FAQs

Which property type is the best for investment in Dubai?

From the time of pandemic, Dubai real estate has experienced a heaviness in demand with the villas and townhouses being the heroes. This demand has risen due to their spacious nature. However, in 2024, Due to the affordability and sustained demand, apartments are going to emerge as a potentially profitable investment option. So, as of your personal preferences, you can go with the best option that blends perfectly with our expectations.

What type of property in Dubai offers the best returns?

Long term rental properties have all the ability to provide you a steady income. On the other hand, reselling a property offers quicker profits but requires more work and risks. Commercial properties like apartments and office spaces are more expensive but they can get you higher returns over time.

Which are the best locations to buy villas & townhouses in Dubai?

The best areas to buy or rent townhouses or villas include Dubailand, Dubai Hills Estate and Arabian Ranches. Once you are in the searching process ensure that you are nearing the best properties for sale in Dubai.

Which are the best locations to buy apartments in Dubai?

For apartments, the following areas are perfect for buying properties for sale in Dubai or renting. Downtown Dubai, Dubai Marina, Business Bay, Jumeirah Village Circle, Dubai Hills Estate, and Meydan City are the areas that you can opt for.

Compare listings

Compare