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Property located in areas popular with single individuals promises to deliver a lot of advantages, no matter if you decide to live there yourself or plan to find tenants to rent the unit instead. Should you choose to occupy the apartment personally, you'll benefit from both the business and leisure side of owning a property. Owning investment real estate in a place that can be called the ‘best area to live in Dubai for singles' means you'll have a constant flow of prospective tenants. In this article, we have compiled a brief guide on the most popular areas to buy and rent property in Dubai for single professionals who are planning to move to the emirate.

The best areas to live in Dubai as a single professional

While families tend to look for quieter neighbourhoods with lots of schools, parks and playgrounds in close proximity, as a single, you are more likely to be interested in business hubs, nightlife, cultural events, shopping and sporting facilities in the surrounding area to make the most of your downtime. We have kept these priorities in mind whilst putting together the list below. Now all you have to do is choose the one that best suits your needs.

Business Bay

Business Bay is often chosen by professionals who either work in this area, in Downtown Dubai or Dubai International Financial Centre (DIFC). This is because Business Bay is adjacent to Downtown Dubai and less than a 10-minute drive away from DIFC.

Business Bay consists of over 240 buildings, both commercial and residential, including spectacular projects such as Executive Towers, Damac Towers, Capital Bay Towers and Urban Oasis. Although the area offers plenty of commercial opportunities, it isn't all about offices. Just think of the beautiful Dubai Canal and Bay Avenue Park, high-end hotels, restaurants and sporting facilities that are all located right in the heart of Business Bay.

The majority of real estate in Business Bay comes in the form of apartments in high-rise buildings. For example, the purchase of a studio apartment of 412 sq.ft would cost AED 570K (USD 155K) and to rent such properties would start from AED 33K (USD 9K) per year. Luxury apartments in Urban Oasis, Business Bay, are available from AED 931K (USD 254K) for an area of 646 sq.ft. In this case, you will have your own 1 bedroom apartment with sea views, 2 bathrooms, a balcony, fully fitted kitchen and fitted closets. Amenities in Urban Oasis include one allocated parking space, concierge service, central heating, a communal pool and a gym. Rental prices for fully furnished 1-bedroom apartments in this tower start from AED 45K (USD 12K) per year.

You can also choose from the following types of real estate which is available for sale:

  • 1-bedroom duplexes from AED 2M (USD 545K)
  • 2-bedroom penthouses from AED 1.85M (USD 504K)
  • 2-bedroom villas (typically, in the form of podium villas) priced from AED 2.1M (USD 572K)
  • Hotel apartments/studio from AED 1M (USD 272K)

Please note that if you buy a completed property in Dubai worth AED 750K (USD 204K) you can apply for a 3-year investment visa. Previously, the limit for this type of visa was no less than AED 1M (USD 272K).

Dubai Marina

Built along a 3-kilometer stretch of the Persian Gulf shoreline, Dubai Marina is known for its resort lifestyle, entertainment, dining and sporting and leisure facilities. In addition to all the benefits of waterfront living, professionals residing in this area can get easy access to their place of work by using either the tram or metro. Taking all of this into consideration, it's hardly a surprise that Dubai Marina is among one of the best places to live in Dubai for singles.

Apartments are the most common type of real estate here and range from minimalistic studios with an area of just 340 sq. ft. to 4-bedroom apartments with an area of over 14,000 sq. ft. The prices for apartment studios start from AED 410K (USD 120K), while 1-bedroom apartments cost from AED 500K (USD 140K). In terms of rentals, Dubai Marina is one of the most popular places to rent luxury apartments, so rental prices are higher compared to other parts of the city. Rental prices for 1-bedroom apartments here start from a minimum of AED 95K (USD 26K) per year.

Here are some other types of properties available for sale in Dubai Marina:

  • 2-bedroom penthouses from AED 2.1M (USD 580K)
  • 2-bedroom duplexes from AED 1.6M (USD 440K)
  • Hotel apartments/studio from AED 550K (USD 150K)

Downtown Dubai

With a variety of business and work opportunities, combined with excellent infrastructure for living and recreation, make Downtown Dubai an incredibly sought-after area among professionals, businessmen and real estate investors. Here you can find residential and commercial buildings, world-famous landmarks, and some of the best restaurants in the city. The neighbourhood itself offers an exceptional and luxurious lifestyle. In addition, Downtown Dubai is second only to Dubai Marina in terms of demand for luxury apartment rentals in the city.

