TOP-12 Apartments for Sale by Emaar
for Sale by Emaar
The real estate portfolio of the largest listed developer in the UAE does not include budget-friendly properties, however, Emaar still remains in high demand due to on-time delivery of units, high quality finishings and fittings and attractive locations that the company chooses for its developments. It is worth noting that below-mentioned properties are worth over AED 1M (USD 272K) and provide buyers with an attractive opportunity of obtaining a 3-year renewable investment visa. As a matter of fact, the minimum financial requirement to apply for this type of visa was recently reduced to AED 750K (USD 205K) from AED 1M (USD 272K) in September 2021.
This offer is applicable only to residential freehold properties and units ready to move into. But even investing now in properties under construction, investors and buyers can count on a 3-year visa in the future, after all the construction work and commissioning of the project is complete. In case the property is mortgaged, 50% of its value has to be paid to the bank, or an amount equal to AED 750K (USD 205K) before a visa can be issued. This visa can be maintained for as long as the investor owns property in the UAE. Meanwhile, its benefits include eligibility for applying for family sponsorship, an Emirates ID, a UAE driving license and opening a bank account, just to name a few.
Spanning across 10 million sq.ft, Emaar Beachfront is part of the large-scale Dubai Harbour project, set between Palm Jumeirah and Mina Seyahi. Besides the 27 Miami beach style residential towers, the long-awaited development will feature a collection of gourmet restaurants, a 5-star Address Hotels + Resorts, a 194,000 sq.ft. mall and a pedestrian bridge with cycling and running tracks, which will connect the entire Dubai Harbour to Palm Jumeirah. Furthermore, residents of Emaar Beachfront will benefit from unlimited access to a private beach of nearly 5,000 sq.ft.
The master plan of the gated island destination also includes F&B outlets, beachside play areas and retail pop-ups, providing an abundance of leisure and entertainment options for visitors and residents. Upon completion, Dubai Harbour is set to become the largest marina in the Middle East. Emaar Beachfront property owners will have easy access to Dubai Lighthouse, a yacht club, F&B venues and numerous entertainment & retail spaces. The expected average ROI across Emaar Beachfront is 7-8%.
Downtown Dubai is a huge commercial and residential development worth AED 73B (USD 20B) in the north of Dubai. The district is situated along the Sheikh Zayed Road and is bound by Business Bay and the Trade Center. Its strategic location is one of the key factors among business individuals, entrepreneurs and office workers for both commercial and residential properties in this area, which make it an extremely in-demand area to reside in.
Alongside numerous 5-star hotels, Downtown Dubai houses several record-breaking attractions, which include:
Furthermore, its laser show "Light Up" held for the New Year’s Gala broke a world record in 2018 for the largest sound and light show on a single building. This area also boasts the Dubai Trolley, which is the first hydrogen-powered, zero emission street trolley. Besides the previously mentioned leisure destinations, Souk Al Bahar in Downtown Dubai is also ever popular among tourists and locals. It features over 100 antique carpet shops and lifestyle stores, as well as 22 restaurants, cafés and lounges.
As reported by Bayut & Dubizzle, Downtown Dubai is the second most popular area for luxury apartments, as it witnessed an increase of 7.11% of the price-per-square-foot in H1 2021, from AED 1,160 (USD 316) in H2 2020 to AED 1,242 (USD 338). Meanwhile, apartments in Downtown Dubai generate a ROI of 4.6%. According to Vision 2040, Downtown Dubai, as well as 4 other urban centers, will undergo a series of changes in order to stimulate the property development and lower the infrastructure expenses. Thus, this area plans to be rejuvenated together with Business Bay to become a centralized location of the thriving financial hub of Dubai.
Once a small cluster of waterfront high-rises, Dubai Marina now proudly carries the title of the largest man-made marina, and it is also home to one of the most popular beaches of Dubai. The marina area is divided into 2 parts: The Beach and Jumeirah Beach Residence, offering world-class hotels, clubs, bars, restaurants, a promenade, and over 200 skyscrapers, most of which are residential. In fact, Dubai Marina is the largest freehold residential development in Dubai regarding the number of buildings and overall population. As well as this, the area constantly attracts many investors and end-users, being the city’s best-connected development in terms of transportation. As for major attractions, Dubai Marina is home to the 101-level Princess Tower, the world's second tallest residential tower and Dubai Marina Mall, which offers 130 retail outlets and a 6-screen Reel Cinemas, alongside eateries and a play area.
In H1 2021, Dubai Marina was the favorite for luxury apartments, generating an ROI of 5.54%. Meanwhile, the price-per-square-foot increased by 7.11% in the first half of this year, compared to the second half of 2020 – from AED 1,160 to AED 1,242 (from USD 316 to USD 338), according to Bayut & Dubizzle.
Dubai Hills Estate
Spanning across 118.4 million sq.ft, Dubai Hills Estate comes as the second phase of the Mohammed Bin Rashid City with landscaped green areas, parks and open spaces set around a beautiful 18-hole championship golf course operated by Troon Golf. Launched in 2014, the extensive residential and lifestyle community is set to feature fine dining eateries, 2 hotels, a tennis academy, cycling & running tracks, alongside 4,600 villas, 2,200 apartments, 2.1 million sq.ft. of office spaces and 2.2 million sq.ft. of retail.
There are already 3 operational schools set within the community and Dubai Hills Park opened in Q1 2021 with a splash park, a skate park and its own ice rink. As well as all this, residents of Dubai Hills Estate are eagerly awaiting the opening of Dubai Hills Mall in Q1 2022. Offering 2 million sq.ft. of leasable area, the mall will include 600 outlets with a range of F&B venues and retail stores, a hypermarket, Cineplex and leisure centers. As of 2021, apartments in Dubai Hills Estate generate a rental yield of 5.1%.
Dubai Creek Harbour
The stunning waterfront development of Dubai Creek Harbour is situated along Ras Al Khor Road and covers a colossal area of 64 million sq.ft, which is double the size of Business Bay and 4 times the size of Downtown Dubai. Upon completion, the area is expected to have 48,500 residential units in total and accommodate over 200,000 residents, as well as a 450,000 living and working population. Dubai Creek Harbour is designed as a walkable, accessible and sustainable city of the future with retail, office, cultural and community spaces, alongside residential developments set in 9 districts. Currently Dubai Creek Tower is under development, which is set to dwarf the Burj Khalifa at the height of 3,045 sq.ft. The $1B project will offer 10 observation decks, an indoor garden, a hotel and exclusive restaurants. Dubai Creek Harbour is also adjacent to Ras Al Khor Wildlife Sanctuary, which is one of the few protected urban areas in the world. The return on investment for this area is averaging around 4%-5.2% per year.