Properties that may interest singles in Downtown Dubai are represented by studios at an average sales price of AED 800K (USD 218K) or 1-bedroom apartments can be purchased from AED 1.5M (USD 409K). It is worth noting that the rental price for a studio in Downtown Dubai starts from AED 50K (USD 14K) per year, while a 1-bedroom apartment costs from AED 65K (USD 18K) per year for a fully furnished property.

Other property types available for sale in the same area are:

  • 1-bedroom hotel apartments from AED 1.1M (USD 300K)
  • 1-bedroom duplexes from AED 2.35M (USD 640K)

Dubai Hills Estate

Located between Al Khail Road and Mohammed Bin Zayed Road, Dubai Hills Estate is a residential neighbourhood dominated by villas, low-rise apartments and townhouses. While Dubai Hills Estate is known primarily as a family-friendly development, its incredible leisure infrastructure that includes a golf course and clubhouse, means that single European women and men living here will have a lot of opportunities for making new acquaintances and networking.

Although Dubai Hills Estate is known as a family complex, its incredible recreational facilities would also be suitable for single women and men, regardless of the purpose of living in the emirate. For example, the sale price of a studio here starts from AED 703K (USD 191K), and 1-bedroom apartments cost from AED 900K (USD 245K). Rental prices start from AED 55K (USD 15K) per year.

Other property types available for sale are:

  • 1-bedroom penthouses from AED 980К (USD267К)
  • 3-bedroom villas from AED 2.5M (USD 681К)
  • 3-bedroom townhouses from AED 2.45M (USD 670K)

Dubai Creek Harbour

This is a large-scale waterfront development, in which Dubai Holding has joined forces with Emaar Properties. The project, which will be developed over the next 10–15 years, is positioned along Ras Al Khor Road. Taking into consideration the sheer scale of the site and the facilities planned, we can assume that this neighbourhood will offer an impressive capital appreciation and above-average returns.

Apartments here comprise the largest segment of the real estate market in Dubai Creek Harbour. The sizes of units range from 600 sq. ft to 5,190 sq. ft. (a 1-bedroom and a 4-bedroom apartment respectively). The selling price of 1-bedroom apartments with a living area of 785 sq. ft will cost AED 900K (USD 245K), and renting a fully finished apartment will cost from AED 85K (USD 23K) per year.

You can also consider buying a hotel apartment for prices starting from AED 1.7M (USD 463K). They are, of course, much more expensive, but in this case, you are buying an apartment with a full range of amenities and services from the hotel itself, including maintenance of your home.

Benefits of purchasing real estate through Metropolitan Premium Properties

Metropolitan Premium Properties is part of the Metropolitan Group. Founded in 2008, the Group comprises 3 full-service real estate agencies operating in Dubai, Abu Dhabi and Vienna, plus two consulting companies: Metropolitan Consulting FZE and Benchmark Brokers.

With 90+ employees and extensive expertise from our agents, we make reliable partners in all that concerns real estate property not only in the UAE but in many other countries as well. In addition, our company is a direct representative of leading UAE developers such as Dubai Properties, Aldar Properties, Meraas, DAMAC Properties and Emaar Properties.

We provide our clients with individual consultations and assistance in finding the most suitable property based on the personal preferences of the client, including the selection of investment projects, purchase/resale/rental of finished and off-plan properties, and the selection of commercial properties. In addition, our company provides property management services, as well as supporting the process of mortgages in Dubai and refinancing on your existing property.

Summary

  1. If close proximity to commercial clusters is your main focus, then Business Bay or Downtown Dubai might be your best option.
  2. Dubai Marina, Downtown Dubai and Business Bay promise the most vibrant nightlife.
  3. Dubai Creek Harbour is the newest development with unlimited perspectives, while in Dubai Hills Estate, you'll enjoy a quiet life and the facilities of the golf club.
  4. When purchasing real estate through Metropolitan Premium Properties, you will get several advantages, including reliability and expertise from all of our agents.



Posted by : GoDubai Editorial Team
Viewed 6708 times
Posted on : Thursday, November 25, 2021  
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